BTC declined by a minor level to trade just above $22700, with other cryptos displaying differing results.
Mixed results were seen from the crypto markets as Bitcoin slowed down to trade flat at around $22800. It fell slightly below the mark on January 22 and continued trading in that range till January 23. ETH, Cardano, and Dogecoin also traded in the green, while Solana, Litecoin, and others shed losses with BTC. The overall market capitalization of the market stayed over $1 trillion, while that of Bitcoin stayed at around $438 billion.
BTC lost around 0.6% to trade below $22800 while volumes of the crypto in the last 24 hours were at $23.78 billion, falling over 27%. Overall sentiments were still positive in the market, but a few investors may have started being cautious due to the upcoming Fed meeting next month. BTC has had a stellar 2023 so far, and bulls expect the current rally to continue well into the year if other macroeconomic factors stay favorable.
BTC/USD 1 month price chart
Bitcoin is currently trading at around $22700 on January 23, 2023, with BTC/USD up by 0.15% in the previous 24 hours, with most other cryptos trading with mixed outcomes in the last day. BTC/USD is trading higher above its 20-day EMA (18,523.05). The new resistance for BTC is $22900, while support is $22700.