VET up +20.49%, BTC +1.96%, VeChain is The Coin of The Day – Daily Market Update for Jan 17, 2025

Key highlights:

  • The total cryptocurrency market cap increased from $ 3.52T to $ 3.57T in the past 24 hours, representing a 1.48% change
  • The Bitcoin price at press time is $ 101,334 after growing by 1.96% in the last 24 hours
  • The total crypto trading volume increased by 1.48% in the past 24 hours, and is currently at $ 472.30B
  • All prices and changes are presented at the time of publication: January 17, 2025, at 06:00 UTC

Market Overview

The total cryptocurrency market cap is currently $ 3.57T after a 1.48% increase on the day. The total crypto trading volume increased by 1.48% in the same time frame.

Bitcoin is trading at $ 101,334 after seeing a 1.96% gain in the last 24 hours. The Bitcoin dominance grew by 0.38% and BTC currently represents 56.27% of the cryptocurrency market.

Top Coins By Market Cap

At press time, Bitcoin has a market capitalization of $ 2.01T after gaining 1.96% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by null% and reach null by January 17, 2025. To learn more about how the price of Bitcoin could change over the next 7 days, visit our Bitcoin price prediction page.

Ethereum, which is the second-largest cryptocurrency by market cap, is priced at $ 3,365.34 and has a market capitalization of $ 405.49B. ETH decreased by -0.05% in the last 24 hours. If you’re interested in where the price of Ethereum could head next, check out the Ethereum price prediction.

Bears Dominate the Market Today

The bears dominated the market today as 69% of coins lost value in the last 24 hours.

Today’s Top Gainers are VeChain, EOS, and Hedera Hashgraph

Thanks to a 20.49% price increase, VeChain was the biggest gainer of the day among the top 200 cryptocurrencies by market cap. EOS came in second place, with 24-hour gains of 17.95%. Hedera Hashgraph, Litecoin and XinFin Network complete today’s list of the top cryptocurrency gainers.

Today’s Top Losers are AI Rig Complex, ai16z, and aixbt by Virtuals

Unfortunately, not all coins performed well today. The worst performer in the cryptocurrency top 200 was AI Rig Complex, which saw a loss of -16.60%. ai16z also didn’t perform well, as its price declined by -15.18% in the last 24 hours. aixbt by Virtuals, Mog Coin and Virtual Protocol round out today’s top 5 worst performers.

GateToken reached new All-Time High after gaining +46.47% in the last month, 2 other cryptocurrencies reached a new ATH in the last 24 hours

The following coins in the cryptocurrency top 200 hit new all-time high prices today:

  • GateToken’s new ATH is $ 19.91
  • Fasttoken’s new ATH is $ 3.86
  • MetaGamesCoin’s new ATH is $ 0.640661

Today 3 cryptocurrencies reached a new ATH. Amongst the top gainers was GateToken that reached a new ATH after gaining +1.47% in the last 24 hours. Other crypto assets that reached ATH in the last 24 hours are FTN and MGC.

Congratulations to the HODLers!

Coin of the Day is VeChain

Thanks to its impressive 20.49% performance, VeChain is today’s coin of the day! VeChain is currently trading at $ 0.057937. Learn more about VeChain and its position in the market on our VeChain price prediction page.

Our technical indicators show that the current VeChain sentiment is Bullish.

Buy/Sell VeChain

Source: https://coincodex.com/article/61311/daily-market-update-for-january-17-2025/