Crypto Price Today: Bitcoin Holds Near $23,000; Solana and Ethereum lost up to 4%

New Delhi: The cryptocurrency market was trading in the red on Friday. Bitcoin (BTC) fell 0.86% to $22,995, while Ethereum (ETH) was below the $1,600 level. BTC volume in the past 24 hours was around $26.25 billion, down 13.77% in the past 24 hours.

“Bitcoin was recently trading just below its most recent support level of $23,000. Bitcoin’s rise of more than 35% this year has revived interest in crypto markets, although analysts remain skeptical about its near-term prospects,” said Rajagopal Menon, vice president of said WazirX.

Other major 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 capitalization traded around $1.04 trillion, down 1.15% in the past 24 hours.

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

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

“Most cryptocurrencies corrected in the past 24 hours following the release of US economic data. Bitcoin traded at $22,800 after surging above $23,000 following Tesla earnings report Similarly, Ethereum rose above $1,600 in the early hours of Thursday, but has since fallen to around $1,500 Support for ETH is now at $1,450 and resistance at $1,667 and $1,775,” said Edul Patel, CEO and co-founder of Mudrex.Crypto Cart: Quick (Source: coinmarketcap.comdata as of 11:41 a.m. IST Jan 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%
Gimbal $0.3749 -1.88%
Polygon $1.1 9.37%
Peas $6.41 -1.28%
$0.0619 -0.32%
Litecoin $87.39 -2.66%
Shiba Inu $0.00001153 -2.64%
$23.93 -3.74%

(Note: price change in the last 24 hours)

(Disclaimer: The 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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