Today January 15, the global virtual currency market has experienced a sigh of relief after experiencing significant declines earlier this week. Many crypto assets have seen a modest recovery. The broader market value currently stands at $3.39 trillion, an increase of 2.82% over the previous day. Despite the increase, its total transaction volume is down 25.90%.
Meanwhile, the market sentiment remains bullish, as the Fear & Greed Index stands at 70, according to data from Coinglass. This means that the market is greed as investors and traders show continued interest in virtual assets.
Bitcoin gains strength
Today, Bitcoin revived its value after dropping to a low of $91,000 early this week. It has witnessed a modest rise, up 0.07% over yesterday and currently trades at $96,589.39, at the time of writing. The rise reflects investors’ resilience and BTC’s staying firm amid wider market volatility.
However, traders are eagerly waiting for the latest US CPI data slated to be released today, which could impact their appetite for risky assets like virtual currencies.
Altcoins show mixed performance
In the altcoin sector, Ripple’s XRP appeared as the top-performing token among the leading 10 crypto assets, seeing a gain of 7.31% over yesterday.
Cardano (ADA) followed with a rise of 3.96%, currently reading at $1.00. Dogecoin (DOGE) also saw a small uptick of 0.90%, making its value hovering at $0.3515 at press time.
However, other top 10 cryptocurrencies are down. ETH is currently standing at $3,198.38, down 0.46%. Others like BNB, SOL, and TRX are down 0.33%, 0.10%, and 0.70% respectively.
This dip signifies a cautious sentiment among those who invest in altcoins and reflects the volatility within the market as traders look for indicators of the next price move.
Today’s top gainers
According to the latest data shared by Phoenix Group today, here are the top 10 crypto gainers over the past 24 hours.
Nest Protocol (NEST) emerged as the best performer in today’s market with a tremendous gain of 51.2%. Viacoin (VIA) followed with an incredible 43.8% rise. Horizen (ZEN) became the third top gainer with a 25.4% increase.
Meanwhile, Aixbt and Humans.ai (HEART) followed with a close tie of 20.4% and 20.1% respectively. Others including Parsiq (PRQ), DeXe (DEXE), IOTA, STPT, and Prosper (PROS) also made impressive uptrends with 18.6%, 16.8%, 16.6%, 16.6%, 15.3%, and 15.0% rise respectively. These price surges show that investors are investing in upcoming virtual assets with the potential to offer growth.
