Cryptocurrency Price Today: Bitcoin falls to $42,000, but Toncoin becomes the biggest gainer

Quick analysis of the cryptocurrency pricing on January 16: The worldwide market capitalization fell to $1.68 trillion.

Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, fell below $42,000 over the weekend as the hype surrounding Bitcoin spot exchange-traded funds (ETFs) faded. At the time of writing, the market Fear & Greed Index was 59 (neutral), according to CoinMarketCap statistics. Popular altcoins like as Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Litecoin (LTC), and Ripple (XRP) all experienced slight losses. Toncoin (TON) was the largest gainer today, gaining about 12% in a 24-hour period. Optimism (OP) was the largest loser, falling by more than 7% in a 24-hour period.

At the time of writing, the worldwide crypto market valuation was $1.68 trillion, a 0.09 percent drop in a 24-hour period.

Bitcoin Price Today
Bitcoin’s price was $42,544.43 at the time of writing, a 0.11 percent drop in a 24-hour period.

Ethereum Price Today
At the time of writing, the price of ETH was $2,507.69, representing a 1.43 percent 24-hour drop.

Dogecoin Price Today
DOGE gained 0.82 percent in a 24-hour period and is now trading at $0.08133.

Litecoin Price Today
Litecoin gained 0.01 percent in a 24-hour period. It was trading at $71.33 at the time of writing.

Ripple Price Today
The price of XRP was $0.5864, up 2.30 percent in 24 hours.

Solana Price Today
Solana’s price was $95.91 after a 0.85 percent drop in the previous 24 hours.