Crypto On Jan 10: Bitcoin, Ether Rise Slightly, Igniting Hopes For Gains

The new week ignited hopes of possible gains as top coins Bitcoin and Ethereum traded in the green Monday. This led to a slight rise in the global cryptocurrency market cap, which was up 0.64% at $1.98 trillion at 1.49 a.m. ET.

Despite no significant improvement in the tokens, the beginning of the week was marked by a slight rise in the prices of some of the top tokens, including Bitcoin and Ethereum. Bitcoin rose 0.15% to $41,981. Ethereum grew 0.82% to $3,163, CoinMarketCap data showed.

Both top coins are still trading below expectations. According to crypto analysts, the Bitcoin crash is not unusual as January is considered weak for the top coin. Some analysts are hopeful that Bitcoin holds the potential to rise above the $100K mark.

Among other top coins, Binance Coin slid to the fourth position on the market chart, even as it gained 1.74%. Terra LUNA saw a significant rise, 4.92%, retaining the ninth position on the chart.

Meme crypto Shiba Inu rose slightly, but Dogecoin tumbled.

Although numbers on the market chart are short of expectations, global investment bank JPMorgan is hopeful that 2022 will be the year of financial tokenization and the crypto market will see a lot more growth.

The crypto market is extremely volatile and experts recommend investors not make decisions based on the sudden shift in prices.