Bitcoin Closes to Drop Below $40K as sui and FTT Stand Out
Crypto market prices today have seen mixed performances as major cryptocurrencies face selling pressure from investors. However, recent market trends show that investors’ focus is shifting towards smaller altcoins, contributing to the overall positive outlook for the crypto segment.
Crypto prices are experiencing extreme fluctuations today. This comes after interest in Bitcoin Exchange Traded Funds (ETFs) started to wane. On the other hand, despite the recent selling pressure on Bitcoin (BTC), analysts remain optimistic about Bitcoin’s massive long-term growth potential.
Today’s Best Crypto Prices
Bitcoin, the largest cryptocurrency by market capitalization, has witnessed its price slowly falling below the $40,000 level. Bitcoin price settled at $40,072.99 at press time on Tuesday, January 23, a decline of 2.25%. On the contrary, the trading volume increased by 164.52% to 30.67 billion dollars in the last 24 hours. The market value of the oldest cryptocurrency was $785.80 billion
Looking at other cryptocurrencies, the Ethereum (ETH) price decreased by 3.01% to $ 2,346.27. However, it recorded a huge increase of 136.58% in transaction volume, reaching $13.57 billion. Similarly, Binance Coin (BNB) decreased by 1.48% to $310.61, while its market volume increased by 24.91% to $930.18 million.
Additionally, solana experienced a 3.54% decrease in its price, reaching $85.80. In contrast, there was a staggering 137.42% increase in trading volume to $2.62 billion. Meanwhile, XRP settled at $0.5302, down 1.51%, losing 13% in the last 30 days.
Meanwhile, the price of Cardano fell by 2.23% to $0.484. However, it recorded a 75.34% increase in transaction volume, reaching 441 million dollars. In the meme coin segment, dogecoin fell 2.19% to $0.08105, while Shiba Inu lost 1.74% to $0.000009024.
Also Read: Celsius Moves Huge Ethereum Assets to Stock Market, ETH Price Drops 4%
Today’s Top Crypto Gainers and Losers
pepe coin, which is part of the meme coin category, has experienced choppy trading as investors turned to safer assets amid market uncertainties. Pepe Coin price decreased by 3.22% to $0.000001065. Meanwhile, 24-hour trading volume increased by 46.02% to $61.42 million.
Sui (SUI), one of the trending cryptocurrencies of recent times, managed to rise despite the general downward trend in the market. The price of SUI increased by 7.63% to $1.10 and its market capitalization was $1.2 billion. Additionally, the 24-hour trading volume increased by 80.47% to $400.11 million.
FTX Token (FTT), the native token of bankrupt crypto derivatives trading company FTX, also witnessed a significant rise. The value of ftx token increased by 5.08% to $2.70. Additionally, trading volume increased by a staggering 263.31% to $59.37 million.
Also Read: Legal Showdown: Binance and SEC – Tensions Rising in Court Hearing
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