Bitcoin price near the 17,000-dollar channel, Ethereum jumps by 5%
In the early hours of trading on Wednesday, the price of Bitcoin and the cryptocurrency market experienced growth, with most coins in the green zone.
The global cryptocurrency market value is currently 8,535 billion dollars, showing a 2.16% increase compared to the previous day.
Additionally, the total trading volume in the past 24 hours has decreased by 1.26% and has reached 4,622 billion dollars.
On the other hand, 4,629 million dollars of short positions in Bitcoin futures have been liquidated in the past 24 hours. Bitcoin is trading with a growth of over 2% at a price of 16,853 dollars, and Ethereum with a jump of over 5% at a price of 1,269 dollars.
Other well-known cryptocurrencies like Dogecoin, Shiba Inu, Ripple, and Cardano also saw price increases.