Crypto prices today: Bitcoin, Ethereum & Solana dip; meme coins fall

On Tuesday, the global crypto market plunged by 3.50%, with Bitcoin at $22,837.20 and Ethereum at $1,569.48.

Crypto prices on 31 January

By Nidhi Bhardwaj: On 31 January, the prices of top cryptocurrencies traded in the red. Bitcoin’s value went down by 3.81 percent to $22,837.20, comparatively lower than its previous week’s value. The price of Ethereum also suffered negatively by 4.27 percent to stand at $1,569.48.

As of (0930 IST), the global crypto market cap declined 3.50 percent to $1.04T in the last 24 hours. The total crypto market volume, on the other hand, increased in its value by 14.47 percent to $56.91B.

The value of XRP was down by 5.33 percent to $0.392237, followed by Solana’s plunge of 6 percent to $23.96. This fall is further witnessed in the values of Polygon and BNB by 5.94 percent to $1.09 and 1.14 percent to $312.27, respectively, in the last 24 hours. At the same time, Cardano registered a loss of 5.34 percent to $0.372049. However, Dash grew by 8.30 percent to $61.83.

Avalanche and Monero tumbled 5.38 percent to $19.59 and 6.60 percent to $173.55, respectively.

Top gainers and losers of today

The market on Tuesday impacted the top cryptocurrencies. According to CoinMarketCap, the top gainers were Mina, Dash, Dogecoin, and dYdX. Contrarily, the top losers were BitDAO, Axie Infinity, Gala, and Lido DAO.

Meme coins notice plunge

The plunge in the market also lowered the meme coins’ value over 24 hours. Shiba Inu was down by 2.97 percent to $0.000012, along with Dogelon Mars’s 4.54 percent slip to trade at $3.39e-7. Dogecoin, being the gainer of today, marked an increase in its value by 1.78 percent to $0.091208.

Metaverse tokens decrease in value

Metaverse tokens were equally affected by market fluctuations, which led to a decrease in top token prices. The dip was witnessed in Decentraland’s value by 7 percent to $0.732641. This continued in the prices of Axie Infinity and Sandbox at 10.94 percent to $10.64 and 8.31 percent to $0.718367, respectively.