Bitcoin (BTC) Dips Below the $97k Mark, ETH Tumbles Under $3.4k as Crypto Market Cap Loses $200B

Bitcoin (BTC), the world's oldest and most valued crypto, dipped down to the $96,000 range early Wednesday, a day after charting a high of $102k.

The world’s oldest and most valued cryptocurrency, Bitcoin (BTC), dipped down to the $96,000 range early Wednesday, a day after charting a high of $102k. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the reds across the board as overall Market Fear & Greed Index stood at 54 (Neutral) out of 100, as per CoinMarketCap data.

The Bitget Token (BGB) token emerged to be the top gainer, with a 24-hour jump of nearly 3 percent. Hyperliquid (HYPE) was the biggest loser today, with a 24-hour dip of over 16 percent.

The global crypto market cap stood at $3.35 trillion at the time of writing, registering a 24-hour dip of 6.25 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $96,197.46, registering a 24-hour loss of 5.53 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 85.52 lakh.

Ethereum (ETH) Price Today

ETH price stood at $3,349.23, marking a 24-hour dip of 8.83 percent at the time of writing. Ethereum price in India stood at Rs 3.16 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour loss of 10.56 percent, as per CoinMarketCap data, currently priced at $0.3495. Dogecoin price in India stood at Rs 33.27.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour loss of 8.83 percent. At the time of writing, it was trading at $102.73. LTC price in India stood at Rs 9,877.32.

Ripple (XRP) Price Today

XRP price stood at $2.32, seeing a 24-hour dip of 3.91 percent. Ripple price in India stood at Rs 207.21.

Solana (SOL) Price Today

Solana price stood at $197.24, marking a 24-hour loss of 8.75 percent. SOL price in India stood at Rs 18,514.61.

Top Crypto Gainers Today (January 8)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Bitget Token (BGB)

Price: $6.4924-hour gain: 2.50 percent

Injective (INJ)

Price: $25.9224-hour gain: 11.24 percent

Filecoin (FIL)

Price: $6.2024-hour gain: 10.17 percent

XDC Network (XDC)

Price: $0.0973624-hour gain: 8.94 percent

AIOZ Network (AIOZ)

Price: $1.1424-hour gain: 7.97 percent

Top Crypto Losers Today (January 8)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Hyperliquid (HYPE)

Price: $21.2724-hour loss: 16.25 percent

Celestia (TIA)

Price: $4.6824-hour loss: 14.33 percent

Pudgy Penguins (PENGU)

Price: $0.036524-hour loss: 13.66 percent

dYdX (Native) (DYDX)

Price: $1.3924-hour loss: 13.48 percent

Gala (GALA)

Price: $0.0362924-hour loss: 13.43 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is stabilising at $97,000 after reaching a high of $102,700 as strong U.S. economic data took the 10-year U.S. Treasury yield to a multi-year high of 4.68%, prompting profit-booking in stocks and the crypto market. Notably, institutions like MicroStrategy utilised this correction to accumulate more Bitcoin showing