Bitcoin and Ether fell in early Wednesday morning Asian trading, along with the other top ten non-stablecoin cryptocurrencies, as investors appeared to be taking profits after the year’s strong gains. Polkadot suffered the greatest loss. US equities were mixed on Tuesday as a result of Microsoft’s lower earnings guidance and the release of the US purchasing managers index, or PMI. The index, which measures business trends, was 46.6. While this exceeded expectations, a number less than 50 indicates that the economy is contracting.

Important Facts

Bitcoin traded 1.3% lower in the 24 hours to 8:45 a.m. in Hong Kong, at US$22,688, but was still up 6.8% in the previous calendar week. According to CoinMarketCap data, ether fell 4.6% to $1,555, losing 1.2% for the week.

Polkadot dropped 6.7% to US$6.15, the biggest drop on the top ten list. The token is still up 2.8% year to date.

Solana fell 5.7% to US$22.92, bringing the weekly loss to 0.2%. Cardano fell 5.7% to US$0.35, but was still up 2.1% for the week.

Over the last 24 hours, total crypto market capitalization fell 2.2% to US$1.03 trillion, while trading volume fell 6.4% to US$52.7 billion.

The Dow Jones Industrial Average rose 0.3% in the United States, while the S&P 500 Index fell 0.1%. The tech-heavy Nasdaq Composite Index fell 0.3% on the day.

Microsoft Corp reported better-than-expected earnings for the December quarter, but the stock fell 1.4% to $238.75 after the company’s earnings guidance for the next quarter disappointed investors.

The composite Purchasing Manager’s Index (PMI) for January, released on Tuesday, showed a contraction in private sector demand, with firms citing subdued customer demand and inflation denting client spending.

To try to slow inflation, the Federal Reserve of the United States raised interest rates by 50 basis points last month, to between 4.25% and 4.5%, the highest level in 15 years. Fed members will be in a “blackout period” before meeting to decide on the next interest rate move on January 31-February 1. CME Group analysts predict a 99.8% chance of a 25 basis point increase.

On Tuesday, cryptocurrency prices were mixed. The global crypto market cap was $1.05 trillion, with $55.7 billion in volume in the previous 24 hours.

Bitcoin
Bitcoin, the world’s largest and most popular virtual currency, gained 1.4 percent to $23,018. Its market capitalization was $442.9 billion. The total value of trade was $26.4 billion.

“The price increase could be attributed to BTC whales amassing and driving up the price.

Ethererum
The second largest virtual currency, fell 0.1 percent to $1,634.2, with a market capitalisation of $199.6 billion. In the last 24 hours, Ethereum’s trade volume was $8.2 billion.

Dogecoin
Dogecoin, a meme-based virtual currency, rose 0.5 percent on Tuesday. Its market capitalization was $11.8 billion. The total trade volume was $647.7 million.

Solana
Solana gained 0.7 percent to $24.5, with a market cap of $9 billion. Solana’s trade volume in the last 24 hours was $839.9 million.

Shiba Inu
Shiba Inu fell 0.5 percent to $6.6 billion in market capitalisation. In the last 24 hours, the trade volume was $252.4 million.

Polygon
Polygon fell 0.4 percent to $1, with a $8.7 billion market capitalisation. In the last 24 hours, the trade volume was $395.6 million.

On Monday, cryptocurrency prices were mixed. The global crypto market cap was $1.04 trillion, with $51.84 billion in volume in the previous 24 hours.

Bitcoin
Bitcoin, the world’s largest and most popular virtual currency, dropped 0.2 percent to $22,747.6. Its market capitalization was $438.2 billion. The total value of trade was $24.2 billion. In the last seven days, the token has risen 7.4 percent.

“Bitcoin climbed above the $22,900 level over the weekend, the highest in the past five months, as bullish sentiment returned to the market. The current support level is $22,700, and the resistance level is $22,900.

Ethererum
The second largest virtual currency, rose nearly 1.5 percent to nearly $1,640, with a market capitalisation of $200.6 billion. In the last 24 hours, Ethereum’s trade volume was $7.3 billion. In one week, the token has increased by 4.6 percent.

Dogecoin
Dogecoin, a meme-based virtual currency, increased by 7.3 percent on Monday. Its market capitalization was $12 billion. The total trade volume was $841.9 million.

Solana
With a market capitalisation of $9.2 billion, Solana fell 0.5 percent to $24.8. Solana’s trade volume in the last 24 hours was $1 billion.

Shiba Inu
Shiba Inu market capitalisation fell 1.5 percent to $6.7 billion. In the last 24 hours, the trade volume was $389.5 million.

Polygon
Polygon fell 1% to $0.9, with a $8 billion market capitalisation. In the last 24 hours, the trade volume was $389.5 billion.

As a result, astute investors are always on the lookout for good projects that are conducting presales. This enables them to invest in promising crypto projects at lower costs and profit handsomely if and when the token rallies upon launch. With this in mind, we’ve compiled a list of the best presales to look out for this month.
 
When the project is finally launched and its token is listed on exchanges, the price of the token could skyrocket, resulting in massive gains for presale investors. As a result, astute investors are always on the lookout for good projects that are conducting presales. This enables them to invest in promising crypto projects at lower costs and profit handsomely if and when the token rallies upon launch.
 
With this in mind, we’ve compiled a list of the best presales to look out for this month.

Metacade

Metacade is the world’s first community-run blockchain-based play-to-earn (P2E) arcade. It is based on the Ethereum network and promises to provide players and crypto enthusiasts with a fun and fulfilling gaming experience. CertiK has verified the project, and it has a solid growth roadmap; these are good indicators of future potential.
 
As a result, the project’s cryptocurrency sale has drawn thousands of investors. Indeed, the first stage of Metacade’s presale sold out in a matter of weeks. The project was able to raise nearly $2.85 million in the process, with one MCADE (the project’s native cryptocurrency) selling for $0.01. The second stage of Metacade’s presale is currently underway, with MCADE priced at $0.012. The project has already raised $3 million of its $4.5 million goal, and the presale could sell out quickly.

FightOut

This is yet another enthralling presale that has the cryptoverse buzzing. FightOut is a project that rewards users for their workouts, daily steps, and other similar activities. The project also intends to build a chain of gyms in major cities around the world. Users can pay for their membership with tokens earned while playing the game. Furthermore, unlike most other M2E games, the platform does not have a high initial investment. This eliminates the entry barrier that most NFT-based move-to-earn games have.
 
The first presale stage of the project went live in mid-December and sold out in less than a week, raising $2.5 million. The 50 percent bonus offer could be the reason for the project’s success. Users who participate in the presale while this offer is still active will receive free tokens worth up to 25% of their purchase price. If the user chooses a vesting period of 24 months, they will receive free tokens worth up to 25% of the purchase price. The project is nearing the end of its presale, having raised $3 million of its $5 million goal. The presale will end on March 31.

Calvaria

This is yet another P2E project causing a stir in the cryptoverse. Calvaria is an NFT card game in which players battle other players, earn cryptocurrency, and upgrade their warriors to become the ultimate force on the battlefield. Some of the industry’s biggest names have backed the project, including KuCoin and Polygon Studios. According to multiple sources, Calvaria has already secured listings on Changelly and BKEX, as well as a wallet integration agreement with KuCoin.
 
As a result, its presale is heating up. Within weeks of the presale going live, the project was able to raise $2 million. The project had raised $2.86 million of its $3.07 million target at the time of writing, leaving only a few tokens for sale. Because it is listed on so many reputable crypto exchanges, prices may rise once the presale ends.

RobotEra

RobotEra is a platform that spans multiple universes. Users will dress up as robot avatars and scour the virtual world for resources, manage land patches, and contribute to the creation of the robot era. The project is based on established metaverse platforms such as Sandbox and Decentraland, which have performed exceptionally well since the beginning of the year. The game also has a variety of activities that users can participate in to earn cryptocurrency and upgrade their bots.
 
The project’s first presale round went live in November 2022, raising $733,613 of its $1.8 million target. TARO, the project’s native token, was priced at $0.20 during this presale round. However, in the second round of presale, the price of TARO will be increased to $0.25.

Meta Masters Guild

This is possibly the most promising presale of the bunch. Meta Masters Guild bills itself as the first web3 mobile gaming guild in the world. The platform’s website states that its goal is to “create fun and addictive games with playable NFTs, where our community can earn rewards, stake, and trade.” The platform is already developing three games, one of which is scheduled for release later this year.
 
The presale for the project was a huge success, raising $50,000 in the first 24 hours and $516,000 in the first week. MEMAG, the platform’s native cryptocurrency, is priced at $0.007 during its first presale round. MEMAG, on the other hand, will be priced at $0.023 by the project’s seventh presale round, representing a 228 percent gain in the presale alone. At the time of writing, round one of the presale had raised $ 704,139 of its $1.12 million target, with the round set to end on January 29.

Conclusion

Crypto presales are an excellent way to invest in a project early on. They can also provide significant gains if the project takes off after it is listed. However, not all projects are guaranteed to succeed right away, and some may even fail. As a result, it is critical to conduct your own research and invest only what you can afford to lose.
On Friday, cryptocurrency price increased. The market capitalization of all cryptocurrencies was $982.3 billion, with a volume of $40.2 billion over the previous day.
 
Bitcoin
The biggest and most well-known virtual currency in the world, Bitcoin, increased 1.9 percent and once more traded beyond the $21,000 threshold. The token’s price at the most recent count was $21,107.9. A $406.6 billion market value was assigned to it. The value of the trades was $21 billion.
 
“After falling to $20,000 the day before, Bitcoin rose above $21,000 to reclaim its floor. The breakout could shortly result in a rise of US$21,400 if the daily bar closes above the present amount. The downturn may continue to the 19,500-$20,000 range, yet, if BTC drops below the present level, it would reaffirm the sellers’ power “said Mudrex CEO and Co-Founder Edul Patel.
 
Ethererum
The second-largest virtual currency, increased by 2.5 percent to $1,555 and has a market value of $190.3 billion. In the previous day, $6.3 billion worth of Ethereum was traded.
 
Dogecoin
Dogecoin, a virtual currency based on memes, increased by 0.4 percent to $0.1. It had a market value of over $10.8 billion. There were $326.9 million worth of transactions.
 
Solana
Solana increased 0.8 percent to $21.4 and now has a $8 billion market cap. In the past 24 hours, Solana saw trades of $779.7 million.
 
Shiba Inu
Shiba Inu market capitalization increased by 4.3 percent to around $6.4 billion. In the previous 24 hours, there were $371.8 million in transactions.
 
Polygon
Polygon increased 1.2 percent to $0.9 and now has a $8.4 billion market cap. In the previous 24 hours, there were $322.5 million in trades.
When it comes to cryptocurrencies, Bitcoin price today continued to fall after breaking a rare 14-day winning streak as a cautious mindset replaced the risk-taking that fueled the rise of several assets at the beginning of the year. At $20,759, the value of the biggest cryptocurrency in the world was down almost 3%. According to data from CoinGecko, the global crypto market valuation today was down nearly 4% in the previous 24 hours to $1 trillion.
 
“As the market reacted to the American crackdown on the Bitzlato exchange, most cryptocurrencies experienced a fall. Bitcoin momentarily broke through its resistance at $21,480 but was unable to hold the gains, possibly luring short-term traders to take profits. If it can surpass $21,400, it might draw buyers and raise the price even further. Ethereum was able to overcome the $1,600 barrier but was unable to close above it. According to Edul Patel, CEO & Co-Founder of Mudrex, “Its current immediate support is around $1,490, while its current resistance is at $1,550.
 
According to Bloomberg, although Bitcoin’s 14-day relative strength index has decreased from above 90, it is still higher than 70, the level that is considered to be overbought. That suggests that Bitcoin’s projected 2023 growth would stall, according to some strategists.
 
The second-largest cryptocurrency, Ether, which is connected to the Ethereum network, also fell more than 4% to $1,526. Shiba Inu’s price fell more than 11% to $0.000011 while Dogecoin’s price was over 6% lower at $0.08.
 
The performance of other cryptocurrencies today also declined as prices for Tether, Stellar, XRP, Polkadot, Chainlink, Solana, Avalance, Polygon, Apecoin, Tron, Solana, Litecoin, and Uniswap had fallen over the previous 24 hours.
 
A measure of the top 100 tokens and Bitcoin have both increased by more than 20% this year, reversing at least a portion of the decline in digital assets from the previous year. The belief that crippling interest rate increases are ending as inflation declines has contributed significantly to this. Since their peak in November 2021, cryptocurrencies have lost roughly $2 trillion. The effects of the demise of the FTX exchange are still being felt by the cryptocurrency industry.
 

In a report to creditors on Tuesday, bankrupt crypto exchange FTX stated that approximately $415 million in cryptocurrency had been stolen as a result of hacks.

Since the company’s bankruptcy filing on November 11, $323 million in cryptocurrency has been stolen from its international exchange, and $90 million has been stolen from its US exchange, according to CEO John Ray in a separate statement on Tuesday.

Sam Bankman-Fried, the founder of FTX, has been accused of stealing billions of dollars from FTX customers to pay debts owed by his crypto-focused hedge fund, Alameda Research. Bankman-Fried has pleaded not guilty to the charges of fraud.

FTX told a Delaware bankruptcy judge last week that it had recovered more than $5 billion in cryptocurrency, cash, and liquid securities nine weeks after declaring bankruptcy.

On Tuesday, the company revealed that it had recovered $1.7 billion in cash, $3.5 billion in liquid cryptocurrency, and $300 million in liquid securities.

FTX did not provide a total liability estimate, but stated that it had identified significant shortfalls at both its international and US crypto exchanges.

“We are making progress in our efforts to maximise recoveries,” Ray said in a statement.

Based on crypto prices on November 11, 2022, the recovered crypto assets include $685 million in Solana, $529 million in FTX’s proprietary FTT token, and $268 million in bitcoin. Solana, which Bankman-Fried praised, lost the majority of its value by 2022.

FTX discovered a November asset seizure by the Securities Commission of the Bahamas during its initial investigation into system hacks, resulting in a dispute between FTX’s US-based bankruptcy team and Bahamian regulators.

The two parties reached an agreement in January, and Ray announced on Tuesday that the Bahamian government was holding $426 million for creditors.

During a Tuesday event at the Atlantic Council in Washington, Bahamas Prime Minister Philip Davis mentioned the dispute, saying Ray’s team had “come around” and accepted that the Bahamian asset seizure “was appropriate and perhaps has saved the day for many of the investors in FTX.”

On Wednesday, cryptocurrencies increased in value. The market capitalization of all cryptocurrencies was $993.2 billion, with a volume of $47.1 billion over the previous day.
 
Bitcoin
The biggest and most well-known virtual currency in the world, Bitcoin, increased 1.1 percent to $21,322.1. At the time, it had a $409 billion market value. There were around $24 billion worth of transactions.
 
Ethereum
The second-largest virtual currency, Ether, which has a market worth of $193 billion, rose 1.6 percent to $1,587.2 at the most recent count. In the previous day, Ethereum trades were worth roughly $7.1 billion.
 
Dogecoin
Dogecoin, a virtual currency based on memes, increased by 5.7 percent to $0.1. The market price for it was $8.8 billion. There were over $397.3 million worth of transactions.
 
Shiba Inu
Shiba Inu saw a 22.2 percent increase in market value, reaching about $6.9 billion. In the previous 24 hours, there were roughly $540.2 million in trades.
 
Solana
Solana decreased 0.3 percent to $23.1 and now has a $8.6 billion market cap. In the previous 24 hours, Solana saw $922.2 million in trading.
 
Polygon
Polygon has a market capitalization of $8.8 billion and was trading flat at $1. In the previous 24 hours, there were $396.4 million in transactions.
On Tuesday, the majority of cryptocurrencies fell. The global crypto market cap was $982.1 billion, with $52.7 billion in volume in the previous 24 hours.
 
Bitcoin
Bitcoin, the world’s largest and most popular virtual currency, dropped 0.6 percent to $21,084.7. Its market capitalization was $404.7 billion. The total value of trade was nearly $26 billion.
 
Ethereum
The second largest virtual currency, fell 0.9 percent to $1,559.5, with a market capitalisation of $190.3 billion. In the last 24 hours, Ethereum’s trade volume was $8.4 billion.
 
Dogecoin
Dogecoin, a meme-based virtual currency, fell 4.3 percent on Tuesday. Its market value was close to $11 billion. The total trade volume was $505.1 million.
 
Solana
Solana fell 1.5 percent to $23.2, with a $8.6 billion market capitalisation. Solana’s trade volume in the last 24 hours was $1.5 billion.
 
Shiba Inu
Shiba Inu market capitalisation fell nearly 3% to $5.8 billion. In the last 24 hours, the trade volume was $340.5 million.
 
Polygon
Polygon fell 1.3 percent to $1, with a $8.8 billion market capitalisation. In the last 24 hours, the trade volume was $640.4 billion.
Quick analysis of the cryptocurrency price on January 16: Over the weekend, the global market capitalization surpassed $1 trillion, but then fell back.
 
Bitcoin (BTC), the world’s oldest cryptocurrency, has surpassed the $21,000 mark for the first time since the FTX collapse in November of last year. Ethereum (ETH) followed suit, remaining in the $1,500 range on Monday morning. Over the weekend, the global crypto market cap surpassed $1 trillion for the first time since November, but has since fallen back to the $990 billion range as the week begins. Other popular altcoins, such as Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC), also made it into the greens.
 
At the time of writing, the global crypto market cap was $991.30 billion, representing a 1.89 percent 24-hour gain.
 
Bitcoin price today
According to CoinMarketCap, the price of bitcoin was $21,200.62, representing a 1.79 percent gain in a 24-hour period. BTC was trading at Rs 17.80 lakhs on the Indian exchange WazirX.
 
Ethereum price today
At the time of writing, the price of ETH was $1,570.03, representing a 2.81 percent 24-hour gain. According to WazirX, the current price of Ethereum in India is Rs 1.32 lakhs.
 
Dogecoin price today
DOGE gained 2.09 percent in a 24-hour period, according to CoinMarketCap data, and is now worth $0.08678. According to WazirX, the Dogecoin price in India is Rs 7.26.
 
Litecoin price today
Litecoin gained 0.76 percent in a 24-hour period. It was trading at $87.68 at the time of writing. In India, the price of LTC was Rs 7,394.99.
 
Ripple price today
The price of XRP was $0.4047, up 3.73 percent in 24 hours. Ripple’s current price is Rs 33.70, according to WazirX.
 
Solana price today
Solana was trading at $23.28, up 1.08 percent in 24 hours. According to WazirX, the SOL price in India was Rs 1,990.

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