Cryptocurrency And Bitcoin Price Today Jan 25, Fails To Regain $40k Mark, MANTA Gains Nearly 30%

Cryptocurrency Market Update: Bitcoin Struggles Below $40,000, SEC Delays Ethereum ETF Approval

Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, Cryptocurrency And Bitcoin Price Today Jan 25 faced resistance in surpassing the $40,000 mark early Thursday, extending its ongoing slump. Despite hopes among investors for Ethereum (ETH) to gain traction following BlackRock’s proposed spot ETH exchange-traded fund (ETF), the US Securities and Exchange Commission (SEC) has postponed its approval, potentially triggering a bearish trend for ETH. Other major coins, including Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC), experienced losses. The AKT token, previously the top gainer, saw the most significant decline today, plummeting by over 7 percent in the last 24 hours. Conversely, MANTA emerged as the biggest gainer, witnessing a 24-hour surge of nearly 30 percent.

At the time of writing, the global crypto market cap reached $1.56 trillion, with a 24-hour gain of 1.01 percent.

Bitcoin (BTC) Price Update

Bitcoin’s price stood at $39,974.25, reflecting a 24-hour gain of 0.86 percent according to CoinMarketCap. WazirX, an Indian exchange, reported BTC price at Rs 35.80 lakh.

Ethereum (ETH) Price Update

ETH price was at $2,214.69, marking a 24-hour dip of 0.15 percent. In India, Ethereum’s price on WazirX stood at Rs 1.99 lakh.

Other Top Cryptos Today

• Dogecoin (DOGE):
  • Registered a 0.33 percent loss, priced at $0.07793 (Rs 6.95 in India).
• Litecoin (LTC):
  • Gained 0.91 percent, trading at $65.66 (Rs 5,756 in India).
• Ripple (XRP):
  • Priced at $0.5153, with a 0.06 percent 24-hour loss (Rs 45.99 in India).
• Solana (SOL):
  • Experienced a 5.35 percent jump, priced at $88.40 (Rs 7,700 in India).

Top Crypto Gainers and Losers Today (January 25)

Top Gainers:

• Manta Network (MANTA):
  • Price – $3.28, 24-hour gain – 29.95 percent.
• Helium (HNT):
  • Price – $6.99, 24-hour gain – 23.99 percent.
• Pendle (PENDLE):
  • Price – $2.40, 24-hour gain – 16.58 percent.
• Internet Computer (ICP):
• Price – $11.88, 24-hour gain – 14.18 percent.
• IOTA (IOTA):
  • Price – $0.2312, 24-hour gain – 12.43 percent.

Top Losers: Cryptocurrency And Bitcoin Price Today Jan 25

• Akash Network (AKT):
  • Price – $2.56, 24-hour loss – 7.03 percent.
• Blur (BLUR):
  • Price – $0.6268, 24-hour loss – 4.09 percent.
• Flare (FLR):
  • Price – $0.0211, 24-hour loss – 2.99 percent.
• BNB (BNB):
• Price – $290.27, 24-hour loss – 2.33 percent.
• Aptos (APT):
  • Price – $8.39, 24-hour loss – 2 percent.

Current Market Scenario Insights from Crypto Exchanges

Mudrex Co-founder and CEO Edul Patel: Bitcoin’s correction at $39,700 may attract increased buying, supported at $38,500, with potential breakdowns at $37,800 and resistance at $40,350.

CoinSwitch Markets Desk: BTC consolidates in a narrow range, with potential support at $38.5k and a looming fear of a massive BTC unlock from Mt Gox.

WazirX Vice President Rajagopal Menon: BTC’s cautious gains above $40,000, Solana and Avalanche leading upward movements.

Unocoin CEO Sathvik Vishwanath: Bitcoin at $40,000 faces a wedge pattern, potential resistance levels, and support at $38,618, $37,638, and $36,745.

BuyUcoin CEO Shivam Thakral: Overall crypto market cap at $1.55 trillion, BTC showing a marginal increase, but altcoins’ positive trajectory not enough to lift market sentiment.

CoinDCX Research Team: BTC’s slight recovery above $40,000 needs confirmation above $40,800, while ETH maintains a bearish outlook, consolidating near crucial support at $2,175.

Disclaimer and Market Outlook

Bold Heading: Key Considerations and Disclaimer : Market Recap

The cryptocurrency market remains speculative and unregulated. Investors should exercise caution, seek expert advice, and carefully evaluate risks before making any investments. Cryptocurrency prices are subject to market risks, and market predictions are speculative. Cryptocurrency products and NFTs carry inherent risks, and readers should be aware of the potential loss without regulatory recourse. Cryptocurrency is not legal tender, and readers should thoroughly review offer documents before making investments. The market outlook suggests cautious optimism, with key levels monitored for potential market direction indicators.