Market overview: The cryptocurrency market undergoes correction as BTC dips to $102K
The post Market overview: The cryptocurrency market undergoes correction as BTC dips to $102K appeared on BitcoinEthereumNews.com.
CryptoRank, a research and analytic firm, believes that the cryptocurrency market is cooling off after Bitcoin and other cryptocurrencies began undergoing a correction. Bitcoin dropped to $102K, and Solana experienced 8% volatility after the recent SOL ETF news. The SOL market eagerly awaits the regulatory green light for Solana ETFs after the U.S. Securities and Exchange Commission (SEC) a year after the regulator approved spot exchange-traded funds for Bitcoin. The TRUMP memecoin on Solana also pushed SOL’s price near the $300 mark. Solana is currently exchanging hands at $247 at the time of publication. Cryptocurrency market cools off after correction 📉Market Overview The market is undergoing a correction to cool off. $BTC has dipped to $102K, while $SOL experienced 8% volatility amid ETF news. Today, all eyes are on the $ANIME airdrop and its listing across major CEXs. Market Cap: $3.70T (-3.02%)BTC dominance: 54.68%… pic.twitter.com/GveiF3NWXQ — CryptoRank.io (@CryptoRank_io) January 23, 2025 The global cryptocurrency market cap is down to $3.7T, a 3.02% drop from yesterday. Bitcoin’s dominance also dropped to 58.68%, a 0.07% 24-hour drop. The Fear and Greed Index rose to 75 greed in the market. Small-cap gainers included BABYSHARK, which rose 100%. TRON also gained 72.4% from yesterday. MEMDEX100 (MEMDEX) increased in price by 60.1%, while KIP Protocol (KIP) and Dotcom (Y2K) increased by 56.8% and 44.7%, respectively, in the past 24 hours. Ultima (ULTIMA) is one of the large-cap gainers in the last 24 hours, with a realized 29.2% gain in price, reaching $13,970. POPCAT’s price also gained 10.1% to reach $0.573. Chintai (CHEX) is another large-cap gainer that saw an 8.32% rise in price and is currently trading at $0.523. GateToken (GT) also surged in price by 5.31%, while Pudgy Penguins (PENGU) rose by 4.39%. At the time of publication, GT was trading at $22.90, while…
Filed under: News - @ January 23, 2025 2:29 pm