The crypto prices today were near the flatline, as investors seem to be assessing the potential future moves of the market. Meanwhile, the recent volatile trading and the high selling pressure have dampened the market sentiment, while refraining many traders from taking part in further trading activities.
However, the market pundits attributed the recent sell-off in the market to short-term volatility due to the Spot Bitcoin ETF approval. On the other hand, many have argued that the downturn momentum in the market could be due to the fading optimism over Spot Bitcoin ETF. Meanwhile, the Spot ETF approval optimism has sent Bitcoin price to around $49,000 before it reversed its course, currently standing near the $43,000 mark.
Major Crypto Prices To Watch
Among the major crypto prices, the Bitcoin price was up 0.75% to $42,864.44 during writing, and its trading volume rose 9.24% to $21.05 billion. The largest crypto by market cap has gone through a volatile road recently, as evidenced by a slump of over 8% in its last seven-day price.
The second largest crypto by market cap, the Ethereum price rose 0.94% to $2,532.13 during writing, and its trading volume from yesterday fell 15% to $8.59 billion. Simultaneously, the BNB price added 0.58% from yesterday and traded at $315.77, with its one-day trading volume skyrocketing 97.96% to $1.73 billion.
However, the Solana price ticked down 0.32% from yesterday and traded at $96.05 during writing on Tuesday, January 16. In addition, the XRP price lost 1.49% in its price and traded at $0.5766 at the same time, with its trading volume soaring 5.47% to $971.72 million over the last 24 hours.
Meanwhile, the mixed performance of the major cryptos has also kept the overall crypto market near the bay. As of writing on January 16, the global crypto market cap was down 0.26% to $1.68 trillion, while its one-day trading volume jumped 16.64% to $53.36 billion. Notably, the fear and greed index in the crypto market was at 59, suggesting a neutral sentiment in the market.
Also Read: Here’s Why the Bitcoin (BTC) Bull Trend Will Be On Halt Until Halving
The Top Crypto Prices For Today Are
Pepe Coin Stays Near The Flatline
The popular meme coin, Pepe Coin has continued to gain investors’ attention, as evidenced by the ongoing discussions over the crypto on social media platforms. However, the Pepe Coin price was down 0.91% to $0.000001216 on Tuesday, with its trading volume dropping 12.35% to $54.18 million. However, over the last seven days, it has added about 2.27% in its price.
Flare (FLR) Soars 34%
The Flare crypto was on the investors’ radar on January 16, as evidenced by the significant surge in its price from yesterday. As of writing, the Flare price was up 34.46% to $0.02344, while its trading volume over the last 24 hours skyrocketed 1125% to $111.59 million.
Meanwhile, the recent surge in Flare (FLR) price could be attributed to Google Cloud’s foray into blockchain as a validator and contributor to the Flare Time Series Oracle (FTSO). This strategic move marks a pivotal moment in merging blockchain technology with mainstream giants, contributing to FLR’s robust performance amidst global cryptocurrency market trends.
Blur (BLUR) Adds 18%
The Blur crypto was another top percentage gainer in the crypto market on January 16, suggesting the growing interest of the investors towards the crypto. As of writing, the Blur price was up 17.62% to $0.668, while its trading volume from yesterday rocketed 123.99% to $454.48 million.
Also Read: Crypto Exchange HashKey Secures Fresh Funding At $1 Billion Valuation
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