Cryptocurrency Market Update
Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, Cryptocurrency And Bitcoin Price Today jan 24 slid below the $40,000 mark early Wednesday, extending its recent period of decline. Other leading coins such as Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) all experienced losses. Meanwhile, the AKT token emerged as the biggest gainer, surging over 14 percent in the past 24 hours, while ORDI suffered the most significant loss, dropping over 15 percent.
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At the time of writing, the global crypto market cap was $1.54 trillion, reflecting a 2.32 percent decline over the last 24 hours.
Bitcoin (BTC) Price Update
Bitcoin’s price was $39,671.24, showing a 1.03 percent loss in the last 24 hours. According to WazirX, the BTC price in India was Rs 35.27 lakh.
Ethereum (ETH) Price Update
ETH was priced at $2,214.95, with a 5.61 percent dip in the last 24 hours. In India, Ethereum’s price stood at Rs 1.97 lakh.
Dogecoin (DOGE) Price Update
DOGE experienced a 3.29 percent loss, currently priced at $0.07839 or Rs 7 in India.
Litecoin (LTC) Price Update
Litecoin saw a 4.54 percent dip, trading at $65.03 or Rs 5,659.36 in India.
Ripple (XRP) Price Update
XRP’s price was $0.5156, reflecting a 2.83 percent loss. In India, Ripple was priced at Rs 45.50.
Solana (SOL) Price Update
Solana’s price stood at $83.86, with a 2.05 percent dip. In India, SOL was priced at Rs 7,498.98.
Top Crypto Gainers (January 24)
According to CoinMarketCap, the top five crypto gainers in the last 24 hours were:
- Akash Network (AKT)
- Price: $2.76
- 24-hour gain: 14.28 percent
- Blur (BLUR)
- Price: $0.668
- 24-hour gain: 8.69 percent
- Sui (SUI)
- Price: $1.17
- 24-hour gain: 5.69 percent
- Sei (SEI)
- Price: $0.6376
- 24-hour gain: 4.63 percent
- Aptos (APT)
- Price: $8.65
- 24-hour gain: 3.97 percent
Top Crypto Losers (January 24) : Cryptocurrency And Bitcoin Price Today jan 24
According to CoinMarketCap, the top five crypto losers in the last 24 hours were:
- ORDI (ORDI)
- Price: $53.68
- 24-hour loss: 15.35 percent
- SATS (1000SATS)
- Price: $0.0004319
- 24-hour loss: 12.81 percent
- OKB (OKB)
- Price: $47.37
- 24-hour loss: 9.56 percent
- Pyth Network (PYTH)
- Price: $0.3679
- 24-hour loss: 8.98 percent
- Kava (KAVA)
- Price: $0.6815
- 24-hour loss: 8.12 percent
Crypto Market Analysis
Mudrex Co-founder and CEO Edul Patel:
“Bitcoin remains below the critical threshold of $40,000, currently undergoing correction at $39,700 after a recent dip.”
CoinSwitch Markets Desk:
“BTC seems to have found the first level of strong support at $38.5k as a two-week-long sell-off post-ETF approval continues to keep new crypto investors from participating.”
Sathvik Vishwanath, CEO and Co-founder of Unocoin:
“Bitcoin encountered a significant drop, breaching the $40,000 threshold and briefly reaching $39,500, attributed to notable sales influenced by the Grayscale GBTC Bitcoin ETF.”
Shivam Thakral, CEO of BuyUcoin:
“The crypto market continues to witness selling pressure as Bitcoin ETFs have made entry and exit into the investment vehicle very easy.”
CoinDCX Research Team:
“In the last 24 hours, the crypto market witnessed a decline, with BTC and ETH experiencing sharp drops. Although BTC managed to recover and close in the green, ETH remained weaker, influenced by panic selling triggered by news of GBTC ETFs selling.”
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Disclaimer: Cryptocurrency 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 relevant documents carefully before making any investment. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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