Cryptocurrency Price Today (January 22): Bitcoin Dips Below $103,000 As Top Coins See Bloodbath
Cryptocurrency price on January 22 quick take: The global market cap dipped to $3.52 trillion.
Bitcoin (BTC), the world’s oldest and most valued crypto, dipped down to the $102,000 range early Thursday. All eyes now rest on US FOMC meeting outcomes, which will decide which way the wind will blow. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the reds across the board as overall Market Fear & Greed Index stood at 60 (Greed) out of 100, as per CoinMarketCap data. Pudgy Penguins (PENGU) became the biggest gainer of the lot, with a 24-hour jump of nearly 6 percent. a16z (A16Z) became the biggest loser, with a 24-hour loss of nearly 22 percent.
The global crypto market cap stood at $3.52 trillion at the time of writing, registering a 24-hour dip of 3.37 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $102,051.40, registering a 24-hour loss of 3.43 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 88.69 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,207.94 marking a 24-hour dip of 3.73 percent at the time of writing. Ethereum price in India stood at Rs 2.86 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 5.19 percent, as per CoinMarketCap data, currently priced at $0.3513. Dogecoin price in India stood at Rs 31.79.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 3.46 percent. At the time of writing, it was trading at $113.41. LTC price in India stood at Rs 10.190.71.
Ripple (XRP) Price Today
XRP price stood at $3.13, seeing a 24-hour loss of 1.06 percent. Ripple price in India stood at Rs 268.99.
Solana (SOL) Price Today
Solana price stood at $248.14, marking a 24-hour dip of 3.46 percent. SOL price in India stood at Rs 20,896.52.
Top Crypto Gainers Today (January 22)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Pudgy Penguins (PENGU)
Price: $0.0252
24-hour gain: 5.26 percent
XDC Network (XDC)
Price: $0.1238
24-hour gain: 4.62 percent
GateToken (GT)
Price: $22.39
24-hour gain: 2.87 percent
Worldcoin (WLD)
Price: $2.21
24-hour gain: 2.07 percent
Monero (XMR)
Price: $224.01
24-hour gain: 1.68 percent
Top Crypto Losers Today (January 22)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
a16z (A16Z)
Price: $0.9509
24-hour loss: 21.63 percent
FARTCOIN (FARTCOIN)
Price: $1.42
24-hour loss: 15.06 percent
Virtuals Protocol (VIRTUAL)
Price: $2.62
24-hour loss: 12.73 percent
Jupiter (JUP)
Price: $0.7718
24-hour loss: 12.11 percent
Official Melania Meme (MELANIA)
Price: $3.38
24-hour loss: 11.57 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is trading at $102,200 as investors turn to book profits at higher levels. After its rally to a new ATH, Bitcoin is likely to be trading range-bound between $100k and $109k until the month end with investors looking towards the FOMC meeting outcome for direction. On the other hand, Dogecoin joined the waitlist for ETF approval with Bitwise submitting the registration filing in Delaware. At present, BTC’s major support stands at $101,300 with the next resistance at $106,700.”
CoinSwitch Markets Desk noted, “Bitcoin is down 2.72% today, sliding to 102k after hitting a high of 105,952 yesterday. The dip comes amid the absence of any Bitcoin-related statements from former US President Donald Trump. Altcoins are feeling the heat, with markets bleeding alongside Bitcoin’s pullback. Meanwhile, CME is gearing up for the debut of XRP and SOL futures in February, following a record 29.4 million crypto futures contracts traded in 2024, valued at $1.7 trillion. Ethereum whales are making moves, accumulating over $1 billion worth of ETH (330,000 ETH) in the last two weeks.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin has shown remarkable resilience, stabilizing around the $105K mark after its recent volatility, highlighting its growing maturity as an asset class. The fact that altcoins like Solana and Dogecoin are leading gains demonstrates the market's continued appetite for diversification and the potential of smaller, more agile projects to capitalize on market movements. As the total crypto market cap hovers near $3.8 trillion, it's clear we're in an evolving phase of crypto adoption, where large caps like Bitcoin are holding steady, while altcoins show their potential to drive growth.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin (BTC) remains above $100,000 amid consolidation but faces potential downturn risks, according to experts. Analysts attribute recent volatility to selling pressure following President Donald Trump’s January 20 inauguration, with some traders panicking due to a lack of cryptocurrency mentions. On-chain data shows Bitcoin entering a possible accumulation phase as investors move coins off exchanges, signaling long-term confidence. However, resistance levels at $106,000 and $120,000, along with potential support zones at $92,000, $87,000, and $74,000, could shape BTC’s trajectory.”
Shivam Thakral, CEO of BuyUcoin, said, “The cryptocurrency market has shown remarkable activity, particularly with Solana experiencing a surge in trading volume. This spike is attributed to intense trading of the TRUMP and MELANIA tokens, reflecting heightened investor interest following Donald Trump's return to office. Additionally, anticipation builds around the DEA-led crypto consultation paper, expected in March 2025, which could further shape regulatory frameworks and foster institutional adoption.”
Sumit Gupta, co-founder, CoinDCX, said, “Bitcoin price hasbegun to consolidate with the global market dynamics do not appear to be in faovur of the bulls. While Ethereum price is juggling around $3,200, Solana reached $250, ADA failed to hold $1, while DOGE manages to trade above $0.35. This suggests the Trump-effect over the crypto markets are slowing fading off as the volume drop back to its initial range. Meanwhile, the stablecoin over Solana has been consistently rising, reaching market cap of above $10 billion.”
Subscribe And Follow ABP Live On Telegram: t.me/officialabplive
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.
Top Headlines
