cryptocurrency update: Bitcoin price saw a slight uptick on Wednesday, January 19, even though the global cryptocurrency market saw a decline in its value over the past 24 hours. The falling prices can be attributed to the losses suffered by other major crypto coins such as Ethereum, Solana, Cardano and others throughout the day. crypto market The past few weeks have been witnessing a major downturn, which can be attributed to a number of reasons such as sharp views of the Fed and the rising number of COVID-19 cases across the world fueled by the over-infection Omicron variant of the coronavirus.
At the time of writing this article, Bitcoin According to global crypto tracking website CoinMarketCap the prices were at $41,931.9. According to the data, it has increased by 0.24 percent in the last 24 hours but decreased by 2.46 percent in the last seven days.
“The global crypto market cap There has been a decline of 3 percent in the last one day. The total market volume has increased by 12 percent. Bitcoin is currently trading below $42,000. BTC (Bitcoin) dominance fell below the 40 percent mark, giving a boost to altcoin supporters,” said Edul Patel, CEO and co-founder of Mudrex.
According to CoinMarketCap data, the global crypto market cap stood at $1.98 trillion at the time of writing this article. This was a drop of 0.58 per cent in the last 24 hours. However, global crypto volumes rose slightly in the past days as more traders sold their coins. The total volume of coins traded during the previous day was $82.02 billion. It has increased by 4.39 percent in the last 24 hours, the data said.
“Other major cryptocurrencies are also trending in the red as compared to yesterday. Cardano, which outperformed BTC and ETH (Ethereum), is also experiencing a decline. Optimistically, the US inflation rate is pushing investors to hold their funds. Bitcoin and other cryptos to protect the U.S.. The days ahead will be crucial for the crypto spectrum,” Patel added in a note to News18.com.
The custodian became the top gainer in the crypto pack on Wednesday. In the last 24 hours, the price of a coin has increased by 2,396.91 percent. According to data from CoinMarketCap, the price of one token was $0.05617. LATOKEN and PAPPAY were the other two gainers who occupied the next top spot that day.
Top 6 Cryptocurrency Gainers in the Last 24 Hours (According to Data from CoinMarketCap)
Patron: $0.05617 – up to 2,396.91 percent
LATOKEN: $1.60 – up to 1,179.70 percent
Pappas: $0.0000003277 – up to 178.70 percent
ShibbRWD: $0.00000001174 – up to 156.34 percent
MiniTesla: $0.00000000143 – up to 151.42 percent
MetaSafemoon: $0.0000000001927 – up to 140.58 percent
Top 6 Crypto Losers in the Last 24 Hours (According to CoinMarketCap Data)
Square Token: $12.02 – 99.93 percent drop
Meta Legends: $0.000000000571 – 98.35 percent drop
Ninjafloki: $0.000001201 – 95.02 percent drop
MetaAudio: $0.0001202 – 81.01 percent down
Waterfall Finance BSc: $639.63 – 74.05 percent less
Radio Hero: $0.0000008373 – 72.39 percent drop
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