Moneycontrol PRO
Upcoming Event:Attend Algo Convention Live, 2 Days & 12+ Speakers at best offer Rs.999/-, exclusive for Moneycontrol Pro subscribers. Register now!

Cryptocurrency Prices Today: Recovery mode on as Avalanche rises 6.55%, Solana 3.88%

Cryptocurrency Prices Today: Bitcoin's market dominance rose to 42.04 percent and the asset was globally trading at $36,860.86 levels this morning.

January 26, 2022 / 09:24 AM IST
Cryptocurrency (Representative image)

Cryptocurrency (Representative image)

The global cryptocurrency market capitalisation reached $1.66 trillion (up 1.68 percent) during the last 24 hours while the market volume over the last 24 hours hit $80.34 trillion.

The decentralised finance (DeFi) cryptocurrency market cap is $13.24 billion while that of stablecoins is $80.32 trillion. Stablecoins are tied to an asset - such as the dollar or any other fiat currency or gold - to stabilise their price.

Bitcoin's market dominance rose to 42.04 percent and the asset was globally trading at $36,860.86 levels this morning. In rupee terms, Bitcoin was up 1.45 percent to trade at Rs 29,92,854 while Ethereum rose 1.74 percent to Rs 1,99,119.

Bitcoin, the world's biggest and best-known cryptocurrency, is now about half its $69,000 peak in November. It had a steep fall on January 21.

In the Indian market, most currencies seem to be in recovery mode as Avalanche has risen 6.55 percent and Solana 3.88 percent.


Bitcoin has had wild price swings as risk appetite has fallen on inflation fears and anticipation of a more aggressive pace of interest rate hikes from the US Federal Reserve.

According to experts, Bitcoin remains in the danger zone and if $37,000 breaks, there is not much support until the $30,000 level.

As of 8:30 am, these were the prices of various cryptocurrencies in the Indian market (Data from WazirX)
CryptocurrencyPrice (in Rs)24-hour change (in percent)

Download your money calendar for 2022-23 here and keep your dates with your moneybox, investments, taxes

Moneycontrol News
first published: Jan 26, 2022 09:24 am
ISO 27001 - BSI Assurance Mark