Fear and volatility remain the theme of the week as (BTC) continues to face stiff resistance near the $42,000 price level and stock markets also took a hit on Jan 18. Investors’ fear of proposed rate hikes for this year continues to exert downward pressure and, at the close, the index was down 530 points, or 1.4%.
Despite the drop, altcoins managed to ride out the noise with several posting double-digit gains on Tuesday.
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The 7 currencies with the greatest price variation in 24 hours. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers in the last 24 hours were Elsastos (ELA), API3 (API3), and Prometheus (PROM).
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