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Quick analysis of cryptocurrency prices on January 23rd: The worldwide market capitalization dropped to $1.58 trillion.

Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, fell below $40,000 early Tuesday, reaching a low of $39,474.66 before recovering. The upcoming policy meeting of the US central bank is expected to provide some clues on the coin’s future behaviour. Other major coins, such as Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC), all fell in price. The SUI token was the largest gainer of all, with a 24-hour increase of more than 7%. Astar (ASTR) was the greatest loser, with a 24-hour drop of more than 10%.

At the time of writing, the worldwide crypto market capitalization was $1.58 trillion, a 2.42 percent decrease from the previous day.

Bitcoin (BTC) Price Today
According to CoinMarketCap, the bitcoin price was $40,108.25, a 2.13 percent decrease from the previous day.

Ethereum (ETH) Price Today
At the time of writing, the price of ETH was $2,347.37, a 3.13 percent decrease over the previous 24 hours.

Dogecoin (DOGE) Price Today
According to CoinMarketCap data, DOGE has lost 2.28 percent in the past 24 hours and is currently trading at $0.08124.

Litecoin (LTC) Price Today
Litecoin fell 5.30 percent over the course of 24 hours. At the time of writing, it was trading at $68.23.

Ripple (XRP) Price Today
The XRP price was $0.531, representing a 1.74 percent decline over the previous 24 hours.

Solana (SOL) Price Today
Solana prices fell 3.65 percent in 24 hours to $85.67.