The crypto prices today a rather volatile session for the top digital currencies, including Bitcoin (BTC). The Bitcoin price surged past $42,000 lately, marking a massive rebound after falling below $39,000. However it’s struggling to maintain the gaining momentum and witnessed a dip in value. In addition, Ethereum (ETH) followed the lead with a drop in a price.
Bitcoin’s value surpassed the $42,000 mark recently owing to the significant attempts to rebound. The Bitcoin price dropped 0.35%, settling at $42,249.85 at the time of reporting on Monday, January 29. However, it’s trading volume surged by a massive 39.87% to $16.79 billion in the last 24 hours. Whilst, the crypto held a market cap of $828.45 billion
In the altcoins arena, the Ethereum price dipped by 0.78% to $2,269.18 at press time with market valuation of $272.69 billion. On the contrary, ETH recorded a 33.02% hike in its trade volume, reaching $7.16 billion. Furthermore, the Binance Coin (BNB) price lost 0.05% in value, reaching $306.06, while its 24-hour trade volume soared by 12.66% to $770.75 million.
On the other hand, the Solana price boosted by 0.82%, reaching $97.37. Moreover, SOL spiked by 67.62% in trade volume to $2.38 billion in the last 24 hours. Furthermore, the XRP price decline finally came to a halt. The XRP price witnessed a dump of 0.79%, reaching $0.5287. In contrast, XRP’s trading volume increased by 27.46% to $562.63 million.
Meanwhile, the Cardano price slumped by 0.66% to $0.4929. However, it recorded a 30.70% increase in its 24-hour trading volume, settling at $338.26 million. Whilst, in the meme coin domain, the Dogecoin price tumbled by 2.30% to $0.07904 while its rival, Shiba Inu, saw its price plunge by 1.57% and traded at $0.000009057.
Also Read: Bitcoin vs Ethereum: Numbers Explain Which Has Higher Growth Potential
The Pepe Coin (PEPE), a trending meme crypto, extended significant declines in today’s trading session. The Pepe Coin price dropped 4.11% to $0.000001061 with a market valuation of $444.60 million. However, its 24-hour trade volume surged by 18.80% to $50.32 million.
The Coinflux Network’s native crypto, Conflux (CFX), recorded massive gains on Monday. At press time, the CFX price was up by 10.63% to $0.2452, making Conflux the top gainer in the market today. Moreover, its trade volume soared by 12.07% to $128.70 million.
The Cosmos ecosystem participant, Injective (INJ) witnessed a notable upswing today. The INJ price increased by 2.96% to $37.89 at the time of reporting. In addition, its trade volume spiked by a staggering 76.12% to $192.67 million. Furthermore, Injective recorded a high of $38.52 amid the bullish rally.
Also Read: Shiba Inu Burn Rate Skyrockets 1539% as SHIB Price Stabilizes
In a ground-breaking Bitcoin news development today, financial giant JPMorgan on Friday said it plans…
In fresh developments, there has been growing speculation that Changpeng Zhao (CZ) could return to…
Traders are bracing for another crypto options expiry and US CPI inflation release today, with…
The crypto market is glowing green as bullish sentiment returns. This comes amid positive developments…
21Shares updates its Sui ETF application with the U.S. Securities and Exchange Commission (SEC). The…
Democrat Elizabeth Warren has made sharp attacks with "fraud" and money laundering allegations, following US…