On Wednesday, the global crypto market was in the red as Bitcoin prices fell 1.87 percent. Other popular cryptocurrencies also witnessed a drop in value.
On January 25, Bitcoin, the world's largest cryptocurrency, lost 1.87% in the last 24 hours. However, the crypto is comfortable above $22,000 levels and is currently trading at $22,649.92. The second largest cryptocurrency, Ethereum, fell 5.37 percent to $1,548.25, as of this writing (1030 IST).
Today, most of the major altcoins were trading with chops today. Solana is down 7.22 percent, Polygon is down 4.57 percent, XRP is down 3.20 percent, and Polkadot is down 6.73 percent from the previous day. Even privacy coins like Monero lost 5.55 percent. However, tokens like UNUS SED LEO and Quant gained 0.99 percent and 6.38 percent, respectively.
Winners and Losers
Today's top gainer was Threshold, which saw a 13.65 percent growth in value. On the other hand, Flow was the one that fell the most of the day, with a 13.20 percent drop in its prices. Optimism, Chiliz and Rocket Pool were also among the biggest losers.
The global crypto market capitalization stood at $1.02 trillion, having declined 3.22 percent since the last 24 hours. By contrast, the total volume of the crypto market increased by 0.92% to $56.67 billion.
meme coins in red
Meme coins also saw a price drop. Elon Musk-backed Dogecoin is down 6.22 percent and is trading at $0.08417. Another canine-based meme coin, Shiba Inu, fell 7.16 percent to $0.00001124.
Metaverse Tokens Dropped
Most metaverse tokens were trading lower today. Tokens like ApeCoin, Decentraland, Axie Infinity, and The Sandbox lost 6.09 percent, 9.69 percent, 7.40 percent, and 8.86 percent, respectively.
