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  • Bitcoin, Theta Atrium Network, UNUS SED LEO Daily Price Analysis – January 22 Summary

Bitcoin, Theta Atrium Network, UNUS SED LEO Daily Price Analysis – January 22 Summary

 تاریخ انتشار :
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  Bitcoin

TL; DR failed

  • Bitcoin fell to $ 35,000 in an awful market.
  • Atrium falls by more than 7% and more than 27% in a week.
  • Theta network is down more than 20%, Filecoin, BitTorrent and Solana are falling in the altcoin market.
  • UNUS SED LEO, as the only green token among the top 100 cryptographic tokens based on market value, earns 2% profit.

The popular digital currency market is home to global investors and traders. People are looking for digital currency because of its lucrative nature and high usability. There are currently more than 17,000 digital currencies in the world. This shows the increasing expansion of the market and the way people accept digital currencies.

The crypto market has grown over the past few years. More money has been given to it, but market fluctuations have kept it fluctuating. Many coins have already hit record highs, but the market has retained its unpredictable nature.

In the last 24 hours, the trillion dollar market has lost more than 5.30% of its market value. That’s why the global cryptocurrency market has fallen to $ 1.61 trillion. Almost every cryptographic token has been devalued due to this devaluation.

Bitcoin continues to fall, but its dominance in the market increases

The crypto market owes its reputation to bitcoin, as it is the first and most popular cryptocurrency in the industry. Bitcoin performance has always been vital to the market. In addition, Bitcoin is the most dominant token on the market. Its dominance waned a few weeks ago, but the recent collapse of the market has ensured that bitcoin dominance in the market is increasing again.

BTC dominance has reached 41.2%, which has increased from below 40%. Altcoins are declining in the red market, leading to increased bitcoin dominance. Nevertheless, the value of bitcoin itself is crossing an important critical point. No one expected the coin to fall to $ 35,000 a few weeks ago. But the unpredictable market has ensured that the coin has fallen sharply below that level.

Bitcoin, Theta Atrium Network, Daily Price Analysis UNUS SED LEO - January 22 Summary 1

Source: TradingView

The chart above shows how bitcoin has fallen sharply in the past week. The weekly price change of Bitcoin is negative 18.70%. The coin fell from more than $ 42,000 to below $ 35,000. The market value of coins has also experienced a major decline. It has now dropped to $ 665 billion. The 24-hour coin trading volume is over $ 38 billion. By bitcoin standards, these figures are alarming and worrying.

Atrium continues to ship red candles for at least $ 2,400

Atrium is one of the world’s top digital assets. However, the performance of ETH is currently somewhat worrying. Not only has the coin reduced all its profits in the past few months, but it has now lost more than 50 percent of its all-time high. Leading Altcoin is also in demand among blockchains. Therefore, the fall of the coin has contributed to the already creepy crypto market.

Atrium fell less than $ 2,350 in the last 24 hours and fell more than 7%. However, the coin is currently worth about $ 2,400. Atrium has dropped more than $ 800 in the past few days, as it was priced at more than $ 3,200 on January 20. It has now dropped by more than 27% in the last 7 days.

Bitcoin, Theta Atrium Network, Daily Price Analysis UNUS SED LEO - January 22 Summary 2

Source: TradingView

The market value of the coin is now below $ 289 billion and its trading volume is below $ 27 billion. Atrium’s dominance of the market has also declined significantly since falling below 18%. The coin has no acceleration and may fall further under these conditions.

THETA is more than 20% stabilized. BTT, FIL and SOL also have significant losses

The market has turned red in the last 24 hours because there are significant losers in the list of cryptographic tokens. THETA is among the main losers in the market, as the coin has fallen more than 20% compared to yesterday. The weekly coin loss rate is now more than 32%. Such major losses are a worrying factor for any coin in the market. THETA is currently priced below $ 2.80.

Bitcoin, Theta Atrium Network, Daily Price Analysis UNUS SED LEO - January 22 Summary 3

Source: TradingView

THETA, which ranks 43rd in the list of top digital currencies based on market value, has also suffered a blow to its market value. For 1 billion THETA tokens in circulation, it dropped to $ 2.75 billion. Coin trading volume is $ 595 million.

In addition to THETA, BitTorrent (BTT) has also suffered major losses. The coin fell about 17 percent to $ 0.0021 in the market. The weekly coin loss is only 18% despite losing 17% in one day. The last day was decisive for the coin to create the bear pattern. Previously, the coin had a strong resistance to the forced downtrend in the market.

FIL and SOL, on the other hand, fell sharply in the closing hours of trading. FIL fell 15.71 percent to $ 18.97. The weekly loss of the coin reached approximately 36.50%. Solana (SOL), one of last year’s busiest performers, also fell sharply. The price fell below $ 100, which is a big concern for coins. The coin was valued at $ 94 in the market after falling 15.95%.

LEO is the only green coin in the top 100 cryptographic tokens

Almost every coin and token has lost a significant portion of its value. Major popular tokens have dropped double-digit percentages over the past day. UNUS SED LEO is the only coin in the list of the top 100 cryptographic tokens based on market value that has issued green candles in the last 24 hours. The coin rose 2 percent to $ 3.63.

LEO is still 4.70% lower than last week. The coin has a trading volume of $ 4.50 million and a market value of more than $ 3.44 billion. LEO is ranked 35th in the list of top digital currencies. Developing a healthy price may attract more investors and traders to discover a relatively undesirable coin.

In addition to LEO, there is no coin that has progressed in the last 24 hours. Meem Quinn projects, or metavars and game projects, have received almost every token recently. This is a relatively rare position in the market, but it has put the investment sector in a state of shock.

Final thoughts!

The sluggishness of the market over the past few weeks meant that a downturn was imminent. However, when it is here, it looks more deadly. Billions of dollars are cashed in on the market as investors and traders continue to lose ground. It is not yet clear whether the market will recover from this stage in the coming days. Currently, the market is struggling with high levels of uncertainty and instability.