The crypto market has grown significantly in the last period

On Tuesday, the crypto market grew significantly, with Bitcoin reaching $ 8916. Overall, most altcoins recorded double-digit growth, generating a total valuation increase of $ 25 billion in 24 hours. BTC dominance has dropped from 68% to 66% as a result of this evolution.

Following Tuesday’s announcement, a $ 200 correction of the BTC price followed, which is currently around $ 8650.

CNBC reporter Brian Kelly said on the Fast Money show:

“I think there’s a huge growth opportunity for Bitcoin, but maybe it won’t materialize tomorrow.”

His opinion was not received positively by other analysts. Crypto trader Josh Rager, for example, is of the opinion that Kelly’s statements were “shorting” the price.

Thanks for ruining the party @CNBCFastMoney https://t.co/CCKNbz6267

– Josh Rager ? (@Josh_Rager) January 14, 2020

The latest price developments have been based on the rise of unique Bitcoin addresses, a positive signal for the price. But the 22% increase in the price this month is slightly exaggerated. Technical analysts believe there is a possibility of a correction up to $ 8,000.

The crypto market has grown significantly

Perhaps the biggest surprise of this week was the evolution of Bitcoin SV. The cryptocurrency backed by Craig Wright increased from $ 115 to $ 440.

The justification was the evolution of the Kleinman v. Wright trial, in which Wright claims to be Satoshi Nakamoto.

Last week, Craig presented a document outlining three trusts holding the private keys to Satoshi’s cryptocurrencies. The judge granted Wright a January 22 deadline to file passwords for these trusts.

The crypto community has repeatedly pointed out that the only way a person can prove to be Satoshi is to move the BTC from its wallets. So far, none of the claimants has succeeded in doing so.