Crypto market update: BTC remains at $41,000

The price of bitcoin is sitting at $41,000 for the fifth day in a row

Gold plated bitcoin coin on purple background                                 
BTC continues to hover around the $41,000 mark – Photo: Alamy
                                

The price of bitcoin (BTC) ended yesterday at $41,827 after falling by 0.13% during the day, according to Currency.com. The price of the leading cryptocurrency is now $41,820.

The trading volume of BTC has increased by 59.82% over the past 24 hours. Meanwhile, seven out of the top 10 cryptos are up today according to CoinMarketCap, with BTC up by 0.72%.

Ether (ETH) is up by 0.39% to $3,118, binance coin (BNB) is up by 4.25% to $451, solana (SOL) is down by 1.54% to $136 and cardano (ADA) is up by 0.38% to $1.15.

The two stablecoins in the top 10 are both up. Tether (USDT) is up by 0.01% but is still priced at $1. USD Coin (USDC) is also up by 0.01% but remains priced at $1.

Ripple (XRP) is up by 0.22% to $0.74 and dogecoin (DOGE) is up by 5.25% to $0.15 but remains in 12th position after dropping out of the top 10 cryptos.

Biggest risers

The biggest riser of the day is Oasis Network (ROSE), which has risen by 17.97% to $0.39. ROSE is described by CoinMarketCap as “rare” as it was founded by a woman, Dawn Song, and is a “privacy-focused Layer 1 blockchain built for open finance”.

The second biggest riser of the day is NEAR Protocol (NEAR), which increased by 16.89% to $16.89. According to CoinMarketCap, NEAR “is a Layer 1 blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability”.

The third biggest riser of the day is Elrond (EGLD), which is up by 7.94% to $205. CoinMarketCap states that EGLD “is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding”.

Biggest fallers

The biggest faller of the day is Quant (QNT), having dropped by 4.82% to $163. QNT was “launched in June 2018 with the goal of connecting blockchains and networks on a global scale, without reducing the efficiency and interoperability of the network,” states CoinMarketCap.

BitTorrent (BTT) is the second biggest faller of the day, dropping by 4.51% to $0.00244. CoinMarketCap says BTT “is a popular peer-to-peer (P2P) file sharing and torrent platform which has become increasingly decentralised in recent years”.

The third biggest faller of the day is Arweave (AR), having decreased by 2.97% to $45.80. AR is described by CoinMarketCap as a “decentralised storage network that seeks to offer a platform for the indefinite storage of data”.

All prices correct as of 13:01 GMT on Tuesday 11 January.

Bitcoin to US Dollar
Daily change
42381.7
Low: 41695.9
High: 42381.7

Further reading:

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