Crypto Price Today: Bitcoin holds near $23k; Solana, Ethereum shed up to 4%

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New Del­hi: The cryp­tocur­ren­cy mar­ket was trad­ing in the red on Fri­day. Bit­coin (BTC) fell 0.86% to $22,995, where­as Ethereum (ETH) was below the $1,600 lev­el. BTC vol­ume in the last 24 hours stood at approx­i­mate­ly $26.25 bil­lion, falling 13.77% in the last 24 hours.

“Bit­coin was recent­ly trad­ing just below its most recent $23,000 sup­port lev­el. Bit­coin’s more than 35% rise this year has re-ignight­ed inter­est in cryp­to mar­kets, even if ana­lysts remain scep­ti­cal of its short-term prospects,” Rajagopal Menon, Vice Pres­i­dent at WazirX said.

Oth­er top cryp­to tokens were also trad­ing low­er on Fri­day. Solana fell 3.8%. Lite­coin, Shi­ba Inu, Doge­coin and BNB were also trad­ing with cuts.

The glob­al cryp­tocur­ren­cy mar­ket cap was trad­ing around $1.04 tril­lion, down 1.15% in the last 24 hours.

The total vol­ume in DeFi is cur­rent­ly $5.57 bil­lion, 10.2% of the total cryp­to mar­ket 24-hour vol­ume. The vol­ume of all sta­ble­coins is now $48.86 bil­lion, which is 89.40% of the total cryp­to mar­ket 24-hour volume.

The price of Bit­coin, the world’s largest cryp­tocur­ren­cy, hov­ered around $443.59 bil­lion, with a dom­i­nance of about 42.41%, an increase of 0.06% over the day, accord­ing to CoinMarketCap.

“Most cryp­tocur­ren­cies under­went a cor­rec­tion in the past 24 hours fol­low­ing US eco­nom­ic data’s release. Bit­coin trad­ed at the $22,800 after ris­ing above $23,000 fol­low­ing Tes­la’s earn­ings report. Sim­i­lar­ly, Ethereum reached above $1,600 in the ear­ly hours of Thurs­day but has since dropped to around $1,500. The sup­port for ETH now lies at US$1,450 and resis­tance at US$1,667 and US$1,775,” Edul Patel, CEO & CO-Founder, Mudrex said.Crypto Cart: Quick (Source: coinmarketcap.com, data as of 11.41 hours, IST on Jan­u­ary 27, 2023)

Bit­coin $ 22,995 ‑0. 86%
Ethereum $1,580 ‑2.52%
Teth­er $1 0.01%
USD Coin $0.999 ‑0.01%
BNB $301.74 ‑1.57%
XRP $0.4053 ‑2.35%
Doge­coin $0.08549 ‑2.14%
Car­dano $0.3749 ‑1.88%
Poly­gon $1.1 9.37%
Polka­dot $6.41 ‑1.28%
Tron $0.0619 ‑0.32%
Lite­coin $87.39 ‑2.66%
Shi­ba Inu $0.00001153 ‑2.64%
Solana $23.93 ‑3.74%

(Note: Price change in last 24 hours)

(Dis­claimer: Rec­om­men­da­tions, sug­ges­tions, views and opin­ions giv­en by the experts are their own. These do not rep­re­sent the views of The Eco­nom­ic Times)

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