Bitcoin breaks past $42k, hitting a five-day high

Jan. 26, 2024

By Mike Dalton

The price of Bitcoin surpassed $42,000 on Jan. 26 amidst significant spot Bitcoin ETF flows and an upgrade to Coinbase’s stock rating.

Bitcoin (BTC) was valued at $42,040.36 with a market cap of $824.4 billion at 8:05 pm UTC on Friday. That marks 5.3% growth over 24 hours.

Bitcoin’s current price also represents a five-day high, as prices were close to $40,000 on Jan. 24 and 25 and as low as $38,678 on Jan. 23

The cryptocurrency market in its entirety was up 4.6% over 24 hours. Other top ten assets saw comparable price gains today: Avalanche (AVAX) was up 7.3%, Solana (SOL) was up 5.9%, XRP was up 3.7%, BNB was up 3.5%, Cardano (ADA) was up 3.3%, and Ethereum (ETH) was up 1.9%.

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