Bitcoin and Cryptocurrency Market Update – January 19, 2024
Hey there, Cryptocurrency Price In 19 Jan 2024 crypto enthusiasts! Let’s dive into the latest happenings in the crypto world as of January 19, 2024. Bitcoin, the OG and most valuable cryptocurrency, took a bit of a tumble, slipping below the $42,000 mark early on Friday. This marks the first significant dip for the overall market since December 2023. Not just Bitcoin, but other major players like Ethereum, Dogecoin, Solana, Ripple, and Litecoin also found themselves in the red.
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The Conflux (CFX) token managed to stand out as the top gainer, with a modest 24-hour jump of less than 1 percent. On the flip side, Helium (HNT) experienced a tougher time, emerging as the biggest loser with a 24-hour dip of over 13 percent. Cryptocurrency Price In 19 Jan 2024
Now, let’s take a look at the current prices:
Bitcoin (BTC) Price Today
Bitcoin is currently priced at $41,073.88, showing a 24-hour dip of 3.61 percent. According to WazirX, in India, BTC is holding at Rs 35.80 lakh.
Ethereum (ETH) Price Today
ETH is at $2,458.72, with a 24-hour dip of 2.69 percent. In India, Ethereum is priced at Rs 2.15 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 3.37 percent, with a current price of $0.0776. In India, Dogecoin is sitting at Rs 6.80.
Litecoin (LTC) Price Today
Litecoin saw a 1.20 percent dip in the last 24 hours, trading at $68.42. In India, LTC is valued at Rs 5,916.56.
Ripple (XRP) Price Today
XRP is priced at $0.5503, reflecting a 24-hour loss of 2.91 percent. In India, Ripple stands at Rs 48.38.
Solana (SOL) Price Today
Solana’s current price is $93.69, with a 6.20 percent dip in the last 24 hours. In India, SOL is valued at Rs 8,202.62.
Top Crypto Gainers Today (January 19)
The top five gainers in the last 24 hours, according to CoinMarketCap, are:
- Conflux (CFX): $0.1976, 0.71 percent gain
- BNB (BNB): $311.46, 0.69 percent gain
- Astar (ASTR): $0.1677, 0.62 percent gain
- Bitget Token (BGB): $0.6059, 0.42 percent gain
Top Crypto Losers Today (January 19)
On the flip side, the top five losers in the last 24 hours are:
- Helium (HNT): $6.56, 13.49 percent loss
- Sui (SUI): $1.13, 12.48 percent loss
- Ethereum Name Service (ENS): $20.03, 10.52 percent loss
- Chiliz (CHZ): $0.09134, 10.33 percent loss
- Beam (BEAM): $0.01865, 9.82 percent loss
What Crypto Exchanges Are Saying About Current Market Scenario : Cryptocurrency Price In 19 Jan 2024
Various experts in the field have shared their insights on the current market scenario: Cryptocurrency Price In 19 Jan 2024
- Edul Patel, Mudrex co-founder and CEO, mentioned that Bitcoin’s drop is likely fueled by increased liquidations and a strong US dollar. He sees a potential uptrend if Bitcoin can close above the $43,700 resistance over the weekend.
- Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, highlighted BTC’s recent drop related to spot ETF approvals, expecting some volatility in its price. However, he noted healthy ETF inflows and AUM numbers.
- Rajagopal Menon, Vice President at WazirX, pointed out the delicate balance of the global crypto market and the unexpected ‘sell the news’ frenzy around ETF launches. Cryptocurrency Price In 19 Jan 2024
- Sathvik Vishwanath, CEO of Unocoin, emphasized that despite the overall market drop, Bitcoin is holding steady, supported by the newly approved Bitcoin Spot ETF. He mentioned near-term uncertainty due to Jamie Dimon’s criticism and noted the cautiously optimistic outlook.
- Shivam Thakral, CEO of BuyUcoin, discussed the unexpected downward trend in the crypto market, attributing it to selling pressure from ETPs to new spot ETF issuers. He expects Bitcoin prices to rise once this transition settles.
- The CoinDCX Research Team provided a technical standpoint, pointing out the critical challenge for BTC in maintaining the support at $41,000. Cryptocurrency Price In 19 Jan 2024
And there you have it, the latest scoop on the crypto market! Stay tuned for more updates, and remember, crypto investments come with risks, so do your research and seek expert advice. Happy trading! Cryptocurrency Price In 19 Jan 2024