The global crypto market capitalization saw a small drop early Tuesday morning, falling to around $985 billion. However, despite some losses, Bitcoin (BTC) and Ethereum (ETH) managed to hold steady within the $21,000 and $1,500 marks, respectively. Other popular altcoins, including Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC), saw more losses than gains. The Decentraland (MANA) token turned out to be the top gainer of the lot, gaining more than 7 percent in 24 hours.
The global crypto market capitalization stood at $987.31 billion at the time of writing, recording a 24-hour drop of 0.54 percent.
Bitcoin (BTC) price today
The Bitcoin price stood at $21,133.08, recording a 24-hour drop of 0.01 percent, according to CoinMarketCap. According to the Indian exchange WazirX, the BTC price stood at Rs 17.85 lakhs.
Ethereum (ETH) price today
ETH price sat at $1,567.68, marking a 24-hour drop of 0.13 percent at the time of writing. According to WazirX, the Ethereum price in India stood at Rs 1.32 lakhs.
Dogecoin (DOGE) price today
DOGE posted a 24-hour drop of 3.36 percent, according to data from CoinMarketCap, currently trading at $0.08379. According to WazirX, the Dogecoin price in India stood at Rs 7.12.
Litecoin (LTC) price today
Litecoin experienced a 2.45 percent drop in 24 hours. At the time of writing, it was trading at $85.46. The LTC price in India stood at Rs 7,200.
Ripple Price (XRP) Today
XRP price settled at $0.3846, with a 24-hour loss of 4.43 percent. According to WazirX, the Ripple price stood at Rs 32.30.
Solana (SOL) price today
Solana price settled at $23.29, marking a 24-hour gain of 0.13 percent. According to WazirX, the SOL price in India was Rs 2,055.
Top cryptocurrency gainers today (January 17)
Based on CoinMarketCap data, here are the top five cryptocurrency gainers in the last 24 hours:
24 hour gain: 7.10 percent
24 hour gain: 6.62 percent
CAD Curve (CRV) Tab
24 hour gain: 5.55 percent
24 hour gain: 3.43 percent
Convex Finance (CVX)
24 hour gain: 3.30 percent
Top crypto losers today (January 17)
Based on CoinMarketCap data, here are the top five cryptocurrency losers in the last 24 hours:
Loss of 24 hours: 7.89 percent
Loss of 24 hours: 6.38 percent
NEAR protocol (NEAR)
Loss of 24 hours: 6.11 percent
Loss of 24 hours: 5.67 percent
The graph (GRT)
Loss of 24 hours: 5.57 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: “Ether has seen a recent rise in value, hitting a two-month high before dipping slightly. It is currently trading at around $1,550, about the same as the day before. Other major cryptocurrencies have seen mixed results, with some rising slightly and others seeing a drop in value. FTX crypto exchange’s native token, FTT, has seen a significant 35 percent rise and is currently trading at just over $2. However, it should be noted that seven months ago, FTT was trading at over $35. Meanwhile, SOL is down 5 percent. On the other hand, the native token of the VR Decentraland platform, MANA, has risen by more than 16 percent.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said: “The crypto winter may be coming to an end, as various indicators suggest. Bitcoin broke above its 200-day moving average for the first time since December 2021, which could signal the start of a new bull market. Also, Bitcoin’s latest rally has sent it back above its realized price, meaning the average Bitcoin holder now has an unrealized gain.
Kunji founder Anurag Dixit offered his take: “Many bullish macro developments are occurring behind the obvious price actions. BlackRock CEO Larry Fink has shared his vision and appreciation for asset tokenization and financial products. This week we will see some decent movement/volatility around January 18 when the US Producer Price Index (PPI) data is released.”
Shivam Thakral, CEO of BuyUCoin, said: “The crypto market continues to send strong signals of an early bull run as Bitcoin appears to have received firm support at the $21,000 level and could soon break the $23,000 resistance. The largest crypto is also up more than 18% in the last seven days and exchanged hands at $1,560. Markets are confident that the Fed will end its hawkish stance and tolerate rate hikes that are building strong support for digital assets.”
Disclaimer: Crypto products and NFTs are unregulated and can be very risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not legal tender and is subject to market risk. Readers are advised to seek expert advice and carefully read the offering documents along with relevant relevant literature before making any type of investment. cryptocurrency market predictions are speculative and any investment made will be at the sole risk and account of the readers.