Bitcoin price today | Crypto Prices Today: Bitcoin Continues to Drop $39,000 as AKT and BLUR Rise

Prices in the crypto market continued to fall today, with major cryptocurrencies bleeding due to selling pressure from traders. Bitcoin (BTC), the largest cryptocurrency by market cap, fell below the $40,000 mark, while some smaller altcoins outperformed the major players in the space.

Today's crypto prices point to notable lows for both Bitcoin and Ethereum (ETH). This came after the hype surrounding spot Bitcoin ETFs began to die down. However, crypto analysts are viewing the recent downtrend as an opportunity to “buy the dip” as they are optimistic about the long-term potential of the crypto space.

Important crypto prices today

The price of Bitcoin, the world's oldest cryptocurrency, fell below $39,000 and then recovered. Bitcoin price recorded a 1.25% decline, settling at $39,637.47 at the time of writing on Wednesday, January 24th. At the same time, trading volume fell by 1.99% to $30.19 billion in the last 24 hours. The digital currency had a market capitalization of $777.14 billion

In other cryptocurrencies, Ethereum price fell 5.47% to $2,218.93 at press time. On the contrary, trading volume increased by 21.76% and reached $16.59 billion. Additionally, Binance Coin (BNB) fell 4.85% to $295.80, while its 24-hour trading volume increased 14.81% to $1.06 billion.

Furthermore, Solana experienced a 2% price drop and settled at $84.05. On the contrary, trading volume increased by 19.62% to $3.14 billion. While XRP recorded a 2.82% decline to reach $0.5158, trading volume increased by 25.92% to $1.41 billion.

Meanwhile, the price of Cardano fell by 3.72% to $0.4665. However, the company saw its 24-hour trading volume increase by 26.13%, reaching $557.39 million. While Dogecoin fell 3.29% to $0.07833 on the much-touted meme coin market, its rival Shiba Inu plunged 8.35% to trade at $0.000008804.

Also Read: Ethereum ETFs: Hester Pierce Claims SEC Won’t “Repeat the Same Mistakes”

Top crypto winners and losers today

Pepe Coin, a trending meme cryptocurrency, caused further losses as traders switched to other, safer options. The price of Pepe coin collapsed by 3.60% to $0.000001029. At the same time, trading volume increased by 16.54% to $71.54 million.

Akash Network (AKT), an AI cryptocurrency, registered a 14% increase, defying bearish market sentiment. AKT price rose 14.38% to $2.76 with a market cap of $623.39 million. In contrast, the 24-hour trading volume fell by 14.51% to $5.76 million.

Blur (BLUR), one of the trending virtual currencies, also saw a significant increase. Blur's value increased by 8.88% to $0.664. Furthermore, trading volume increased by 50.08% to $405.74 million. Furthermore, it reached a high of $0.6667 during the upward rally.

Also Read: Jim Cramer Bets on 'Numbers Falling' Theme as Bitcoin Falls 20% from Peak

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