Top 10 Cryptocurrencies for January 16, 2023; Bitcoin Hits $21K & FTT Pumps

Let the week kick in with our curated list of top 10 performing cryptocurrencies for January 16, 2023. According to the chart, Bitcoin(BTC) is soaring in the right direction for investors and has crossed the trading value of $21K. On the other
hand, FTT sees a pump too.

The most favorite cryptocurrency, Bitcoin (BTC) is currently trading at $21,156.03 and has jumped 2.17% in the past 24 hours. BTC has surpassed a $410 billion market capital and thus, it can be said that it has now recovered from the FTX crash.

Second on the list of top performing cryptocurrency is Ethereum(ETH) which is trading at $1,572.87, at the time of writing. Even ETH spiked up by 3.03% in the past 24 hours. Ripple’s XRP also saw a great jump of 3.29% at the value of $0.4.

Here is the list of Top 10 cryptocurrencies for 16 January, 2023:

Cryptocurrency	Trading Price(in USD)	Past 24 hour
Bitcoin (BTC)	$21,156.03	up by 2.17%
Ethereum (ETH)	$1,572.87	up by 3.03%
Tether (USDT)	$1.00	up by 0.02%
BNB	$305.39	up by 2.40%
USD Coin (USDC)	$0.999	up by 0.04%
XRP	$0.4018	up by 3.29%
Binance USD (BUSD)	$0.999	down by 0.01%
Cardano (ADA)	$0.3618	up by 4.40%
Dogecoin (DOGE)	$0.08677	up by 2.38%
Polygon (MATIC)	$1.02	up by 5.77%

The performance of these cryptos seemed good enough. But what actually grabbed eyeballs on the Crypto Twitter is the abrupt pumping of the bankrupt crypto exchange FTX’s token, FTT.

https://twitter.com/CryptoBusy/status/1612756132916772865

FTT peaked at $2.59 on 16 January, 12:00 am. The token has seen a jump or rather a pump of a whopping 40% and is currently trading at $2.40. Many Twitteratis have cautioned investors about this strange price movement and suggested it could just be a classic case of pump and dump.

Ritu Lavania