Crypto Rally Continues: BTC, ETH & More Up, Avalanche Up 22%

The first rally of 2023 on the crypto market continues. Almost all major rates are in the plus and we have a striking outlier today. But will this rally last after the US consumer price index (CPI) later today? In any case, more volatility is to be expected. The total market capitalization is up 3.4% to $922 billion.

Bitcoin price breaks $18,000

Last night, bitcoin (BTC) broke through $18,000. The price rose about 4% in the past 24 hours to $18,165. Outside of fake out in mid-December, this is the highest BTC price since the FTX crash. According to analytics company Glassnode, more than 13% of the circulating supply is back in profit. However, many analysts are still very bearish about the bitcoin price.

Ethereum price finds the $1,400

Ethereum (ETH) is once again picking up slightly stronger and peaked near $1,420 last night. For the time being, the ether price is holding at $1,400 and is therefore 4.8% up today. ETH was also last this high during the FTX crash. According to analysis company Santiment, the increase is the result of shark, investors with 100 to 10,000 ETH, which has accumulated heavily over the past two months.

Crypto top 10 cautiously turns green

The rest of the top 10 largest crypto also turns green, albeit with smaller figures. Binance coin (BNB), ripple (XRP), cardano (ADA), dogecoin (DOGE) and polygon (MATIC) are all up about 1.5% today.

Crypto top 100 fastest risers

In the top 100 we have even more risers today. Lido (LDO) is again up 5% together with axie infinity (AXS) and phantom (FTM). Thorchain (RUNE) is up almost 6% and aave (AAVE) is up 6.5%. Near protocol (NEAR) is up 9% and rocket pool (RPL) is up 10.5%.

Avalanche price is 22% up

Then we have the big winner of the day: avalanche (AVAX). Crypto Insiders analysts already saw a significant increase for avalanche, but the AVAX price rose even faster than expected due to the Amazon Web Services (AWS) news below.

Avalanche rose to a high of $16.5 last night and is currently seeking support towards $15. This means that the AVAX price is up no less than 22% today.

Bitcoin SV and Flare crypto top 100 hardest fallers

Finally, however, we also have a series of red prices today, although with two exceptions they are not very large percentages. Flare (FLR), which held its much-anticipated airdrop this week, continues to fall and is down nearly 9% today.

But the biggest loser from the top 100 today is the controversial bitcoin sv (BSV). Unlike the rest of the market, the BSV price took a big plunge last night and is down 9.5% today at $40.5. That drop may be due to the removal of BSV from trading platform Robinhood.

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