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01/24 15:32

Cryptocurrency Prices Today January 23 BTC Backt

Cryptocurrency Prices Today January 23

BTC Backtracks To $102K, Meme Coins Mimic Dip

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.

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