Wednesday, 19th of January’s top gainer is Patron. Patron's current price is $0,062012 USD, with a 24-hour trading volume of $149 009 USD. Patron has dropped 713,00% in the previous 24 hours. With a live market cap of $24 428 750 USD, the current CoinMarketCap ranking is #773. The circulating supply is 393 938 955 coins, and the maximum supply is not available to the markets. Patron (PAT) is a cryptocurrency that runs on the Ethereum blockchain. Patron now has 400,000,000 in circulation, with 393,938,955 in circulation. Patron's last known price is 0.06232688 USD, and it has increased by 2,651.81 percent in the previous 24 hours.
Bitcoin remains below $42,000 as tremendous panic pervades the cryptocurrency market and experts predict a decline below $38,000. On January 18, the cryptocurrency market had another day of weakness as the price of Bitcoin (BTC) fell further, putting extra pressure on the altcoin market. Currently, the crypto Fear and Greed Index has indicated “Extreme Fear” among investors, and some traders warn that Bitcoin's price may soon go below its previous swing low of $39,000. According to Cointelegraph Markets Pro and TradingView data, bears pummeled the BTC price to a daily low of $41,250 during the early trading hours on Jan. 18.
Many crypto investors who were frustrated by the lack of a blow-off top to end 2021 are anticipating pyrotechnics to begin 2022, but according to a new Delphi Digital analysis, January “has been one of the most disappointing months for BTC.” Delphi Digital cited “a slowdown in global liquidity growth and tighter policy expectations” as the key source of headwinds for Bitcoin, noting that these reasons have also contributed to weakness in the stock market, which is seen to be closely connected with price changes in BTC. Delphi Digital also noted a lack of liquidity in the perpetual and futures markets, as well as a reduction in BTC open interest over the last two months, as sources of weakness.
According to Delphi Digital: “For the most part, the price contraction stemmed from liquidity issues in the perp/futures market, which triggered a series of liquidations that exacerbated BTC’s initial price weakness.” Concerning the following steps, Delphi Ditial stated that “short-term momentum indicators look to hint the worst may be behind us,” and the Fear & Greed index is at levels not seen since May 2021. Concerning the following steps, Delphi Ditial stated that “short-term momentum indicators look to hint the worst may be behind us,” and the Fear & Greed index is at levels not seen since May 2021. Decentrader, a crypto market intelligence service, noted a similar pattern of weakness, observing that the number of overly bullish “I'm buying the dip” traders on crypto Twitter was challenged at approximately $41,000. The total cryptocurrency market worth is currently $1.976 trillion, with Bitcoin commanding 40% of the market.
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