Bitcoin and Ether will reach their peak prices in 2023

As January 2023 came to a close, most cryptocurrencies maintained their higher prices from the previous week. Bitcoin began trading at its highest price in 2023 on Monday, January 23 — $22,716. (roughly Rs. 18 lakh). The oldest cryptocurrency did experience a 0.06 percent drop on the chart as it entered the trading rink. With today's prices, Bitcoin has finally managed to break out of its five-month-long price slump. According to industry experts, this marks the return of bullish sentiment to the market.

Ether, like Bitcoin, has reached its highest price in the last four months. The cryptocurrency is currently priced at $1,631, up 0.67 percent from yesterday.

Avalanche and Dogecoin prices increased by 5% each, bringing the currencies into line with other altcoins on the upside of the price charts.

Shiba Inu, Cardano, Polygon, and Polkadot grew with minor price increases as well.

Tron, Uniswap, Cosmos, Chainlink, and Monero were among the altcoins that made a profit.

After November 2022, the global crypto market valuation has reached and breached the trillion-dollar mark for the first time in 2023. According to CoinMarketCap, the crypto sector's market capitalization is currently $1.04 trillion (roughly Rs. 84,48,108 crore).

Meanwhile, a small number of altcoins began the day with losses. Tether, USD Coin, and Binance USD are examples of stablecoins.