Cryptocurrency Price Today (January 31): Bitcoin Dips To $104,000, JasmyCoin Becomes Biggest Gainer
Cryptocurrency price on January 31 quick take: The global market cap dipped to $3.55 trillion.
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Bitcoin (BTC), the world’s oldest and most valued crypto, dipped down to the 104,000 mark early Friday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of minor of gains and lossses across the board as overall Market Fear & Greed Index stood at 54 (Neutral) out of 100, as per CoinMarketCap data. JasmyCoin (JASMY) became the biggest gainer of the lot, with a 24-hour jump of nearly 27 percent. PENGU became the biggest loser, with a 24-hour loss of nearly 8 percent.
The global crypto market cap stood at $3.55 trillion at the time of writing, registering a 24-hour loss of 0.35 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $104,400.95, registering a 24-hour dip of 0.82 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 86.88 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,240.09 marking a 24-hour gain of 1.74 percent at the time of writing. Ethereum price in India stood at Rs 2.73 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 1.22 percent, as per CoinMarketCap data, currently priced at $0.3275. Dogecoin price in India stood at Rs 28.01.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 2.89 percent. At the time of writing, it was trading at $129. LTC price in India stood at Rs 9,826.81.
Ripple (XRP) Price Today
XRP price stood at $3.08, seeing a 24-hour dip of 0.79 percent. Ripple price in India stood at Rs 255.08.
Solana (SOL) Price Today
Solana price stood at $237.18, marking a 24-hour loss of 1.07 percent. SOL price in India stood at Rs 20,258.07.
Top Crypto Gainers Today (January 31)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
JasmyCoin (JASMY)
Price: $0.03237
24-hour gain: 26.78 percent
DeXe (DEXE)
Price: $20.66
24-hour gain: 21.16 percent
Arweave (AR)
Price: $15.55
24-hour gain: 16.51 percent
Mantra (OM)
Price: $5.60
24-hour gain: 15.60 percent
Flare (FLR)
Price: $0.02677
24-hour gain: 9.96 percent
Top Crypto Losers Today (January 31)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Pudgy Penguins (PENGU)
Price: $0.0142
24-hour loss: 7.65 percent
OFFICIAL TRUMP (TRUMP)
Price: $25.73
24-hour loss: 7.57 percent
Jupiter (JUP)
Price: $1.05
24-hour loss: 7.47 percent
Optimism (OP)
Price: $1.40
24-hour loss: 5.41 percent
Bonk (BONK)
Price: $0.00002474
24-hour loss: 5.02 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Alankar Saxena, co-founder and CTO, Mudrex told ABP Live, “Bitcoin is continuing its bullish momentum, trading between $104,300 and $106,400 after favourable signals from the FOMC meeting. Over the past few days, BTC recorded over $800 million in net outflows from exchanges, indicating strong demand as fresh liquidity enters the market. If this trend continues, BTC could soon step into price discovery, setting the stage for new all-time highs. However, bulls must defend the $103,600 level to sustain the uptrend while the resistance stands at the previous high of $106,400.”
CoinSwitch Markets Desk noted, “Showing good support near 104k USD, all eyes are on the ETH/BTC pair holding steady at 0.03 mark. If this level is not breached, we can see a mega altcoin rally very soon. On the regulatory side, the European Central Bank president suggested that Bitcoin was unlikely to enter central bank reserves anytime soon as Donald Trump’s policies have been creating a buzz around the world on adopting this digital currency.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “In early 2025, Bitcoin crossed above the $100,000 mark, spurred on by institutional activity, with retail participation sharply declining. Optimistic momentum and the BTC rally above $106,500 closely followed by an approximate $1.2 billion increase in futures open interest have seen small balances from retail spending volumes decline tremendously-off by 48% in less than six months since November 2024. Retail investors have turned their interest to BTC spot ETFs, which garnered an increase in market cap of 78% to $125 billion from November, providing them with simpler exposure to Bitcoin without the burden of self-custodial responsibility.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin remains over 105,000 USD on Thursday, despite the decision of the Federal Reserve System to suspend the rate of reduced the previous day. This was followed by the Fed decision to maintain rates unchanged to 4.25%-4.50%, which signals Hawkish access due to persistent inflation concerns. According to Glassnode, the current bull cycle of bitcoins is reflected in 2015–2018, indicating the potential for another market euphoria based on growth. Traders are now monitoring the publication of data from the US GDP for Q4 2024, which could introduce the Bitcoins price in the coming days.”
Shivam Thakral, CEO of BuyUcoin, said, “Ethereum has shown resilience, surging by 1% to reach $3,231. This upward momentum comes despite the Federal Reserve's hawkish policy statement, which left interest rates unchanged. The crypto markets have effectively shrugged off these concerns, indicating robust investor sentiment. Investors are optimistic about further growth in both Bitcoin and Ethereum as adoption increases and regulatory clarity improves. The overall positive market sentiment, bolstered by favourable economic indicators, suggests a promising outlook for the cryptocurrency market in the coming weeks.”
CoinDCX Research Team noted, “As we approach the end of the monthly trade, the markets are displaying a sense of stability as top cryptos have been trading within a consolidated range. Bitcoin trades above $104K while Ethereum trades above $3,200. Meanwhile, altcoins like JasmyCoin, Mantra, and Arweave have surged with a double-digit margin. Besides, the trading volume of memecoins has witnessed a significant rise, elevating the prices of popular ones like Fartcoin, PEPE, SPX6900, Mog Coin, etc., and a few more.”
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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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