Cryptocurrency Prices Today, January 23: In a riveting turn of events, the broader crypto landscape appears to have encountered significant volatility once again. Notably, Bitcoin (BTC) price reversed recent gains, slipping back to the $102K price level on Thursday, whilst other top cryptos mainly followed with a waning movement. Further, renowned meme coins Dogecoin (DOGE), Shiba Inu (SHIB), Pepe Coin (PEPE), and Official Trump (TRUMP), among others, have also witnessed a slumping intraday action.
Moreover, the global crypto market cap dropped nearly 3% from yesterday, reaching $4.54 trillion. Traders also appear to be cautious amid the recent volatility, as indicated by a 28.65% decrease in the global cryptocurrency market volume. So, let’s closely gauge in on some of the most renowned cryptocurrencies and how they are delivering across the market today.
Cryptocurrency Prices Today: BTC & Top Crypto Wane, Meme Coins Follow
Against the backdrop of the broader market trend, BTC price has lost nearly 3% of its value today. Further, Ethereum (ETH), XRP, and Solana (SOL) have also tanked 1%-3%. DOGE, SHIB, TRUMP, and PEPE cracked 3%-9% intraday. As a result, traders and investors are on their toes, with the market’s waning action contrasting sentiments of a rally post-Donald Trump’s presidential inauguration.
Bitcoin Price Slips To $102K In Tandem With Broader Cryptocurrency Prices Today
As of press time, BTC price witnessed a nearly 3% decrease in value and exchanged hands at $102.890. The coin’s intraday low and high were $102,067.45 and $105,908.98, respectively. It’s noteworthy that the current waning movement aligns with $95.62 million worth of outflows in Bitcoin ETFs as January 22, excluding BlackRock data.
Further, in light of the recent price volatility, speculations surrounding Trump’s inauguration being a ‘sell the news’ event have surfaced, with market watchers being apprehensive. However, it’s noteworthy that Santiment data spotlighted over 1000 BTC accumulated amid the recent market turbulence, underscoring the potential for further gains ahead.
Ethereum Price Cracks Over 3%
ETH price lost over 3% of its value in the past 24 hours and is currently trading at $3,224. The cryptocurrency’s 24-hour low and high were $3,203.32 and $3,338.88, respectively. Notably, even Ethereum’s slumping action aligns with $8,46 million worth of outflows in ETH ETFs as of January 22, excluding BlackRock data. Traders also reacted negatively to the price movements, as indicated by an intraday trading volume dip of 25% for the asset.
XRP Price Holds $3
Despite a nearly 1% drop in its value, XRP price showcased resiliency, sitting at $3.15. The Ripple-backed crypto’s 24-hour low and high were $3.12 and $3.27, respectively. Notably, the crypto’s current waning action mirrors the broader crypto market trend today. However, in the wake of soaring market optimism amid ETF-related developments and reduced market supply, an XRP price analysis by CoinGape reveals that a $5 breakout may be possible.
Solana Price Falls Over 2%
SOL price witnessed a downfall of over 2% in the past 24 hours and is currently trading at $248.48. The coin’s 24-hour low and high were $246.50 and $271.53, respectively. Solana’s trading volume dropped over 3% intraday. However, with Coinbase CEO Brian Armstrong aiming to offer ‘tier 1 support’ to the Solana network, market sentiments about future movements remain optimistic.
Meme Cryptocurrency Prices Today
DOGE price tanked nearly 6% intraday to reach $0.3518. Further, SHIB plunged 3% to reach $0.00002012. Simultaneously, the TRUMP token’s price plummeted nearly 9% in value to reach $37.40. The meme crypto landscape has primarily mimicked the broader crypto market trend.
Top Cryptocurrency Gainer Prices Today
XDC Network (XDC)
Price: $0.1259
24-hour Gains: +5%
Worldcoin (WLD)
Price: $2.22
24-hour Gains: +4%
Pudgy Penguins (PENGU)
Price: $0.02484
24-hour Gains: +3%
GateToken (GT)
Price: $22.35
24-hour Gains: +3%
Top Cryptocurrency Loser Prices Today
ai16z (AI16Z)
Price: $0.9456
24-hour Loss: -20%
Official Melania Meme (MELANIA)
Price:$3.38
24-hour Loss: -14%
Fartcoin (FARTCOIN)
Price: $1.39
24-hour Loss: -14%
Jupiter (JUP)
Price: $0.7732
24-hour Loss: -11%
Overall, despite the broader market’s volatile movement and cryptocurrency prices taking a hit today, long-term prospects remain bullish. Renowned crypto market enthusiast ‘Ash Crypto’ has recently posted on X, projecting market optimism on future movements. Intriguingly, the analyst spotlights Eric Trump’s recent bullish comments on markets, crypto, and technology in the U.S. In light of this saga and Donald Trump taking office, the analyst states, “Strategic Bitcoin reserve is coming.” Further, he even reveals that a “Mega Altseason is coming,” sparking bullish sentiments on future price movements.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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