TAO up +23.47%, BTC +2.90%, Bittensor is The Coin of The Day – Daily Market Update for Jan 30, 2024 | CoinCodex

Key highlights:

• The whole cryptocurrency market cap elevated from $ 1.63T to $ 1.67T prior to now 24 hours, representing a 2.50% change
• The Bitcoin value at press time is $ 43,365 after rising by 2.90% within the final 24 hours
• The whole crypto buying and selling quantity elevated by 2.50% prior to now 24 hours, and is at present at $ 169.14B
• All costs and modifications are introduced on the time of publication: January 30, 2024, at 06:00 UTC

Market Overview

The whole cryptocurrency market cap is at present $ 1.67T after a 2.50% improve on the day. The whole crypto buying and selling quantity elevated by 2.50% in the identical time-frame.

Bitcoin is buying and selling at $ 43,365 after seeing a 2.90% acquire within the final 24 hours. The Bitcoin dominance grew by 0.25% and BTC at present represents 50.81% of the cryptocurrency market.

High Cash By Market Cap

At press time, Bitcoin has a market capitalization of $ 850.51B after gaining 2.90% within the final 24 hours. In accordance with our forecast, the worth of Bitcoin will drop by -3.74% and attain $ 41,745 by February 4, 2024. To study extra about how the value of Bitcoin might change over the subsequent 7 days, go to our Bitcoin value prediction web page.

Ethereum, which is the second-largest cryptocurrency by market cap, is priced at $ 2,311.76 and has a market capitalization of $ 277.84B. ETH elevated by 1.67% within the final 24 hours. Should you’re taken with the place the value of Ethereum might head subsequent, take a look at the Ethereum value prediction.

Bears Dominate the Market As we speak

The bears dominated the market as we speak as 78% of cash misplaced worth within the final 24 hours.

As we speak’s High Gainers are Bittensor, Pendle, and Sui Crypto

Because of a 23.47% value improve, Bittensor was the most important gainer of the day among the many prime 200 cryptocurrencies by market cap. Pendle got here in second place, with 24-hour beneficial properties of 18.75%. Sui Crypto, Rollbit Coin and SuperFarm full as we speak’s record of the highest cryptocurrency gainers.

As we speak’s High Losers are Ribbon Finance, Conflux Community, and Aleph Zero

Sadly, not all cash carried out effectively as we speak. The worst performer within the cryptocurrency prime 200 was Ribbon Finance, which noticed a lack of -9.31%. Conflux Community additionally did not carry out effectively, as its value declined by -6.54% within the final 24 hours. Aleph Zero, Mantle and Injective spherical out as we speak’s prime 5 worst performers.

Bittensor reached new All-Time Excessive after gaining +55.55% within the final month

The next cash within the cryptocurrency prime 200 hit new all-time excessive costs as we speak:

Congratulations to the HODLers!

Coin of the Day is Bittensor

Because of its spectacular 23.47% efficiency, Bittensor is as we speak’s coin of the day! Bittensor is at present buying and selling at $ 433.16. Be taught extra about Bittensor and its place available in the market on our Bittensor value prediction web page.

Our technical indicators present that the present Bittensor sentiment is Bullish.

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