Bitcoin (BTC) managed to breach the $17,000 mark for the first time this year, following news that the US recently reported the lowest unemployment rates ever. Other popular altcoins, including Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP), landed in the green across the board. The Solana (SOL) coin continues to enjoy its bullish streak, jumping more than 20 percent in 24 hours. The Ziliqa token (ZIL) turned out to be the biggest gainer, jumping more than 30 percent in 24 hours.

The global crypto market capitalization stood at $849.17 billion at the time of writing, posting a 24-hour gain of 3.10 percent.

Bitcoin (BTC) price today

Bitcoin price stood at $17,209.51, posting a 24-hour gain of 1.55 percent, according to CoinMarketCap. According to the Indian exchange WazirX, the BTC price stood at Rs 14.69 lakhs.

Ethereum (ETH) price today

ETH price stood at $1,308.27, marking a 24-hour gain of 3.62 percent at the time of writing. According to WazirX, the Ethereum price in India stood at Rs 1.12 lakhs.

Dogecoin (DOGE) price today

DOGE posted a 24-hour gain of 4.92 percent, according to data from CoinMarketCap, currently priced at $0.07543. According to WazirX, the Dogecoin price in India was Rs 6.54.

Litecoin (LTC) price today

Litecoin saw a 24-hour gain of 8.16 percent. At the time of writing, it was trading at $81.90. The LTC price in India stood at Rs 6,880.74.

Ripple Price (XRP) Today

XRP price settled at $0.3526, with a 24-hour jump of 3.22 percent. According to WazirX, the Ripple price stood at Rs 30.

Solana (SOL) price today

Solana’s price stood at $16.13, marking a gain of 20.81 percent in 24 hours. According to WazirX, the SOL price in India was Rs 1,385.98.

Top cryptocurrency gainers today (January 9)

Based on CoinMarketCap data, here are the top five cryptocurrency gainers in the last 24 hours:

Ziliqa (ZIL)

Price: $0.02331
24 hour gain: 33.70 percent

Lido DAO (LDO)

Price: $1.93
24 hour gain: 27.53 percent

Solana (SUN)

Price: $16.11
24 hour gain: 20.91 percent

Cardano (ADA)

Price: $0.3293
24 hour gain: 19.44 percent

CAD Curve (CRV) Tab

Price: $0.6397
24 hour gain: 16.64 percent

Top crypto losers today (January 9)

Based on CoinMarketCap data, here are the top five cryptocurrency losers in the last 24 hours:

Gemini Dollar (GUSD)

Price: $1.00
Loss of 24 hours: 0.21 percent

TrueUSD (TUSD)

Price: $0.9996
Loss of 24 hours: 0.07 percent

US dollar (FEI)

Price: $0.999
Loss of 24 hours: 0.04 percent

Binance USD (BUSD)

Price: $1.00
Loss of 24 hours: 0.02 percent

What crypto exchanges are saying about the current market scenario

Mudrex co-founder and CEO Edul Patel told ABP Live: “Over the weekend, most cryptocurrencies saw an increase in value, with Bitcoin breaking above the $17,000 level. This level has acted as a resistance point in recent weeks, and if Bitcoin can hold its position, it could signal a bear market reversal. However, if the value of Bitcoin falls below its current level, the next support level would be $16,900.”

Sathvik Vishwanath, CEO and co-founder of Unocoin, said: “Bitcoin has been fluctuating around the $17,000 level and has yet to break through this resistance. If it doesn’t, it may drop to the $16,775 support zone. If you can sustain a buying trend above this level it can go higher, but if it breaks below $16,775 it could potentially drop to $16,450.”

weTrade founder Prashant Kumar also offered his take on the market scenario: “The second week of 2023 started on a good note for the cryptocurrency market, as the global market capitalization saw a 3 percent increase. After weeks of staying below, Bitcoin finally managed to cross the $17,000 mark. Meanwhile, Ethereum was trading above $1,300. All other major cryptocurrencies were also in the green, with some coins like Cardano and Solana seeing gains. above 20 percent in the last 24 hours.If the trend continues, we could see the cryptocurrency market regain some of the lost ground.This comes ahead of Tuesday’s speech by the head of the US Federal Reserve that will provide more clarity on interest rates.”

Shivam Thakral, CEO of BuyUCoin, said: “Bitcoin crossed the $17,000 mark for the first time in 2023 due to the positive result of the US employment report which reported the lowest unemployment rate, back to the pre-pandemic levels. Traditional financial markets (US and European stocks) reacted strongly to the development as stocks rallied on signs of declining inflation. The positive jobs data suggests that the Fed may not go for an aggressive rate hike at its next meeting in February, which may prove beneficial for the global crypto market.”

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.