Cryptocurrency Update: According to global crypto tracking websites, bitcoin prices saw a slight increase in their value on Wednesday, January 5, after a gap of a few days. After reaching its peak of $69,000 during the latter half of the previous years, the bitcoin price has been seeing a steady correction. The constant correction, coupled with the threat of the Omicron version of COVID-19, has seen bitcoin barely surpass the $50,000 mark since late November last year. The world’s largest crypto coin has seen more declines than gains over the past few months but has entered the new year with better numbers than last year.
One unit of bitcoin, the world’s largest cryptocurrency by market cap, fell slightly to $46,583.81. According to global crypto tracking website CoinMarketCap, it was down 0.29 percent in the last 24 hours and 2.32 percent in the last seven days. “Bitcoin dominance currently stands at 39.37 percent, down from 0.17 percent on the day,” mentions the platform in a note on its website.
Ether, the world’s largest altcoin, also fell marginally throughout the day, falling below the $4,000 mark. Data shows that one coin of Ether or Ethereum was worth $3,814.09 at the time of writing this article. It was 0.04 per cent lower in the last 24 hours but 0.70 per cent higher in the last seven days.
All other major crypto coins such as Tether, Solana, Binance, XRP and Cardano rose during the day. Memecoins Shiba Inu and Dogecoin however saw losses during the day.
“Bitcoin price dipped below US$47,000 for the second day in a row, while Ethereum rose to US$3,800. Among the top 30 cryptos by market cap, Internet Computer, NEAR Protocol, Phantom and Cosmos also held nearly 19%, 17%, respectively Saw a huge increase of , 12%, 10%. Institutional activities have started to gain momentum, with the global crypto market cap increasing slightly as compared to yesterday.” Edul Patel, CEO and Founder of Mudrex.
The global crypto market felt the positive ripple effect of the rise of several major coins. According to the data mentioned earlier on the website, it has increased slightly in the last 24 hours. According to CoinMarketCap data, the global crypto market cap stood at $2.25 trillion at the time of writing this article. This was an increase of 0.93 percent in the last 24 hours. Global crypto volumes have also increased in the past day. According to the day’s data, the total volume of coins traded during the previous day stood at $92.75 billion, up 0.63 percent.
Ninjafloki rose to the top of the crypto pack on Wednesday. The price of a coin has increased by 1,052.93 per cent in the last 24 hours. According to data from CoinMarketCap, the price of one token was $0.0000442. Green Chart and Brainiac Farms were the other two gainers who grabbed the top spot the next day as per the data.
Top 6 Cryptocurrency Gainers in the Last 24 Hours (According to Data from CoinMarketCap)
Ninjafloki: $0.0000442 – up to 1052.93 percent
Green chart: $0.00003158 – up to 799.94 percent
Brainiac Farms: $0.1139 – up to 690.46 percent
Shiba Dollar: $0.0000000006921 – up to 468.14 percent
Crypto Godz: $0.1063 – up 277.19 percent
Multi-farm capital: $0.000003814 – up to 188.40 percent
Top 6 Crypto Losers in the Last 24 Hours (According to CoinMarketCap Data)
Escored Illuvium: $8.93 – 98.26 percent drop
Pappas: $0.000001 – 96.86 percent less
GovWorld: $0.01169 – 86.82 percent down
Beyond Protocol: $0.987 – 84.48 percent drop
FlameMetaverse: $0.0000005901 – 71.36 percent drop
MotherEarth: $0.00107 – down 69.52 percent
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