Bitcoin (BTC) suffered a major decline today. While market activity slowed, as usual on weekends, the price quickly fell below $51,000. As a direct result, the cryptocurrency market turns red. In this market update, we inform you about the current market situation, with the most striking price movements.
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View of the market
- At the time of writing, the total cryptocurrency market cap is $1.99 trillion, which is 2.3% lower than it was 24 hours ago.
- Bitcoin is currently priced at €47,069 on Dutch cryptocurrency exchange Bitvavo. The average price of Bitcoin across all major exchanges is $50,855. Bitcoin now controls 49.9% of the market. This percentage has decreased slightly since yesterday.
- $72.16 billion worth of cryptocurrencies were traded in the past day. This is about 28% lower than yesterday.
Faster risers, including CASP
Not the entire cryptocurrency market turned red today. Many altcoins managed to escape the decline, and some even had a good jump in prices. The top 50 rising coins are kaspa (KAS), filecoin (FIL), and celestia (TIA). Their performance was as follows over the past 24 hours:
- CASPA (CAS): +13.77%
- File Currency (FIL): +3.71%
- Celestia (TIA): +3.39%
- Uniswap (UNI): +3.05%
- Tron (TRX): +3.00%
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The hardest losers in cryptocurrencies, including vechain
The lion's share of the market lost a few percent today. However, there are no significant outliers in this regard. The top 50 decliners are vechain (VET), thochain (RUNE), and aptos (APT). Their performance was as follows over the past 24 hours:
- Fishin (veterinary medicine): -6.07%
- Thorshin (RON): -5.33%
- Aptos (APT: -4.09%
- Bitcoin Cash (BCH): -3.87%
- Optimism (OP): -3.66%
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Bitcoin price is solidly above $50,000, a big day is coming
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Market updates
Today's top crypto news
Today you can read that cryptocurrency lending platform Celsius, which went bankrupt in July 2022, distributed about $2 billion worth of Bitcoin and Ethereum (ETH) to creditors.
The bankruptcy procedures were completed successfully at the end of January, after which the repayment process began. As part of the reorganization plan, a new Bitcoin mining company called Ionic Digital was also created.
In total, Celsius will return $3 million, in cryptocurrencies and fiat currencies, to former clients.
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