Bitcoin price rose above $23,000 in early Wednesday Asian trading. Ether and the majority of the top ten non-stablecoin cryptocurrencies recovered from yesterday’s losses, buoyed by strong gains in US equities in January and optimism that the US economy is headed for a soft landing. Dogecoin led the pack, still benefiting from reports on Monday that long-time supporter and Twitter Inc. CEO Elon Musk is looking to bring payment systems to the social media platform.

Quick Facts

  • Bitcoin gained 1.3% to US$23,133 in the 24 hours to 8 a.m. in Hong Kong, bringing its seven-day gains to 2.2%. According to CoinMarketCap data, ether gained 1.2% to $1,586 and is up 1.9% for the week.
  • Dogecoin rose 8.7% to US$0.09, representing a 14.3% weekly increase. While the focus of Monday’s report was on adding fiat payments to Twitter, Musk left the door open for cryptocurrency to be added as well.
  • Cardano increased by 4.8% to $0.39, a gain of 8.7% in the last seven days. Polygon rose 2.1% to $1.11, for a weekly gain of 16.11%. Solana fell less than 0.1% to US$23.94, making it the only token to fall in the top 10, but it is still up 5.1% for the week.
  • The cryptocurrency market cap increased 1.4% to US$1.05 trillion, while total trading volume decreased 17.1% to US$47.26 billion.
  • On Tuesday, US equities rose. The Dow Jones Industrial Average gained 1.1%, the S&P 500 Index gained 1.5%, and the Nasdaq Composite Index gained 1.7% on the day.
  • The performance on Tuesday caps off a strong first month of 2023 for equity markets. The S&P 500 gained 6.2% in the last 31 days for its best January since 2019, while the Nasdaq gained 10.7% in the same period for its best January since 2001.
  • Markets rose on the back of strong earnings from Exxon Mobil Corp and Pfizer Inc., both of which reported record profits due to rising oil prices and the continued production of the Covid-19 vaccine.
  • The Federal Reserve of the United States sets interest rates on Wednesday at 2 p.m. Eastern Time. CME Group analysts predict the Fed will raise rates by 25 basis points, breaking a streak of 50 and 75 basis point increases since March of last year.
  • The Fed’s aggressive rate hikes last year appear to be having the desired effect on inflation control. The Employment Cost Index, released on Tuesday, added 1.0% last quarter, the smallest gain since the end of 2021. The consumer price index in the United States rose 6.5% year on year in December, well below the 7.1% increase in November and the largest monthly decline since April 2020.
  • This week brings earnings from technology leaders such as Apple Inc., Amazon.com Inc., and Alphabet Inc., the parent company of search engine Google. Non-farm payroll data, another key inflation indicator, will be released on Friday.

Bitcoin, Ether, and the top ten non-stablecoin cryptocurrencies all fell in early Asian trading on Tuesday, wiping out the majority of Monday’s gains. Cryptocurrencies fell alongside equity markets in the United States overnight, as traders appeared to be taking profits ahead of this week’s Federal Reserve meeting on rates and a slew of technology earnings. Solana was the leader of the losers. Dogecoin recovered some of its losses following reports that Twitter Inc. CEO Elon Musk is looking to add payment systems to the social media platform, and he is a known supporter of the token.

Quick Facts

Bitcoin fell 3.9% to US$22,836 in the 24 hours to 8 a.m. in Hong Kong, bringing its seven-day loss to 0.6%. According to CoinMarketCap data, ether fell 4.8% to $1,566 on Tuesday morning and is down 3.8% for the week.

Solana fell 8.1% to US$23.91, a 1.8% drop over the week after the token saw the biggest gains in CoinMarketCap’s top 10 list on Monday.

Cardano fell 6.3% to US$0.37, a 1% drop in seven days. Polygon fell 7.5% to $1.09, but was still up 9% since last Tuesday.

Dogecoin, the leading memecoin, fell 1.5% to US$0.08, bringing its weekly losses to 1%. The Financial Times reported on Monday that Musk, the world’s second-richest person, is considering adding payment systems to Twitter, which could include cryptocurrency. Musk has long been a supporter of Dogecoin.

Equities in the United States fell on Monday. The Dow Jones Industrial Average fell 0.8%, while the S&P 500 Index fell 1.3%. The Nasdaq Composite Index fell 2% for its worst trading day in five weeks.

The Fed meets on January 31 and February 1 and is expected to raise interest rates by 25 basis points, breaking a streak of 50 or 75 basis point hikes since last March in an attempt to slow the pace of inflation. The rate decision is scheduled for Wednesday.

Last year’s aggressive rate hikes by the Fed appear to have had the desired effect on inflation. The consumer price index in the United States rose 6.5% year on year in December, down from 7.1% in November and the largest monthly decline since April 2020.

Investors are also anticipating earnings reports from technology leaders such as Apple Inc., Amazon.com Inc., and Alphabet Inc., the parent company of search engine Google, this week. Non-farm payroll data, another key inflation indicator, will be released on Friday.

The global crypto market surpassed $1.08 trillion on a day of gains across the board for the overall market. Bitcoin (BTC) and Ethereum (ETH), two of the most popular crypto coins, both remained stable in the $23,000 and $1,600 ranges, respectively. Other popular altcoins, such as Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC), also saw gains. With a 24-hour gain of more than 18 percent, the MINA token became the top gainer.

At the time of writing, the global crypto market cap was $1.08 trillion, representing a 1.82 percent 24-hour gain.

Bitcoin price today
According to CoinMarketCap, the price of bitcoin was $23,740.20, representing a 2.36 percent gain in a 24-hour period. According to the Indian exchange WazirX, the price of Bitcoin was Rs 20.13 lakhs.

Ethereum price today
At the time of writing, the price of ETH was $1,640.01, a 2.87 percent increase in 24 hours. According to WazirX, the current price of Ethereum in India is Rs 1.38 lakhs.

Dogecoin price today
DOGE gained 0.95 percent in a 24-hour period, according to CoinMarketCap data, and is currently trading at $0.08956. According to WazirX, the Dogecoin price in India is Rs 7.53.

Litecoin price today
Litecoin gained 0.33 percent in a 24-hour period. It was trading at $95.10 at the time of writing. In India, the price of LTC was Rs 8,000.

Ripple price today
The price of XRP was $0.4145, up 0.97 percent in 24 hours. According to WazirX, the current price of Ripple is Rs 34.82.

Solana price today
Solana was trading at $25.52, up 6.01 percent in 24 hours. According to WazirX, the SOL price in India was Rs 2,153.

On Friday, most cryptocurrencies extended their losses. The global crypto market cap was $1.03 trillion, with $55.1 billion in volume in the previous 24 hours.

Bitcoin
Bitcoin, the world’s largest and most popular virtual currency, dropped 1.7 percent to $22,760.1. Its market capitalization was $438.2 billion. The total value of trade was $26.3 billion. In the last seven days, the token has increased by more than 7%.

Ethererum
The second largest virtual currency, fell 2.9 percent to $1,567.1, with a market capitalisation of $191.9 billion. In the last 24 hours, Ethereum’s trade volume was $8.6 billion. In the last seven days, the token has gained 0.9 percent.

Dogecoin
Dogecoin, a meme-based virtual currency, fell 2.5 percent on Friday. Its market capitalization was $11.2 billion. The total trade volume was $447.9 million.

Solana
Solana fell 4.3 percent to $23.7, with a $8.8 billion market capitalisation. Solana’s trade volume in the last 24 hours was $809.3 million.

Shiba Inu
Shiba Inu fell 2.3 percent to $6.3 billion in market capitalisation. In the last 24 hours, the trade volume was $229.5 million.

Polygon
Polygon increased by 8.1 percent to $1.1 and now has a market capitalisation of $9.4 billion. In the last 24 hours, the trade volume was $1.1 billion.

 

Bitcoin price rose today, with the world’s largest and most popular cryptocurrency trading about 3% higher at $23,202. According to CoinGecko data, the global crypto market cap has increased by more than 3% in the last 24 hours to $1.09 trillion.

However, Ether, the second largest cryptocurrency and the coin linked to the Ethereum blockchain, increased by more than 5% to $1,623. Meanwhile, the price of dogecoin today was over 4% higher at $0.08, while Shiba Inu was up over 6% at $0.000011.

Tether, Stellar, XRP, Polkadot, Chainlink, XRP, Solana, Avalance, Polygon, Apecoin, Tron, Solana, Litecoin, and Uniswap prices have all improved in the last 24 hours, as have Tether, Stellar, XRP, Polkadot, Chainlink, XRP, Solana, Litecoin, and Uniswap.

The crypto sector is also still dealing with the fallout from the FTX exchange’s demise. Bitcoin and a gauge of the top 100 tokens both lost more than 60% of their value last year, dragged down by rising borrowing costs and a string of crypto meltdowns. According to CoinGecko data, the overall market value of digital tokens increased by about $250 billion in January.

Many investments soared at the start of 2023 on bets that central banks will slow or even reverse interest-rate hikes in the months ahead. However, the upbeat outlook is vulnerable to reversals, such as if the Federal Reserve, at its policy meeting next week, pushes back against dovish expectations in the ongoing battle against inflation.

In other news, Bloomberg reported that Celsius Network LLC is considering issuing a new digital-asset token to repay creditors as part of a proposal to reorganise and exit bankruptcy as a regulated crypto platform.

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 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.
 

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