Crypto Market Today: Following the crackdown of the United States on the Bizlato exchange, the cryptocurrency market has been trading in all red on Thursday. The latest crypto market news states that Bitcoin (BTC) dropped by 2.28% to trade lower than $21,000. At the same time, Ethereum (ETH) declined by 3.66% to the $1500 level.
The Bitcoin (BTC) volume in the past 24 hours reached nearly $29.9 billion. This figure was achieved after Bitcoin rose to 21.89%. Considering the crypto market today news, the other top crypto tokens had been trading lower on Thursday. That said, Dogecoin (DOGE), Polygon (MATIC), Solana (SOL), and Binance Coin (BNB) were trading with cuts. Simultaneously, Shiba Inu (SHIB) dropped by 11.21%.
CEO and Co-Founder of Mudrex, Edul Patel mentioned while talking about crypto price today,
“Most cryptocurrencies saw a decline as the market reacted to the U.S. crackdown on the Bitzlato exchange on Wednesday. Although Bitcoin rose above its resistance at US$21,480, it could not sustain the gains which might attract profit-booking by short-term traders. If it can rise above $21,400, it may attract buyers and push the price up further.”
He further added,
“On the other hand, Ethereum managed to surpass its resistance at $1,600 but failed to close above it. Its immediate support is now at $1,490 and its resistance is at $1,550.”
For more related crypto currency latest news, make sure to take a look at https://cryptoventurenews.com/category/crypto-exchanges/.
According to the crypto market today, in the last 24 hours, the global crypto market cap had been trading higher by nearly $968.79 billion. This was down by 2.81% in the last 24 hours. That said, the complete volume in Decentralized Finance (DeFi) is currently $5.06 billion, which is 8.40% of the 24-hour volume of the total crypto market. The volume of all stablecoins is currently $54.33 billion. This is 90.19% of the 24-hour volume of the total crypto market.
World’s largest cryptocurrency, Bitcoin, has a market cap that revolves around $401.1 billion having a dominance of around 41.39%. As per the crypto price today, this is an increase of 0.24% over the day, as CoinMarketCap mentions.
The following are some cryptocurrencies with their data from CoinMarketCap (as of 11.34 hours, IST on January 19, 2023). Also, note that these are the crypto price today changes in the last 24 hours.
- Bitcoin (BTC): $20,820 -2.28%
- Ethereum (ETH): $1,528.21 -3.66%
- Tether(USDT): $1 -0.02%
- USD Coin (USDC): $1 -0.01%
- Binance Coin (BNB): $290.51 -4.29%
- Ripple (XRP): $0.3833 -1.17%
- Dogecoin (DOGE): 0.08104 -8.08%
- Cardano (ADA): $0.3323 -5.56%
- Polygon (MATIC): $0.946 -6.30%
- Polkadot (DOT): $5.77 -4.75%
- Tron (TRX): $0.05957 -4.16%
- Litecoin (LTC): $83.68 -4.54%
- Shiba Inu (SHIB): $0.000012 -11.21%
- Solana (SOL): $21.44 -7.54%
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