Crypto Price Today: Bitcoin falls below $102,000; Dogecoin, Sui decline up to 6%
Bitcoin (BTC), the world’s largest cryptocurrency, and other major crypto tokens declined on Thursday, January 23, amid profit booking at higher levels and the absence of any Bitcoin-related statements from former US President Donald Trump.
As of 10:18 am IST, Bitcoin was trading at $101,938, down 3.4%, after hitting an intraday low of $101,604. Ethereum declined 3.8% to $3,194. The global crypto market cap saw a decline of 3.4%, falling to $3.52 trillion.
Other major altcoins also experienced losses. Solana dropped 2.6%, BNB 2%, XRP 1.4%, Dogecoin 5.2%, Chainlink 6%, and Sui 6.2%. Meanwhile, newly launched tokens official Trump and Melania Coin plunged 12% and 15%, respectively.
«Bitcoin is trading below $102,000 as investors turn to book profits at higher levels. After its rally to a new ATH, Bitcoin is likely to be trading range-bound between $100k and $109k until the month end with investors looking towards the FOMC meeting outcome for direction,» said Edul Patel, CEO of Mudrex.
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