Today’s cryptocurrency market has seen a widespread upturn, as Bitcoin (BTC) has picked up speed and surpassed $97K following a dip to around $89K earlier this week. The attention of traders is currently on the upcoming U.S. Consumer Price Index (CPI) inflation figures, set for release today, which could have a substantial influence on market trends in the near future.
Ripple‘s XRP maintained its growth trajectory, soaring by 12% over the past day, outperforming all other top 10 digital currencies. At the same time, AIXBT experienced significant increases, climbing by an impressive 43%, boosting market optimism.
1. Over the past day, the total value of all cryptocurrencies rose to an impressive $3.38 trillion, marking a 2.45% increase. Interestingly, the trading volume plunged by about 29%, settling at $123 billion. Meanwhile, the Fear and Greed Index stayed steady at 51, indicating a cautious yet balanced market outlook as investors prepare for the potential effects of the upcoming CPI report.
Cryptocurrency Market Today: BTC, ETH, XRP, and SOL Show Bullish Signs
Today’s cryptocurrency market is exhibiting signs of revival following a month of declining trends. Notably, Bitcoin (BTC) has regained the $97K mark, while Ethereum (ETH) and Solana (SOL) have each increased by around 2% over the past day. Remarkably, XRP outperformed its counterparts, jumping by a substantial 12%. In a recent development, long-time Bitcoin investor Anthony Pompliano has suggested to former U.S. President Donald Trump that he might contemplate establishing a Bitcoin national reserve to bolster economic stability.
Bitcoin Price Today
Today, Bitcoin’s price was fluctuating around $96,975 – a rise of approximately 2.5% compared to the previous 24 hours. During this period, the lowest Bitcoin traded for was $94,757, while the highest it reached was $97,504.
As reported by Farside Investors, a total sum of approximately $9.7 million flowed into Bitcoin Exchange-Traded Funds (ETFs) recently. Among the major players, WisdomTree was the leading buyer with an additional investment of about $10 million, while Bitwise reduced its holdings by roughly $9 million. The anticipated release of ETF data from BlackRock continues to keep investors on their toes.
Ethereum Price Today
Today’s Ethereum rate was at approximately $3,210, marking a 1.5% rise compared to the previous 24 hours. During this period, Ethereum’s price ranged from $3,158 (the lowest) to $3,256 (the highest). The surge in interest was evident in Ethereum-based Exchange Traded Funds (ETFs), with an influx of around $1.15 million. Interestingly, all of this purchase was facilitated by Bitwise, suggesting a growing appetite for Ethereum investment products.
XRP Price Today
Today’s XRP price experienced a significant jump of around 12%, currently valued at approximately $2.80. In the past 24 hours, its lowest and highest points were marked at $2.517 and $2.869 respectively.
Today in the realm of digital currencies, Brad Garlinghouse, CEO of Ripple, has spoken out against SEC Chair Gary Gensler’s enforcement-based regulatory strategy. This criticism arises as Ripple prepares for an appeal hearing with the SEC on January 15, a decision that could significantly shape XRP’s future price fluctuations.
Solana Price Today
Today, the value of Solana increased by 2.5%, currently standing at approximately $187. Over the past 24 hours, its lowest point was $184.3, while its highest point reached $190.
Top Cryptocurrency Gainer Prices Today
As per crypto prices today, here are the top 5 crypto gainers over the last 24 hours:
aixbt by Virtuals (AIXBT)
Price: $0.6412
24-hour gain: +43%
DeXe (DEXE)
Price: $16.09
24-hour gain: +18%
ai16z (AI16Z)
Price: $1.33
24-hour gain: +15%
Raydium (RAY)
Price: $5.39
24-hour gain: +13.88%
Kaspa (KAS)
Price: $0.1371
24-hour gain: +13.5%
Today, the cryptocurrency sector is displaying a substantial bounce-back, as digital currencies such as AIXBT and DEXE are spearheading the surge in value prior to the release of Consumer Price Index (CPI) inflation figures.
Top Cryptocurrency Loser Prices Today
As per crypto prices today, here are the top 5 crypto losers over the last 24 hours:
Fartcoin (FARTCOIN)
Price: $1
24-hour loss: -6.6%
Movement (MOVE)
Price: $0.822
24-hour loss: -5.47%
Ondo (ONDO)
Price: $1.14
24-hour loss: -4.44%
Sui (SUI)
Price: $4.51
24-hour loss: -3.52%
Bitget Token (BGB)
Price: $6.43
24-hour loss: -2.65%
Although the crypto market has generally rebounded today, these specific coins have seen a drop over the past 24 hours.
Meme Crypto Prices Today
Today, the market for meme-based cryptocurrencies is surging with optimism. For instance, Dogecoin (DOGE) has seen a 6% increase and is currently valued at approximately $0.36 per unit. Meanwhile, Shiba Inu (SHIB) has risen by 2.5%, trading now at around $0.00002168.
In the past day, other popular meme tokens such as PEPE, BONK, and FLOKI have experienced a rise of between 2% and 4%. This upward trend is consistent with the broader crypto market’s recovery today, suggesting that there is increasing enthusiasm for meme coins.
Additionally, the one-hour chart is showing a bullish trend as Bitcoin’s price has risen by 0.2% within the hour. There’s also been a surge in positive momentum among major cryptocurrencies. XDC Network is currently leading with a 4% increase over the past day. Furthermore, the Chief Investment Officer of Bitwise has pointed out three significant factors contributing to the rise in corporate Bitcoin adoption.
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2025-01-15 07:34