Cryptocurrency prices today were in positive territory but remained near the flat line, as investors' risk appetite appears to be fading. At the same time, investors seem to be evaluating the future potential of the market before making any further bets in the market.
In addition, regulatory concerns may also have dampened trader sentiment in recent days. Although the SEC's approval of the Spot Bitcoin ETF represents a major win for the cryptocurrency community, regulatory concerns still loom large in the global digital asset space.
However, let's take a look at the prices of major cryptocurrencies today to get indications about how the market is performing.
Major crypto prices today
At today's cryptocurrency price high, Bitcoin price was up 0.07% from yesterday and was trading at $42,827.08 at the time of writing. Its trading volume increased by 13.84% over the past 24 hours to $23.96 billion. However, over the past seven days, Bitcoin price has lost more than 7%.
Among other cryptocurrencies, Ethereum price rose 1.42% to US$2,568.28 as of writing on January 17, while one-day trading volume jumped 30.07% to US$11.17 billion. In contrast, BNB's price is down 0.56% to $313.95 as of the time of writing, with its trading volume down 40.55% to $1.02 billion at the same time.
Meanwhile, Solana's price rose nearly 3.61% on Wednesday and traded at $99.45, with trading volume up 20.56% from yesterday to $2.04 billion. On the other hand, XRP price registered a slight gain of 0.22% to reach $0.5751 during writing on January 17.
In the meme sector, Dogecoin's price was flat at $0.08101 as I wrote, and its trading volume was up 20.15% to $322.51 million. At the same time, the price of the Shiba Inu also remained near the bay, trading at $0.000009635, with trading volume down 0.35% to $108.03 million.
Gains in most major cryptocurrencies helped the overall market stay in the green on Wednesday. As of writing, the global cryptocurrency market cap has risen 0.52% to $1.69 trillion, with trading volume up 3.20% to $54.21 billion. Notably, the Fear and Greed Index also moved from neutral to greed territory again on January 17, where it currently stands at 61.
Read also: Spot Bitcoin ETFs record $10 billion trading volume in just 3 days, what lies ahead?
The best cryptocurrencies for today are
Pepe coin rises by 1%
Pepe coin received attention from investors on Wednesday, as evidenced by a rise in its price after volatile trading during the week. Meanwhile, Pepe Coin's price rose 1.42% to $0.000001234 at the time of writing on Wednesday, with its trading volume rising 34.04% to $72.61 million. Notably, despite volatile trading, the popular meme coin has added more than 4% over the past seven days.
Chili's (CHZ) adds 19%
Chili's price rose 19.12% to trade at $0.1091 as of writing on January 17, making it one of the biggest percentage gainers in the cryptocurrency space. It is worth noting that the trading volume of cryptocurrencies increased by 281.99%, reaching $369.74 million. Meanwhile, the recent rise in the price of CHZ has helped it add over 46% to its price over the last seven days.
KLAY gains 16%
Klaytn cryptocurrency was another major mover in the digital asset space on Wednesday, indicating growing investor interest in cryptocurrencies. Meanwhile, as of the time of writing, Klaytn's price has risen by 15.70% to $0.227, while its trading volume has increased by 1,560.73% to $199.58 million at the same time. However, despite the rise, it has fallen by approximately 10% in the past 30 days.
Read also: Bitcoin ETF market expands with new leveraged inverse offerings from ProShares
