The global crypto market managed to rise above $1.08 trillion as the overall market enjoyed a day of gains across the board. Bitcoin (BTC) and Ethereum (ETH), two of the most popular crypto coins, managed to be stable within the $23,000 and $1,600 range, respectively. Other popular altcoins — including the likes of Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — registered gains as well. The MINA token managed to become the top gainer, with a 24-hour jump of over 18 percent.
The global crypto market cap stood at $1.08 trillion at the time of writing, registering a 24-hour gain of 1.82 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $23,740.20, registering a 24-hour gain of 2.36 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 20.13 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,640.01, marking a 24-hour jump of 2.87 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.38 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour gain of 0.95 percent, as per CoinMarketCap data, currently priced at $0.08956. As per WazirX, Dogecoin price in India stood at Rs 7.53.
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 0.33 percent. At the time of writing, it was trading at $95.10. LTC price in India stood at Rs 8,000.
Ripple (XRP) price today
XRP price stood at $0.4145, seeing a 24-hour jump of 0.97 percent. As per WazirX, Ripple price stood at Rs 34.82.
Solana (SOL) price today
Solana price stood at $25.52, marking a 24-hour gain of 6.01 percent. As per WazirX, SOL price in India stood at Rs 2,153.
Top crypto gainers today (January 30)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
24-hour gain: 18.86 percent
24-hour gain: 10.81 percent
24-hour gain: 8.64 percent
24-hour gain: 7.34 percent
The Sandbox (SAND)
24-hour gain: 5.65 percent
Top crypto losers today (January 30)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
UNUS SED LEO (LEO)
24-hour loss: 7.72 percent
24-hour loss: 3.47 percent
Frax Share (FXS)
24-hour loss: 1.99 percent
24-hour loss: 1.42 percent
24-hour loss: 1.41 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin briefly reached $23,946 over the weekend as the market responded to US consumption data. Although it couldn’t sustain that level, it has risen 2 percent over the past day and is currently trading above the $23,600 level. If the bullish trend continues, it may reach $24,000 and $25,000 soon. The volume is high, indicating a strong presence of buyers in the market. The support level is now at $23,500, with resistance at $23,922 and then $24,000.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “The price of Bitcoin experienced a surge of over 2.5 percent, reaching a value of $23,500. This increase is believed to be driven by both institutional buying and the anticipation of wider adoption. The current technical outlook for Bitcoin is positive, however, the potential for future growth remains uncertain.”
Kunji founder Anurag Dixit offered his take, “The cryptocurrency market, including Bitcoin, is currently experiencing sustained growth after a short-lived slowdown. The market’s performance is affected by a multitude of factors, including favourable conditions. However, the potential interest rate hike by the US Federal Reserve is a major concern, as shifts in market expectations surrounding this event can have a significant impact on the crypto market. If the interest rate hike aligns with or marks below market expectations(lesser hike than expected), it could create a more supportive environment for cryptocurrencies. Conversely, if the interest rate hike exceeds market expectations, it could lead to a slight negative impact on the crypto market.”
Shivam Thakral, the CEO of BuyUCoin, said, “Bitcoin had an exciting weekend as it touched $23,900 on Sunday. Bitcoin is up by 42 percent this month and is expected to test the $25,000 level very soon. The total crypto market volume is up by $49.72 billion which is a jump of almost 24 percent in the last 24 hours which suggests that bulls are dominating the market currently. If the macroeconomic factors continue to be stable, we can expect the current momentum to continue in the coming weeks.”
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.