Amid the bearish trend that suppressed several coin prices, including Bitcoin, the Zilliqa token emerged among the gainers. Zilliqa secured first place among top-gaining coins in the bearish cryptocurrency market with a 9% uptrend over the past 24 hours. This price move follows a network performance statistics update shared by a Twitter community member @inna_everstake. According to stats, Zilliqa reached a new milestone in network addresses and daily transactions.

The world’s largest crypto exchange Binance announces initiating staked Ethereum (ETH) withdrawals and BETH redemption. The crypto exchange last week revealed that users can redeem their staked ETH a week after the Ethereum Shanghai (Shapella) upgrade. Will the staked Ethereum withdrawals push more selling pressure on the ETH price.

Crypto prices are languishing way below the dizzying heights of 2021, even with Bitcoin’s (BTC) price breaching the $30,000 mark. And yet, despite the crypto winter last year, the market has matured and made progress, according to a16z’s latest ‘State of Crypto’ report.

Over the last week, the price of Solana has risen. During the same time frame, SOL surged close to 17%. Although the bulls were in the market, SOL was not entirely out of the woods. The price was dragged to the $21 mark recently after the bears attempted to drag the price down.

Cryptocurrency prices continued to trade in a relatively tight range, with volumes down following the collapse of crypto-friendly bank Silvergate. 

UBS strategists say impending Mt. Gox bankruptcy repayments might not be cause for concern for the price of bitcoin.

Crypto prices continue to climb higher, with bitcoin firmly above $24,000. Equities linked to cryptocurrency and blockchain technology traded down. 

Cryptocurrencies were mostly higher after the U.S. open, with bitcoin trading back above $21,000.

The crypto market beams with hope for recovery as this week's trading leaves the station. Selected altcoins like Cardano (ADA), Solana (SOL), Cosmos (ATOM) and ApeCoin (APE) significantly in double-digits, yet Bitcoin (BTC) and Ethereum (ETH) remain relatively unchanged. The total market capitalization jumped slightly to $852 billion after dropping to $798 billion on January 4.