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BTRST up +69.40%, BTC -1.24%, Pendle is The Coin of The Day – Daily Market Update for Jan 22, 2024 | CoinCodex

Key highlights:

  • The entire cryptocurrency market cap decreased from $ 1.65T to $ 1.64T up to now 24 hours, representing a -0.64% change
  • The Bitcoin worth at press time is $ 41,112 after falling by -1.24% within the final 24 hours
  • The entire crypto buying and selling quantity decreased by -0.64% up to now 24 hours, and is presently at $ 115.69B
  • All costs and modifications are offered on the time of publication: January 22, 2024, at 06:00 UTC

Market Overview

The entire cryptocurrency market cap is presently $ 1.64T after a -0.64% lower on the day. The entire crypto buying and selling quantity declined by -0.64% in the identical timeframe.

Bitcoin is buying and selling at $ 41,112 after seeing a -1.24% loss within the final 24 hours. The Bitcoin dominance fell by -0.37% and BTC presently represents 49.03% of the cryptocurrency market.

Prime Cash By Market Cap

At press time, Bitcoin has a market capitalization of $ 805.99B after dropping -1.24% within the final 24 hours. In line with our forecast, the worth of Bitcoin will elevate by 3.00% and attain $ 42,346 by January 27, 2024. To study extra about how the value of Bitcoin may change over the following 7 days, go to our Bitcoin worth prediction web page.

Ethereum, which is the second-largest cryptocurrency by market cap, is priced at $ 2,430.56 and has a market capitalization of $ 292.10B. ETH decreased by -1.99% within the final 24 hours. In the event you’re considering the place the value of Ethereum may head subsequent, try the Ethereum worth prediction.

Bears Dominate the Market At this time

The bears dominated the market in the present day as 89% of cash misplaced worth within the final 24 hours.

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At this time’s Prime Gainers are Braintrust, Pendle, and UMA

Due to a 69.40% worth improve, Braintrust was the largest gainer of the day among the many high 200 cryptocurrencies by market cap. Pendle got here in second place, with 24-hour features of 8.58%. UMA, IoTeX and Raydium full in the present day’s record of the highest cryptocurrency gainers.

At this time’s Prime Losers are Dogwifhat, Sei, and Pocket Community

Sadly, not all cash carried out effectively in the present day. The worst performer within the cryptocurrency high 200 was Dogwifhat, which noticed a lack of -13.44%. Sei additionally did not carry out effectively, as its worth declined by -8.11% within the final 24 hours. Pocket Community, OriginTrail and Gasoline spherical out in the present day’s high 5 worst performers.

Pendle reached new All-Time Excessive after gaining +106.10% within the final month

The next cash within the cryptocurrency high 200 hit new all-time excessive costs in the present day:

Congratulations to the HODLers!

Coin of the Day is Pendle

Due to its spectacular 8.58% efficiency, Pendle is in the present day’s coin of the day! Pendle is presently buying and selling at $ 2.36. Be taught extra about Pendle and its place out there on our Pendle worth prediction web page.

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

Purchase/Promote Pendle

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