CryptoRank, a leading crypto research and analytics platform in the crypto industry, has shared an update on the crypto market situation as of today, January 13, 2024. According to CryptoRank, all the top 10 cryptocurrencies by market cap traded in the red zone, following BTC’s slump to the $43,000 region.
📈Market Overview#Bitcoin price trades above $43K. The top-10 cryptos are traded in red zone:$AVAX -7.96%$SOL -7.07%$BTC -6.92%

Market capitalization: $1.76T (-7.11%)
The #BTC dominance: 47.82% (+0.54%)
Fear & Greed Index: 64 (Greed)

👉 Top Gainers

Rocky $ROCKY +54.7%… pic.twitter.com/eUmer4381F— CryptoRank.io (@CryptoRank_io) January 13, 2024
Bitcoin’s price dropped significantly on Friday after registering a yearly high the day before. Friday’s slump saw the flagship cryptocurrency lose 7.75% of its value between its opening and closing price, according to data from TradingView. As of CryptoRank’s update, Bitcoin had recovered slightly, and the 24-hour loss was 6.92%.
CryptoRank singled out AVAX and SOL from among the top 10 cryptocurrencies by market cap, showing that AVAX, the native token of the Avalanche blockchain, had lost 7.96% of its value in the preceding 24-hour period while Solana’s SOL lost 7.07% during the time under review.
Almost all of the crypto market’s significant metrics slumped, according to CryptoRank’s update, including the crypto market capitalization, which dropped to $1.76 trillion, marking a 7.11% loss in 24 hours. However, BTC dominance made a slight gain of 0.54% to reach 47.82%, as the Fear and Greed Index remained at 64, confirming a dominant greedy sentiment in the crypto market.
While most large-capped cryptos slumped in price, some smaller-capped tokens enjoyed significant upside movements. According to CryptoRank, the top gainers for the day include ROCKY, which gained 54% in 24 hours, TRVL, with a 50% profit, and MYRO, which gained 38.9% during the period under review.
Blockchain projects that unlocked fresh tokens, as reported by CryptoRank include Games For A Living (GFAL), which released tokens worth $8.24 million, and Sweat Economy (SWEAT), unlocking tokens worth $6.23 million. Optimism (OP) also released fresh tokens equivalent to $4.11 million, according to CryptoRank’s update.
#cryptocurrecny #crypto $BTC

Cathie Wood, American investor and CEO of Ark Invest, expects only three to four spot BTC ETFs to survive, asserting that most of them would either close down or consolidate to larger companies.
Read more on: https://thecryptobasic.com/2024/01/12/ark-invest-ceo-cathie-wood-does-not-expect-most-spot-btc-etfs-to-survive/
#BitcoinETF💰💰💰 #cryptocurrecny #CryptoPredictions2024 #CryptoNewsLand #CryptonewswithJack

The crypto market, which gained substantial momentum in the last quarter of 2023, is facing a turbulent start to the New Year, with over $160 billion wiped out in under seven days since the BTC ETF approval.
Read more on: https://thecryptobasic.com/2024/01/16/barely-7-days-since-etf-approval-over-160-billion-evaporated-from-crypto-market/
#ETFsApproval #ETFApproved #cryptocurrecny #CryptoNewsLand #CryptonewswithJack

The likelihood of transforming Bitcoin (BTC) as an interplanetary currency has sparked a debate with Elon Musk at the forefront of the conversation.
Read more on: https://thecryptobasic.com/2024/01/12/elon-musk-schooled-on-the-possibility-of-bitcoin-use-on-mars/
#Bitcoin #BTCbitcoin #cryptocurrecny #CryptoNewsLand #CryptonewswithJack

Ethereum Ready to Rise: Why ETH 2.0 Could Spark a Blockchain BoomEthereum, the crypto kingpin, stands poised for a dramatic transformation. Enter Ethereum 2.0 (ETH 2.0), an upgrade promising scalability, efficiency, and a seismic shift in the blockchain landscape. With its arrival drawing near, excitement simmers across the cryptosphere, fueled by anticipation of its potential impact.Breaking the Bottleneck: Ethereum's current iteration, Proof-of-Work (PoW), struggles with low transaction throughput. Imagine rush hour gridlock, but for digital cash. ETH 2.0 introduces Proof-of-Stake (PoS), a leaner, meaner validation mechanism that slashes transaction times and fees. This opens the floodgates for mass adoption, unlocking possibilities from faster dApps to smoother DeFi experiences.Green Giant Awakens: PoS also brings a sustainability bonanza. Gone are the energy-guzzling PoW computations; ETH 2.0 consumes a fraction of the power, making it a beacon of hope in the eco-conscious world. This environmental facelift could attract socially responsible investors and institutions, further bolstering Ethereum's dominance.Developer Darling: The upgrade isn't just about speed and green cred. ETH 2.0's modular architecture streamlines development. Think Lego blocks for blockchain builders, creating a vibrant ecosystem of DApps and protocols. Developers excited about building the future of finance will find Ethereum's playground irresistible, accelerating innovation and solidifying its position as the go-to platform for dApps.The Ethereum Effect: With scalability unlocked and developers flocking, the potential ripple effects are immense. New industries could blossom on Ethereum's fertile soil, attracting fresh waves of users seeking the power and security of blockchain technology. This virtuous cycle could propel Ethereum further ahead in the blockchain race, leaving competitors scrambling to catch up.Eyes on the Horizon: While challenges remain, ETH 2.0's arrival marks a pivotal moment. Its potential to usher in a new era of blockchain adoption is undeniable. From smoother DeFi transactions to environmentally responsible innovation, Ethereum is poised to rise even higher, cementing its place as the backbone of the decentralized future. Buckle up, the Ethereum express is ready to roll.#Ethereum2024 #ethereum2.0 #cryptocurrecny