Release: 2024/01/25 13:14 Reading: 949
The crypto prices today suggest a rather positive shift as the major players in the market have witnessed a significant rebound. However, not all the digital currencies have been registering gains as for some the crash just doesn’t seem to stop. Moreover, Bitcoin’s (BTC) rebound isn’t noteworthy but surely sets the stage for it to propel up to the $40,000 level.
Bitcoin’s value is still below the $40,000 mark despite the recent rebound. The Bitcoin price saw a 0.87% gain, settling at $39,975.48 at the time of reporting on Thursday, January 25. However, it’s trading volume plunged by a huge 30.84% to $20.86 billion in the last 24 hours. The crypto held a market cap of $783.73 billion
Turning to altcoins, the Ethereum price declined by 0.16% to $2,214.34 at press time. In addition, it recorded a 43.56% plunge in its trade volume, reaching $9.37 billion. Furthermore, the Binance Coin (BNB) price slumped by 1.92% to $289.70, while its 24-hour trade volume also plummeted by 6.16% to $1 billion.
On the other hand, the Solana price boosted by 4.97%, reaching $88.18. In contrast, SOL registered a 30.03% dip in trade volume to $2.19 billion in the last 24 hours. However, the XRP price decline didn’t come to a standstill as it saw a 0.15% decline, settling at $0.5152. In addition, XRP’s trading volume tumbled 39.61% to $852.62 million.
On the contrary, the Cardano price rose by 1.02% to $0.4712. However, it recorded a 35.42% drop in its 24-hour trading volume to $359.76 million. Meanwhile, in the meme coin domain, the Dogecoin price slipped by 0.22% to $0.07809 while its biggest competitor, Shiba Inu, gained 0.35% and traded at $0.000008848.
Also Read: Spot Ethereum ETF: US SEC Delays Decision on BlackRock’s Application
The Pepe Coin (PEPE), a one of the hyped meme cryptocurrencies, dipped slightly after a strong upswing in the trading session today. The Pepe Coin price slumped 0.11% to $0.000001028 with a market valuation of $432.11 million. Furthermore, its 24-hour trade volume plummeted by 31.78% to $48.85 million.
The Manta Network was the top gainer in the crypto market on January 25, despite the much volatile action of the top crypto prices. The MANTA crypto gained as much as 28% in Thursday’d trading session. At press time, the Manta Network price was up by 26% to $3.20 with its trade volume surging by a whopping 104.27% to $781 million.
Helium (HNT), the Helium network’s native crypto, registered a notable upswing as well. The Helium price soared by 23.83% to $6.98 In addition, its trade volume spiked by a staggering 138.50% to $31.49 million. Furthermore, it recorded a high of $7.15 amidst the bullish run today.
Also Read: Bitwise Innovates with On-Chain Transparency for Bitcoin ETF
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