Crypto Prices Today: Bitcoin Drops Below $39K As SUI & FTT Take The Lead

Today’s crypto market prices showed a mix of performances, with leading cryptocurrencies facing selling pressure from investors. However, recent market trends suggest a shift in investor focus toward smaller altcoins, contributing to the overall positive outlook for the crypto segment.

Crypto prices have been experiencing extreme volatility today. This comes after the enthusiasm around Bitcoin Exchange-Traded Funds (ETFs) started to diminish. On the other hand, despite recent selling pressure on Bitcoin (BTC), analysts remain optimistic about its potential for a massive long-term growth.

Top Crypto Prices Today

Bitcoin, the largest crypto by market cap, witnessed its price extending below the $39,000 level, marking a massive slump. The Bitcoin price saw a 4.26% decline, settling at $38,824.35 at press time on Tuesday, January 23. On the contrary, it’s trading volume skyrocketed by 60.10% to $32.23 billion in the last 24 hours. Whilst, the oldest crypto held a market cap of $761.20 billion

Turning to other cryptocurrencies, the Ethereum (ETH) price slipped by 3.01% to $2,346.27. However, it registered a whopping 136.58% increase in its trading volume, reaching $13.57 billion. Similarly, Binance Coin (BNB) retreated by 1.48% to $310.61, while its market volume gained 24.91% to $930.18 million.

In addition, Solana experienced a 3.54% decline in price, reaching $85.80. In contrast, it witnessed a staggering 137.42% rise in trading volume to $2.62 billion. Meanwhile, XRP noted a 1.51% decrease, settling at $0.5302, with a 13% loss over the past 30 days.

Whilst, Cardano’s price was down by 2.23% to $0.484. However, it recorded a 75.34% gain in trading volume, reaching $441 million. Whilst, in the meme coin segment, Dogecoin drifted 2.19% lower to $0.08105 while Shiba Inu lost 1.74% and traded at $0.000009024.

Also Read: Celsius Moves Massive Ethereum Holdings to Exchange, ETH Price Down 4%

Top Crypto Gainers & Losers Today

The Pepe coin, part of the meme coin category, experienced choppy trading as investors turned to safer assets amidst market uncertainties. The Pepe Coin price declined by 3.22% to $0.000001065. Meanwhile, its 24-hour trade volume spiked by 46.02% to $61.42 million.

Sui (SUI), one of the trending cryptocurrencies lately, managed to soar despite the overall bearish market trend. The SUI price was up by 7.63% to $1.10 with a market cap of $1.2 billion. Furthermore, the 24-hour trading volume surged by 80.47% to $400.11 million.

FTX Token (FTT), the native token of bankrupt crypto derivatives trading firm FTX, witnessed a significant upswing as well. FTX Token’s value increased by 5.08% to $2.70. Additionally, its trade volume skyrocketed by a staggering 263.31% to $59.37 million.

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