Cryptocurrency Prices Today, January 23: In a riveting flip of occasions, the broader crypto panorama seems to have encountered vital volatility as soon as once more. Notably, Bitcoin (BTC) worth reversed current positive factors, slipping again to the $102K worth degree on Thursday, while different high cryptos primarily adopted with a waning motion. Further, famend meme cash Dogecoin (DOGE), Shiba Inu (SHIB), Pepe Coin (PEPE), and Official Trump (TRUMP), amongst others, have additionally witnessed a slumping intraday motion.
Moreover, the worldwide crypto market cap dropped practically 3% from yesterday, reaching $4.54 trillion. Traders additionally look like cautious amid the current volatility, as indicated by a 28.65% lower within the world cryptocurrency market quantity. So, let’s carefully gauge in on a few of the most famed cryptocurrencies and the way they’re delivering throughout the market immediately.
Cryptocurrency Prices Today: BTC & Top Crypto Wane, Meme Coins Follow
Against the backdrop of the broader market development, BTC worth has misplaced practically 3% of its worth immediately. Further, Ethereum (ETH), XRP, and Solana (SOL) have additionally tanked 1%-3%. DOGE, SHIB, TRUMP, and PEPE cracked 3%-9% intraday. As a end result, merchants and traders are on their toes, with the market’s waning motion contrasting sentiments of a rally post-Donald Trump’s presidential inauguration.
Bitcoin Price Slips To $102K In Tandem With Broader Cryptocurrency Prices Today
As of press time, BTC price witnessed a virtually 3% lower in worth and exchanged fingers at $102.890. The coin’s intraday high and low had been $102,067.45 and $105,908.98, respectively. It’s noteworthy that the present waning motion aligns with $95.62 million price of outflows in Bitcoin ETFs as January 22, excluding BlackRock knowledge.
Further, in mild of the current worth volatility, speculations surrounding Trump’s inauguration being a ‘sell the news’ occasion have surfaced, with market watchers being apprehensive. However, it’s noteworthy that Santiment knowledge spotlighted over 1000 BTC accrued amid the current market turbulence, underscoring the potential for additional positive factors forward.
Ethereum Price Cracks Over 3%
ETH worth misplaced over 3% of its worth prior to now 24 hours and is at present buying and selling at $3,224. The cryptocurrency’s 24-hour high and low had been $3,203.32 and $3,338.88, respectively. Notably, even Ethereum’s slumping motion aligns with $8,46 million price of outflows in ETH ETFs as of January 22, excluding BlackRock knowledge. Traders additionally reacted negatively to the worth actions, as indicated by an intraday buying and selling quantity dip of 25% for the asset.
XRP Price Holds $3
Despite a virtually 1% drop in its worth, XRP worth showcased resiliency, sitting at $3.15. The Ripple-backed crypto’s 24-hour high and low had been $3.12 and $3.27, respectively. Notably, the crypto’s present waning motion mirrors the broader crypto market development immediately. However, within the wake of hovering market optimism amid ETF-related developments and decreased market provide, an XRP price analysis by CoinGape reveals {that a} $5 breakout could also be doable.
Solana Price Falls Over 2%
SOL worth witnessed a downfall of over 2% prior to now 24 hours and is at present buying and selling at $248.48. The coin’s 24-hour high and low had been $246.50 and $271.53, respectively. Solana’s buying and selling quantity dropped over 3% intraday. However, with Coinbase CEO Brian Armstrong aiming to supply ‘tier 1 support’ to the Solana community, market sentiments about future actions stay optimistic.
Meme Cryptocurrency Prices Today
DOGE worth tanked practically 6% intraday to succeed in $0.3518. Further, SHIB plunged 3% to succeed in $0.00002012. Simultaneously, the TRUMP token’s worth plummeted practically 9% in worth to succeed in $37.40. The meme crypto panorama has primarily mimicked the broader crypto market development.
Top Cryptocurrency Gainer Prices Today
XDC Network (XDC)
Price: $0.1259
24-hour Gains: +5%
Worldcoin (WLD)
Price: $2.22
24-hour Gains: +4%
Pudgy Penguins (PENGU)
Price: $0.02484
24-hour Gains: +3%
GateToken (GT)
Price: $22.35
24-hour Gains: +3%
Top Cryptocurrency Loser Prices Today
ai16z (AI16Z)
Price: $0.9456
24-hour Loss: -20%
Official Melania Meme (MELANIA)
Price:$3.38
24-hour Loss: -14%
Fartcoin (FARTCOIN)
Price: $1.39
24-hour Loss: -14%
Jupiter (JUP)
Price: $0.7732
24-hour Loss: -11%
Overall, regardless of the broader market’s risky motion and cryptocurrency costs taking a success immediately, long-term prospects stay bullish. Renowned crypto market fanatic ‘Ash Crypto’ has not too long ago posted on X, projecting market optimism on future actions. Intriguingly, the analyst spotlights Eric Trump’s current bullish feedback on markets, crypto, and expertise within the U.S. In mild of this saga and Donald Trump taking workplace, the analyst states, “Strategic Bitcoin reserve is coming.” Further, he even reveals {that a} “Mega Altseason is coming,” sparking bullish sentiments on future worth actions.
Coingape Staff
CoinGape contains an skilled staff of native content material writers and editors working around the clock to cowl information globally and current information as a truth somewhat than an opinion. CoinGape writers and reporters contributed to this text.
Disclaimer: The offered content material might embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability in your private monetary loss.
