The cryptocurrency market on January 16 was trading mostly in green. Bitcoin (BTC), Binance (BNB) and Ethereum (ETH) were up trading with gains.
The overall crypto market cap was up by 2 per cent to $991.37 billion and its trading volume was up by 40.95 per cent to $47.60 billion, according to data from Coinmarketcap.com at 9 AM.
BTC was trending first in the list. Pancake Swap (Cake) was at the second place in the trending cryptocurrency list, followed by Serum (SRM).
The top gainers were Frax Share (FXS) and Decentraland (MANA), whereas the top losers were Z Cash (ZEC) and Lido DAO (LDO)
Bitcoin: BTC was up by 1.89 per cent to $21,091.02. BTC’s trading volumes were down by 28.90 per cent at $21,325,191,956,110. BTC was trading with gains this morning. It has been trading in the green zone for the last 24 hours.
BTC was swinging between the range of $20,606.99 and $21,345.25 over the last 24 hours. BTC saw a sharp rise in its prices around 5 PM.
BTC was trending second and its dominance is currently 40.95 per cent, an decrease of 0.07 per cent over the day.
Binance: BNB was trading gains this morning. It was up by 1.99 per cent at $304.28 trading in the range between $292.92 and $307.60.
BNB’s trading volumes were up by 37.16 per cent at $548,812,007
Ethereum:ETH was trading with gains, with 2.73 per cent at $1,566.71 in the last 24 hours to Monday morning.
Ethereum was trading in gains in the last 24 hours. However, around 5 AM in the morning, it saw a sharp increase in the prices. Ethereum was swinging between the lows of $1,520.99
and highs of $1,579.48. Its trading volume level was down by 33.83 per cent.
ETH’s trading volume was $6,943,189,042.
SOL's price was up by 2.88 per cent at $23.44 .
Ripple (XRP) was up by 3.11 per cent at $0.4005 and its 24-hour trading volume was down by 30.72 per cent at $905,015,881.
Cardano (ADA) was up by 3.31 per cent to $0.3569. Cardano’s 24-hour trading volume was down by 43.38 per cent to $$352,544,478..
Dogecoin (DOGE) was up by 9.57 per cent at $0.08785. Its 24-hour trading volume was up by 43.77 per cent at $499,642,581.
Shiba Inu (SHIB) was up by 6.82 per cent to $$0.00001075.
Decentralised Finance (DeFi)
Yearn.Finance (YFI) was up by 4.92 per cent to $7,234.53. Its 24-hour trading volume was up by 41.48 per cent at $39,021,216.
Aave (AAVE) was up by 7.38 per cent at $80.24 and its 24-hour trading volume down by 14.61 per cent at $176,595,681
Avalanche (AVAX) was up by 3.75 per cent at $16.95. Its 24-hour trading volume was down by 14.71 per cent to $484,778,237.