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.