Cryptocurrency UpdateBitcoin prices saw a marginal rise on Wednesday, January 19, even as the global cryptocurrency market saw a decline in value over the past 24 hours. The falling prices can be attributed to the losses suffered by other major cryptocurrencies such as Ethereum, Solana, Cardano and others during the day. The crypto market has witnessed a major downfall in recent weeks, which can be attributed to a number of reasons, such as the aggressive views of the Fed and the rising number of Covid-19 cases around the world fueled by the highly infected Omicron virus. variant of the coronavirus.
At the time of writing this article, Bitcoin prices were at $41,931.9 according to global crypto tracking website CoinMarketCap. It was up 0.24 percent in the past 24 hours, but up 2.46 percent over the past seven days, according to the data.
“Global crypto market capitalization has fallen 3 percent in the past day. The total market volume has increased by 12 percent. Bitcoin is currently trading below US$42,000. BTC (Bitcoin) dominance dropped below 40 percent, boosting altcoin supporters,” said Edul Patel, CEO and co-founder of Mudrex.
According to CoinMarketCap data, the global crypto market cap was $1.98 trillion at the time of writing this article. This was a 0.58 percent drop in the past 24 hours. However, global crypto volume increased slightly over the past day as more traders sold their coins. The total volume of coins traded over the past day was $82.02 billion. This is up 4.39 percent in the past 24 hours, the data said.
“Other major cryptocurrencies are also in the red compared to yesterday. Cardano, which outperforms BTC and ETH (Ethereum), is also experiencing a dip. Optimistically, US inflation figures may drive investors to Bitcoin and other cryptos to protect their wealth. The coming days would be crucial for the crypto spectrum,” Patel added in a note to News18.com.
Patron became the top gainer in the crypto pack on Wednesday. In the past 24 hours, the value of one coin has risen by 2,396.91 percent. One token cost $0.05617, according to data from CoinMarketCap. LATOKEN and PAPPAY were the other two winners occupying the next top spots of the day.
Top 6 Cryptocurrency Gainers in the Last 24 Hours (According to Data from CoinMarketCap)
Pattern: $0.05617 – an increase of 2,396.91 percent
LATOKEN: $1.60 – an increase of 1,179.70 percent
PAPPAY: $0.0000003277 – an increase of 178.70 percent
ShibRWD: $0.0000001174 – an increase of 156.34 percent
MiniTesla: $0.00000000143 – an increase of 151.42 percent
MetaSafeMoon: $0.000000001927 – an increase of 140.58 percent
Top 6 Cryptocurrency Losers in the Last 24 Hours (According to CoinMarketCap Data)
Square Token: $12.02 – 99.93 percent down
Meta Legends: $0.0000000000571 – down 98.35 percent
NinjaFloki: $0.000001201 – Down 95.02 percent
MetaAudio: $0.0001202 – down 81.01 percent
Waterfall Finance BSC: $639.63 – down 74.05 percent
Radio Hero: $0.0000008373 – down 72.39 percent
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