Cryptocurrency An Bitcoin Price Today Briefly Dips Below $40,000, SUI Becomes Biggest Gainer

Cryptocurrency Market Update

Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, Cryptocurrency An Bitcoin Price Today experienced a drop below the $40,000 threshold early on Tuesday, reaching as low as $39,474.66 before making a recovery. Analysts widely anticipate that the forthcoming policy meeting of the US central bank will shed light on the future trajectory of the coin. Other prominent cryptocurrencies, including Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC), witnessed declines. Meanwhile, the SUI token emerged as the top gainer with a notable 24-hour surge of over 7%, whereas Astar (ASTR) experienced the most significant loss, plunging over 10% in the same period.

The global cryptocurrency market cap currently stands at $1.58 trillion, reflecting a 24-hour decrease of 2.42%.

Bitcoin (BTC) Price Update

The price of Bitcoin stands at $40,108.25, showing a 2.13% loss over the past 24 hours, according to CoinMarketCap. On the Indian exchange WazirX, BTC is priced at Rs 35.32 lakh.

Ethereum (ETH) Price Update

Ethereum is currently priced at $2,347.37, indicating a 3.13% decrease in the last 24 hours. In India, the Ethereum price on WazirX stands at Rs 2.06 lakh.

Dogecoin (DOGE) Price Update

DOGE recorded a 2.28% loss in the past 24 hours, with a current price of $0.08124. On WazirX, Dogecoin is trading at Rs 7.19 in India.

Litecoin (LTC) Price Update

Litecoin experienced a 5.30% dip over the last 24 hours, with a current trading price of $68.23. In India, LTC is priced at Rs 6,094.99.

Ripple (XRP) Price Update

The price of XRP is $0.531, reflecting a 1.74% loss in the past 24 hours. On WazirX, Ripple is trading at Rs 46.65 in India.

Solana (SOL) Price Update

Solana’s current price is $85.67, indicating a 3.65% decrease in the last 24 hours. On WazirX, SOL is priced at Rs 7,460 in India.

Top Crypto Gainers and Losers Today (January 23)

Top Gainers:

1. Sui (SUI)
   • Price: $1.10
   • 24-hour gain: 7.98%
2. FTX Token (FTT)
   • Price: $2.76
   • 24-hour gain: 6.70%
3. Kava (KAVA)
   • Price: $0.7442
   • 24-hour gain: 5.88%
4. Blur (BLUR)
   • Price: $0.6089
   • 24-hour gain: 4.19%
5. Pyth Network (PYTH)
   • Price: $0.4015
   • 24-hour gain: 3.52%

Top Losers: Cryptocurrency An Bitcoin Price Today

1. Astar (ASTR)
   • Price: $0.1694
   • 24-hour loss: 10.77%
2. Terra Classic (LUNC)
   • Price: $0.00009849
   • 24-hour loss: 6.30%
3. Avalanche (AVAX)
   • Price: $30.04
   • 24-hour loss: 6.15%
4. Neo (NEO)
   • Price: $10.69
   • 24-hour loss: 5.94%
5. Flow (FLOW)
   • Price: $0.7577
   • 24-hour loss: 5.90%

ALSO READ : Cryptocurrency Market Update: January 22, 2024

Crypto Exchanges’ Perspectives on the Current Market Scenario

• Mudrex co-founder and CEO Edul Patel stated, “Bitcoin briefly dropped to $39,000 in the past 24 hours but recovered to $40,000 amid increasing selling pressure.”
• CoinSwitch Markets Desk noted, “BTC slumped below the $40k mark for the first time in 50 days as the Bulls failed to hold the support line.”
• Rajagopal Menon, Vice President at WazirX, mentioned, “Major cryptos faced a bearish start to the week, influenced by apprehensions of substantial Bitcoin (BTC) sales.”
• Sathvik Vishwanath, CEO of Unocoin, commented, “Bitcoin struggles with a bearish trajectory, touching $41,000 for a 1.65% loss in the global cryptocurrency market cap.”
• Shivam Thakral, CEO of BuyUcoin, stated, “The crypto market is witnessing a healthy pullback after a massive bull run.”
• CoinDCX Research Team highlighted, “In the last 24 hours, the entire crypto market declined over 4%, with BTC and ETH both dropping over 5%.”

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Disclaimer:

Crypto products and NFTs are unregulated and can be highly risky. Cryptocurrency is not legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer documents carefully before making any investment. Cryptocurrency market predictions are speculative and investments carry risks.