Cryptocurrency Price Today: For A Little While, Bitcoin Drops Below $40,000; SUI Rises to the Top

Quick analysis of cryptocurrency prices on January 23: The value of the world market fell to $1.58 trillion.

The world’s oldest and most valuable cryptocurrency, Bitcoin (BTC), fell below $40,000 early on Tuesday and as low as $39,474.66 before rising. It is widely anticipated that the US central bank’s next policy meeting will shed some light on how the coin will behave going forward. Other popular coins that performed poorly overall included Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC). With a surge of more than 7% in just one day, the SUI token turned out to be the largest gainer of the group. With a drop of more than 10% in just one day, Astar (ASTR) emerged as the greatest loser.

At the time of writing, the value of the world’s cryptocurrency market was $1.58 trillion, a decrease of 2.42 percent in a day.

Bitcoin (BTC) Price Today

According to CoinMarketCap, the price of bitcoin was $40,108.25, down 2.13 percent in a day.

Ethereum (ETH) Price Today

At the time of writing, the price of ETH was $2,347.37, a decrease of 3.13 percent in just 24 hours.

Dogecoin (DOGE) Price Today

DOGE, which is presently trading at $0.08124, saw a 2.28 percent 24-hour loss, according to CoinMarketCap data.

Litecoin (LTC) Price Today

Litecoin saw a 5.30 percent 24-hour decline. As of writing, its trade price was $68.23.

Ripple (XRP) Price Today

The price of XRP was $0.531, down 1.74 percent in a day.

Solana (SOL) Price Today

The price of Solana was $85.67, a decrease of 3.65% over the previous 24 hours.