Bitcoin (BTC) and Ethereum (ETH), two of the most popular cryptocurrencies, fell below $23,000 and $1,600 early Friday morning. Other popular altcoins, including Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC), have been in the red across the board. The Fantom (FTM) token turned out to be the most profitable lot with an increase of over 15% in 24 hours. On the other hand, Mina (MINA) became a big loser, shedding over 12% in 24 hours.
The global cryptocurrency market capitalization at the time of writing was $1.04 trillion, recording a 24-hour decline of 1.35%.
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Bitcoin (BTC) price today
The price of bitcoin was $22,795.57, recording a 1.47% 24-hour decline, according to CoinMarketCap. According to the Indian exchange WazirX, the price of BTC was 19.50 lakh.
Ethereum (ETH) price today
The price of ETH was $1,566.88, which means a 2.96% 24-hour loss at the time of writing. According to WazirX, the price of Ethereum in India was 1.33 lakh.
Dogecoin (DOGE) Price Today
DOGE is down 1.88% in 24 hours, according to data from CoinMarketCap, currently priced at $0.08477. According to WazirX, the price of Dogecoin in India was Rs 7.26.
Litecoin (LTC) price today
Litecoin recorded a loss of 2.60% in 24 hours. At the time of writing, it is trading at $86.89. The price of LTC in India was Rs 7,453.
Ripple (XRP) price today
The price of XRP was $0.4054, recording a 24-hour decline of 1.40%. According to WazirX, the price of Ripple was Rs 34.33.
Solana (SOL) price today
Solana’s price was $23.71, which means a loss of 4.15% in 24 hours. According to WazirX, the price of SOL in India was Rs 2075.04.
Crypto Winning Leaders Today (January 27th)
According to CoinMarketCap, here are the top five cryptocurrencies in the past 24 hours:
gain in 24 hours: 15.51%
Electronic payment (XEC)
24-hour gain: 14.80 percent
gain in 24 hours: 8.88%
Bitcoin SV (BSV)
gain in 24 hours: 7.41%
gain in 24 hours: 5.91%
Biggest Crypto Losers Today (January 27th)
According to CoinMarketCap, here are the five biggest losers in the past 24 hours:
Losses in 24 hours: 12.39%
Lido DAO (LDO)
Losses in 24 hours: 9.28%
Losses in 24 hours: 8.43%
Loss in 24 hours: 6.52%
Loss in 24 hours: 0.02%
What crypto exchanges say about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: “The crypto market has been volatile over the past 24 hours. Most cryptocurrencies have undergone a correction following the US economic data. Bitcoin fell to $22,800 after hitting $23,000 after Tesla’s earnings call. BTC support is now at $22,900 and resistance is at $23,000. Similarly, Ethereum broke the $1,600 mark early Thursday morning but has since dropped to around $1,500. Bitcoin and Ethereum have failed to sustain the upward momentum. ETH support is currently at $1,450 while resistance is at $1,667 and $1,775.
Satvik Vishwanath, CEO and co-founder of Unocoin, said: “Bitcoin is currently worth $23,072 with a 24 hour trading volume of $40 billion. It is facing resistance at $23,250 and could rise to $23,900 or $25,150, but if support at $22,325 is breached, a fall to $21,500 or $20,450 is possible.
Kunji founder Anurag Dixit expressed his opinion: “The publication of data on US GDP, which amounted to 2.9% against the expected 2.6%, led to a slight upward movement in the cryptocurrency market. However, this rally was short-lived as the market was already showing signs of strength and a pullback was expected by the weekend. The release of Personal Consumption Expenditure (PCE) data today, along with many other data releases this week, should create a highly volatile market environment leading to the next scheduled reserve rate hike next week.”
Disclaimer: Crypto products and NFTs are not regulated and can be very risky. There may be no regulatory remedies for any losses arising 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 proposal document(s) and important related materials on the subject before making any investment. Cryptocurrency market forecasts are speculative and any investment made will be at the sole expense and risk of readers.