The Global Virtual Currency Market Experiences a Sigh of Relief after Significant Declines

Today January 15, the global virtual currency market has experienced a sigh of relief after experiencing significant declines earlier this week.

The global virtual currency market experienced a sigh of relief on Saturday after significant declines earlier this week. Many crypto assets saw a modest recovery, while the broader market value increased by 2.82%.

The total crypto market value experienced an uptick, rising from $3.29 trillion on Friday to $3.39 trillion today, reflecting a gain of 2.82%. However, the total transaction volume saw a decrease of 25.90%.

The Fear & Greed Index, which gauges market sentiment, indicated bullishness on Saturday. According to data from Coinglass, the index stood at 70, indicating “greed” as investors and traders maintained their interest in virtual assets.

Bitcoin showed signs of strength on Saturday, recovering from a low of $91,000 earlier this week. It experienced a modest rise of 0.07% over yesterday and was trading at $96,589.39 at the time of writing.

The slight increase in BTC's value came as traders eagerly awaited the latest US CPI data, scheduled to be released later today. This data could influence investors' appetite for risky assets, such as virtual currencies.

Among the top 10 crypto assets, Ripple's XRP emerged as the best performer with a gain of 7.31% over yesterday.

Furthermore, Cardano (ADA) followed with a rise of 3.96%, currently reading at $1.00. Additionally, Dogecoin (DOGE) saw a small uptick of 0.90%, making its value hover at $0.3515 at press time.

However, several top 10 cryptocurrencies experienced slight dips. Notably, ETH was currently trading at $3,198.38, down by 0.46%. Other crypto assets such as BNB, SOL, and TRX also saw minimal decreases of 0.33%, 0.10%, and 0.70% respectively.

This cautious sentiment among those investing in altcoins reflected the volatility within the market as traders looked for indications of the next price move.

According to the latest data shared by Phoenix Group on Saturday, here's a glance at the top 10 crypto gainers over the past 24 hours.

DAILY GAINERS

$NEST +51.2%

$VIA +43.8%

$ZEN +25.4%

$AIXBT +20.4%

$HEART +20.1%

$PRQ +18.6%

$DEXE +16.8%

$IOTA +16.6%

$STPT +15.3%

$PROS +15.0%#dailygainers pic.twitter.com/vKhbILy0Ad

Nest Protocol (NEST) emerged as the best performer in today's market with a staggering gain of 51.2%. Notably, Viacoin (VIA) followed closely behind with an impressive rise of 43.8%. In third place was Horizen (ZEN), which saw a significant increase of 25.4%.

Moreover, Aixbt and Humans.ai (HEART) were not far behind, experiencing gains of 20.4% and 20.1%, respectively. Parsiq (PRQ) and DeXe (DEXE) also joined the ranks with rises of 18.6% and 16.8%, respectively.

IOTA, STPT, and Prosper (PROS) rounded out the top 10 gainers with increases of 16.6%, 15.3%, and 15.0%, respectively, as investors showed interest in the potential growth of these upcoming virtual assets.