Crypto prices today: Bitcoin in the red but above $22,000 level, Threshold emerges as the top gainer

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On Wednesday, the global crypto market was in the red as the prices of Bitcoin dipped by 1.87 percent. Other popular cryptocurrencies also witnessed a drop in their value.

Jasmine Anand

New Del­hi,UPDATED: Jan 25, 2023 11:09 IST

By Jas­mine Anand:

On 25 Jan­u­ary, Bit­coin, the world’s biggest cryp­to, lost 1.87 per­cent over the last 24 hours. How­ev­er, cryp­to is com­fort­able above $22,000 lev­els and is cur­rent­ly trad­ing at $22,649.92. The sec­ond largest cryp­tocur­ren­cy, Ethereum, dropped by 5.37 per­cent to $1,548.25, at the time of writ­ing this arti­cle (1030 IST).

Today, most of the top alt­coins were trad­ing with cuts today. Solana declined by 7.22 per­cent, Poly­gon fell by 4.57 per­cent, XRP lost 3.20 per­cent, and Polka­dot decreased by 6.73 per­cent since the pre­vi­ous day. Even pri­va­cy coins like Mon­ero lost 5.55 per­cent. How­ev­er, tokens like UNUS SED LEO and Quant gained by 0.99 per­cent and 6.38 per­cent, respectively.

Gain­ers and Losers

The top gain­er of today was Thresh­old, which wit­nessed a growth of 13.65 per­cent in its val­ue. On the oth­er hand, Flow was the top declin­er of the day, with a 13.20 per­cent drop in its prices. Opti­mism, Chiliz, and Rock­et Pool were also among the top losers.

The glob­al cryp­to mar­ket cap stood at $1.02 tril­lion, hav­ing declined by 3.22 per­cent since the last 24 hours. Con­trast­ing­ly, the total cryp­to mar­ket vol­ume increased by 0.92 per­cent to $56.67 billion.

Meme coins in the red

Meme coins, too, reg­is­tered a dip in prices. Elon Musk-backed Doge­coin declined by 6.22 per­cent and is trad­ing at $0.08417. Anoth­er canine-based meme coin, Shi­ba Inu, fell by 7.16 per­cent to $0.00001124.

Meta­verse tokens down

A major­i­ty of the meta­verse tokens were trad­ing low­er today. Tokens like ApeCoin, Decen­tra­land, Axie Infin­i­ty, and The Sand­box lost 6.09 per­cent, 9.69 per­cent, 7.40 per­cent, and 8.86 per­cent, respectively.

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