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HOME > News > Crypto Greens: Bitcoin at $23k, ADA climb makes headlines
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Crypto Greens: Bitcoin at $23k, ADA climb makes headlines

NFT Studio 24
Posted NFT Studio 24 January 28, 2023 159 Views 3 Min Read
Updated 2023/01/28 at 12:16 AM
Crypto Greens Bitcoin at 23k ADA climb makes headlines
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Tips:
  1. Crypto market shows green signals across Bitcoin, ETH, and Altcoins this week
  2. The US GDP data drove the token prices up, indicating a bull run 
  3. The biggest gainer of the week: Cardano (ADA) hits an 11-week high on Thursday

2023 is on a good start as crypto prices show green peaks with fewer red lines in the fourth week of January. Bitcoin stays stable at $23,000 and Ethereum is at $1,500. Cardano specifically made headlines across news websites due to their leading projects. 

Contents
Bitcoin (BTC)Other CryptocurrenciesPrice Predictions

Bitcoin (BTC)

Bitcoin remains stable at $22k this week. The US GDP data showed a 2.9% increase in Q4 2022, bringing good news to the stock and crypto market. The world’s largest cryptocurrency also showed stability while Altcoins rose from their places.

Source: CoinMarketCap

Bitcoin has gained 9.89% in the 7-day chart, currently trading at a high of $23,215.

Cardano (ADA)

This week Cardano announced it will launch its official stablecoin Djed next week. This news motivated the whales to pour their money into ADA. 

Source: CoinMarketCap

At the time of writing, Cardano trades at $0.3804 with the support level at $0.3705. The Relative Strength Index (RSI) is at 69.91, meaning the price gain is quite stable. 

Other Cryptocurrencies

Ethereum still trades at 1,500. The world’s second-largest token maintains its position in the market with no rival coming up against it. 

Polygon(MATIC) rose 15.71% in the 7-day chart. The token of Ethereum’s scaling platform has finally recovered from the $0.8-$0.9 streak and currently trades at $1.09.

Solana (SOL) trades at $23.91 with a resistance level of $24.96 at the time of writing. The coin managed to recover from the FTX-Alameda crisis and is rapidly increasing in movement. 

Other than that, the NFT market also showed improvement after it rose 18%. Bored Ape Yacht Club remains the #1 selling collection this week, based on data from CryptoSlam.io.

Price Predictions

Analysts eye Bitcoin prices rising above $23k next week. Should we anticipate a bull run or not? The graph movements are still in green which might indicate a bullish pattern but 

Cardano’s stablecoin will definitely power up ADA to hit beyond its previous all-time high if it manages to gain attention from traders and investors. 

Many enthusiasts speculate Cardano hitting $10 this year but this prediction will only come true if the blockchain maintains its position for the remaining 11 months. 

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