Cryptocurrency Update: At the start of the new year, on Monday, January 3rd, bitcoin price remained muted, losing its value over the past 24 hours. However, the gains made by some of the major crypto coins including Ethereum have stabilized the global cryptocurrency market, which has been rising slightly during the past day. The crypto market in general has been on a downtrend for some time, clashing with the discovery of the new COVID-19 variant Omicron, as investors stayed away. Amid Omicron’s fears, global traders have been avoiding riskier assets and investing in safer assets instead.
Bitcoin price again fell below the $48,000 mark on Monday. One unit of bitcoin, the world’s largest cryptocurrency by market cap, fell to $47,154.69. According to global crypto tracking website CoinMarketCap, it was down 0.26 percent in the last 24 hours and 7.35 percent in the last seven days.
He said, ‘It seems that the year 2022 has started very slowly. The bears have regained control, as the markets are in a consolidation phase, trying to recover from the bearish trend. BTC is down 8 percent week on week, and its dominance has fallen below 40 percent, which currently stands at 39.2 percent. The asset has fallen more than 30 percent from its ATH of $69,000. However, despite this decline, bitcoin gained 63 percent, YTD (2021),” ZebPay Trade Desk said in its weekly quote.
Ether, the world’s largest altcoin, though rose in the last 24 hours but remained below the $3,900 mark. Data shows that one coin of Ether or Ethereum was worth $3,821.25 at the time of writing this article. It was 1.95 per cent higher in the last 24 hours but 5.87 per cent lower in the last seven days.
According to CoinMarketCap data, the global crypto market cap stood at $2.25 trillion at the time of writing this article. This was an increase of 0.39 per cent in the last 24 hours. As more traders sold their coins, global crypto volume also increased significantly over the past days. The total volume of coins traded during the previous day was $80.21 billion. It has increased by 23.27 percent in the last 24 hours, the data said.
“Cryptocurrency markets have been in a consolidating phase over the past week. We saw trading volume remain volatile, but the lack of institutional activity hindered any major volatility. Over the past 24 hours, we have seen some decentralized exchanges. has increased buying volume, as seen from the price movement. If BTC and ETH manage to cross their psychological resistance levels at $50,000 and $4000 respectively, we could see a rally,” says Mudrex Edul Patel, CEO and Co-Founder of
PAPPAY became the top gainer in the crypto pack on Monday. In the last 24 hours, the price of a coin has increased by 691.37 percent. According to data from CoinMarketCap, the price of one token was $0.000003. Empire Capital Token and Capital Aggregator Token were the other two gainers to take the next top spot on the day. On the other hand, MetaKings was the top loser in the global crypto pack according to data worth $0.0003083. According to CoinMarketCap, the coin fell 99.98 percent throughout the day. CarsAutoFinance and MOTHEREARTH occupied the second and third positions, according to data from the same website.
Top 6 Cryptocurrency Gainers in the Last 24 Hours (According to Data from CoinMarketCap)
Pappas: $0.000003 – up to 691.37 percent
Empire Capital Token: $0.04332 – up 290.38 percent
Capital Aggregator Token: $0.000006699 – up to 228.88 percent
BabyKitty: $0.00000000001 – up to 199.47 percent
Domain Coins: $0.01533 – up to 182.44 percent
Infinity Doge: $0.00000000007351 – up to 176.38 percent
Top 6 Crypto Losers in the Last 24 Hours (According to CoinMarketCap Data)
MetaKings: $0.0003083 – 99.98 percent drop
CarsAutoFinance: $0.0012 – 88.00 percent less
MotherEarth: $0.003499 – down 82.14 percent
Galaxy Warfare: $0.1658 – 80.98 percent drop
ZEON: $0.0006515 – 72.41 percent drop
Ninjafloki: $0.000004117 – 71.59 percent down
read all breaking news, today’s fresh news And coronavirus news Here.
,