Bitcoin (BTC) cost appears to have flipped the $32,000 level back to back up every bit the wider cryptocurrency market saw renewed optimism on Jan. 28.

Data from Cointelegraph Markets and TradingView shows that BTC has steadily climbed college in price from $31,000 to its current value of $33,400, an increment of 9.5%.

Daily cryptocurrency market place performance. Source: Coin360

The most notable gainer of the twenty-four hours was Dogecoin (DOGE) which surged more than than 200%.

The popular meme coin became the latest casher of the 3 1000000 member Reddit community backside the incredible GameStop (GME), BlackBerry (BBY) and AMC Theatres (AMC) pump that happened over the last few days. In the early forenoon hours of Jan. 28, a Twitter account named WSB Chairman tweeted:

Shortly afterwards, members in the Wall Street Bets telegram began discussing the possibility of pushing DOGE to $ane.

According to information from TheTIE, the tweet volume for Dogecoin "surpassed Bitcoin over the last 24 hours," making this the first time on tape that "an altcoin has been tweeted about more than Bitcoin over a 24 hour period."

Dogecoin toll vs. tweet volume. Source: TheTIE

In a private chat with Cointelegraph, Joshua Frank, founder of TheTIE, commented on just how "wild" the activity related to Dogecoin has been over the past 24-hours.

Frank said:

"Dogecoin tweet volume is up 1,665% today, its trading volume is upwards 1,546%, and its cost is up 209%"

Wall Street continues to embrace cryptocurrencies

Coinbase officially unveiled its plan to get public later on this year. According to Coinbase Blog, the visitor volition do a directly listing of its Course A common stock, making existing shares available to the public.

Northward Carolina wealth director Kingfisher Capital also made headlines afterwards filing documents revealed that the house had purchased 10,667 shares of the Grayscale Bitcoin Trust over the by few months.

Several brokerage firms in the U.s.a., including the popular mobile-based Robinhood, are receiving blowback for halting trading on stocks like GameStop (GME) and AMC Holdings Inc. (AMC), which has been the primary story of the calendar week later a retail investor-inspired short squeeze by members of the Reddit grouping r/wallstretbets pushed the prices of each stock up by hundreds of percent.

The traditional markets also saw a bounce following a minor sell-off yesterday. The Due south&P 500, NASDAQ and Dow all saw positive inflows and finished the twenty-four hour period up 0.98%, 0.68% and 0.99% respectively.

BTC/USD daily chart. Source: Coin360

Bitcoins show of forcefulness at the $32,000 coincided with a potent rally from many altcoins and currently the bulk of the top 100 coins are reflecting 3% to 15% gains.

Creation (ATOM) rallied by xv.41%, Stellar (XLM) gained 13.91% and Compound (COMP) added 14.21%. Ether (ETH) toll besides increased by 5.96% and currently trades at $one,355.

The overall cryptocurrency marketplace cap at present stands at $984.6 billion and Bitcoin's dominance rate is 63.2%.