Cryptocurrency Price Today: Bitcoin Dips Below $41,000, Helium Becomes Biggest Loser
Cryptocurrency price on January 22 quick take: The global market cap dipped to $1.65 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, slipped down to the $41,000 mark early Monday. Other top coins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the reds across the boarrd. The Manta Network (MANTA) token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 15 percent. Chiliz (CHZ) became the biggest loser, with a 24-hour dip of over 10 percent.
The global crypto market cap stood at $1.62 trillion at the time of writing, registering a 24-hour loss of 1.65 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $40,999.03, registering a 24-hour dip of 1.50 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 36.55 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,421.45, marking a 24-hour dip of 2.11 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.15 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 4.33 percent, as per CoinMarketCap data, currently priced at $0.08322. As per WazirX, Dogecoin price in India stood at Rs 7.40.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 1.20 percent. At the time of writing, it was trading at $71.99. LTC price in India stood at Rs 6,240.49.
Ripple (XRP) Price Today
XRP price stood at $0.5409, seeing a 24-hour loss of 2.23 percent. As per WazirX, Ripple price stood at Rs 47.46.
Solana (SOL) Price Today
Solana price stood at $89.15, marking a 24-hour dip of 3.68 percent. As per WazirX, SOL price in India stood at Rs 7,902.
Top Crypto Gainers Today (January 22)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Manta Network (MANTA)
Price: $2.60
24-hour gain: 15.44 percent
Frax Share (FXS)
Price: $9.42
24-hour gain: 1.96 percent
Ronin (RON)
Price: $2.35
24-hour gain: 1.76 percent
Flow (FLOW)
Price: $0.8053
24-hour gain: 1.65 percent
Litecoin (LTC)
Price: $71.90
24-hour gain: 0.91 percent
Top Crypto Losers Today (January 22)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Chiliz (CHZ)
Price: $0.09424
24-hour loss: 10.39 percent
Sei (SEI)
Price: $0.6164
24-hour loss: 9.48 percent
Sui (SUI)
Price: $1.02
24-hour loss: 8.10 percent
Blur (BLUR)
Price: $0.5832
24-hour loss: 6.58 percent
Mina (MINA)
Price: $1.08
24-hour loss: 6.33 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin consolidated at the $41,000 level over the weekend with a battle between bulls and bears for market control. As BTC trades above $40,000, the likelihood of a sideways movement between $41,000 and $42,000 is significant. On the Ethereum front, the current valuation stands at $2,400, but a failure by bulls to reclaim the $2,500 zone could prompt a drop to $2,400 in the upcoming week.”
CoinSwitch Markets Desk noted, “Even as the US stock market index S&P5000 saw its biggest one-day gain last Friday, Bitcoin failed to impress investors as it is still hovering around the $41k mark. With every slight lower move of BTC however, altcoins have been bleeding as the ETH/BTC pair too failed to hold above the 0.06 bitcoin per ethereum mark. With a lot of hot altcoins like Arbitrum currently trading on trend line support, Monday US hours would be very crucial to see which way the market will take this week.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is holding steady above $41,000 and has seen a slight gain of 0.25% followed by 0.75% decline quickly, right now bitcoin is trading at $41,300 .The speculation comes as X (formerly Twitter) unveils plans for a dedicated Payments account, fueling anticipation of cryptocurrency integration. But the Commodity Futures Trading Commission's shadow looms as Debiex falls victim to a $2.3 million romance scam, highlighting ongoing challenges in the digital asset space. Ethereum is holding steady around $2,400, with traders monitoring signals for a potential rally. Bitcoin and Ethereum are facing pivotal points, with price forecasts indicating cautious optimism while acknowledging neutral market trends. Investors continue to monitor key levels and potential developments in the evolving cryptocurrency landscape.”
CoinDCX Research Team told ABP Live, “The bearish trend persists for BTC, displaying a downtrend movement as it encounters resistance from the 20EMA on the 4-hour chart. Presently, it is hovering above the $40,500 support level; however, there's no clear confirmation of a reversal or uptrend at this point. ETH, too, is navigating below the 20EMA D after a considerable duration and is currently slightly below the support level at $2,450. It's positioned just above the $2,390 support level. The overall outlook for ETH appears bearish, and a potential pullback might be anticipated from the key level at $2,390.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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