Crypto prices today: Bitcoin & Ethereum continue to grow, Solana & metaverse tokens dip

On Wednesday, the value of top cryptocurrencies traded in the green, which led to an increase in the global crypto market cap.

New Delhi,UPDATED: Jan 18, 2023 10:20 IST

Crypto prices today: Bitcoin & Ethereum continue to grow, Solana & metaverse tokens dip

By Nidhi Bhardwaj: On 18 January, the value of top cryptocurrencies remained on the green. The price of Bitcoin was up by 0.73 percent to trade at $21,271.22, which broke the past few weeks’ record. Perhaps the increasing investors’ confidence in the US central bank’s ability to curb inflation without causing damage to the economy, may be one of its reasons. Amid this growth, the global crypto market cap rose by 0.77 percent to $994.68B.

The price of Ethereum as of (0930 IST) increased by 1.35 percent to $1,582.73. The value of BNB marked gains of 1.37 percent to $303.20, along with the rise in Cardano by 0.56 percent to $0.349933. The value of XRP grew by 1.13 percent to $0.387735 from its yesterday’s lows.

This rise is further witnessed in the value of Monero by 3.42 percent to $173.04. However, Solana’s price was reduced by 0.71 percent to $23.11 from its previous day’s value of $23.19.

Like Solana, the value of Tron also declined by 0.03 percent to $0.062161. Contrastingly, Avalanche recorded growth of 1.98 percent to $17.30, as compared to the day earlier. Dash also continued to garner profits by 1.73 percent to $49.80.

Today’s top gainers were Shiba Inu, Casper, Ethereum POW, and Kava. On the other hand, the losers were Decentraland, Houbi Token, Aptos, and Frax Share, according to CoinMarketCap.

Meme Coins increase

The market on Wednesday traded mostly in the green, which also positively impacted the price of Shiba Inu by 17.72 percent to $0.000012. The gain was also noticed in Dogecoin, with its value up by 3.37 percent to $0.086745.