The global crypto market managed to break above $1.08 trillion as the broader market enjoyed a day of gains across the board. Bitcoin (BTC) and Ethereum (ETH), two of the most popular cryptocurrencies, managed to hold steady within the $23,000 and $1,600 range, respectively. Other popular altcoins such as Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) also posted gains. The MINA token managed to become the main gainer, with a jump of more than 18 percent in 24 hours.
The global crypto market capitalization stood at $1.08 trillion at the time of writing, posting a 24-hour gain of 1.82%.
Bitcoin (BTC) price today
Bitcoin price stood at $23,740.20, posting a 24-hour gain of 2.36 percent, according to CoinMarketCap. According to the Indian exchange WazirX, the BTC price stood at Rs 20.13 lakhs.
Ethereum (ETH) price today
ETH price stood at $1640.01, marking a 24-hour jump of 2.87 percent at the time of writing. According to WazirX, the Ethereum price in India stood at Rs 1.38 lakhs.
Dogecoin (DOGE) price today
DOGE posted a 24-hour gain of 0.95 percent, according to data from CoinMarketCap, currently priced at $0.08956. According to WazirX, the Dogecoin price in India was Rs 7.53.
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 0.33 percent. At the time of writing, it was trading at $95.10. The LTC price in India stood at Rs 8,000.
Ripple Price (XRP) Today
XRP price settled at $0.4145, with a 24-hour jump of 0.97 percent. According to WazirX, the Ripple price stood at Rs 34.82.
Solana (SOL) price today
Solana price settled at $25.52, marking a 24-hour gain of 6.01 percent. According to WazirX, the SOL price in India stood at Rs 2,153.
Top cryptocurrency gainers today (January 30)
Based on CoinMarketCap data, here are the top five cryptocurrency gainers in the last 24 hours:
my my)
Price: $0.7686
24 hour gain: 18.86 percent
Decentralized (MANA)
Price: $0.7887
24 hour gain: 10.81 percent
Osmosis (OSMO)
Price: $1.06
24 hour gain: 8.64 percent
GMX (GMX)
Price: $60.18
24 hour gain: 7.34 percent
The sandbox (SAND)
Price: $0.7842
24 hour gain: 5.65 percent
Top crypto losers today (January 30)
Based on CoinMarketCap data, here are the top five cryptocurrency losers in the last 24 hours:
ONE BUT LEO (LEO)
Price: $3.63
Loss of 24 hours: 7.72 percent
Toncoin (TON)
Price: $2.44
Loss of 24 hours: 3.47 percent
Frax Share (FXS)
Price: $10.84
Loss of 24 hours: 1.99 percent
gala (gala)
Price: $0.05855
Loss of 24 hours: 1.42 percent
VeChain (VET)
Price: $0.02429
Loss of 24 hours: 1.41 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: โBitcoin briefly reached $23,946 over the weekend as the market responded to US consumer data. Although it was unable to hold that level, it has It has rallied 2 percent over the past day and is currently trading above the $23,600 level. If the uptrend continues, it may reach $24,000 and $25,000 soon. Volume is high, indicating a strong buyer presence in the market. The support level is now at $23,500, with resistance at $23,922 and then at $24,000."
Sathvik Vishwanath, CEO and co-founder of Unocoin, said: โThe price of Bitcoin saw an increase of more than 2.5 percent, reaching a value of $23,500. This increase is believed to be due to both institutional buying and the anticipation of wider adoption. The current technical outlook for Bitcoin is positive, however future growth potential remains uncertain."
Kunji founder Anurag Dixit offered his take: โThe cryptocurrency market, including Bitcoin, is currently experiencing sustained growth after a short-lived slowdown. Market performance is affected by a multitude of factors, including favorable conditions. However, the potential interest rate hike by the US Federal Reserve is a major concern, as changes in market expectations around this event may have a significant impact on the crypto market. If the interest rate increase aligns with or marks below market expectations (a smaller than expected increase), it could create a more supportive environment for cryptocurrencies. Conversely, if the interest rate increase exceeds market expectations, it could have a slight negative impact on the crypto market."
Shivam Thakral, CEO of BuyUCoin, said: โBitcoin had an exciting weekend as it hit $23,900 on Sunday. Bitcoin is up 42 percent this month and is expected to test the $25,000 level very soon. Total crypto market volume increased by $49.72 billion, representing a jump of nearly 24 percent over the past 24 hours, suggesting that bulls currently dominate the market. If macroeconomic factors remain stable, we can expect the current momentum to continue in the coming weeks."
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.
