The total crypto market capitalization dropped on Jan. 23 with the global market value falling from $1.6 trillion to $1.5 trillion, representing a 5.5% day-on-day decline. While trading volumes rose by 55%, it is largely due to the sell-off in the market. {chart} Bitcoin price fell below $40,000 to trade at $38,521 on Jan. 23. Most altcoins are following BTC’s price action with Ether falling below the $2,200 mark and Solana briefly losing the $80 support level. Binance Coin also lost the $300 level which had been a key support level for the layer 1 token. Analysts turn bearish on BTC Bitcoin’s recent price action has ... (full story)