Following market uncertainty triggered by a Matrixport report, Coingecko, the global data aggregator, notes that Bitcoin has once more reached $44,000.
Currently, Bitcoin (BTC) has reached $44,199, registering a 4.1% increase in the past 24 hours. Although this growth may appear modest compared to the top performers on January 4, it reflects a substantial 160.4% surge from the previous year. Reviewing the week’s performance, Bitcoin reached its highest point at $45,913 on January 2, marking the peak since April 2022.
In hours, Bitcoin experienced a nearly 10% decline, attributed by one investor to a publication from Matrixport, a crypto financial services firm. The report suggested that the United States SEC is poised to reject Bitcoin Spot ETFs, and this information is believed to have instigated the price drop. This incident underscores the market’s vulnerability to rumors and reports.
As is customary, such events tend to stimulate significant whale activity, as exemplified by the recent occurrence reported by Coinglass data. In this instance, a substantial 14.2 million in Bitcoin was liquidated on the Huobi platform.
As a result, Bitcoin does not feature on today’s list of top gainers, with altcoins like Beam (BEAM) and Celestia (TIA) maintaining their lead, as per the latest data.
