On Wednesday, the global crypto market was in the red as the prices of Bitcoin dipped by 1.87 percent. Other popular cryptocurrencies also witnessed a drop in their value.
On 25 January, Bitcoin, the world’s biggest crypto, lost 1.87 percent over the last 24 hours. However, crypto is comfortable above $22,000 levels and is currently trading at $22,649.92. The second largest cryptocurrency, Ethereum, dropped by 5.37 percent to $1,548.25, at the time of writing this article (1030 IST).
Today, most of the top altcoins were trading with cuts today. Solana declined by 7.22 percent, Polygon fell by 4.57 percent, XRP lost 3.20 percent, and Polkadot decreased by 6.73 percent since the previous day. Even privacy coins like Monero lost 5.55 percent. However, tokens like UNUS SED LEO and Quant gained by 0.99 percent and 6.38 percent, respectively.
Gainers and Losers
The top gainer of today was Threshold, which witnessed a growth of 13.65 percent in its value. On the other hand, Flow was the top decliner of the day, with a 13.20 percent drop in its prices. Optimism, Chiliz, and Rocket Pool were also among the top losers.
The global crypto market cap stood at $1.02 trillion, having declined by 3.22 percent since the last 24 hours. Contrastingly, the total crypto market volume increased by 0.92 percent to $56.67 billion.
Meme coins in the red
Meme coins, too, registered a dip in prices. Elon Musk-backed Dogecoin declined by 6.22 percent and is trading at $0.08417. Another canine-based meme coin, Shiba Inu, fell by 7.16 percent to $0.00001124.
Metaverse tokens down
A majority of the metaverse tokens were trading lower today. Tokens like ApeCoin, Decentraland, Axie Infinity, and The Sandbox lost 6.09 percent, 9.69 percent, 7.40 percent, and 8.86 percent, respectively.
