Trump’s Crypto Revolution: BTC Soars, ETH Options Expire, and Fartcoin Surges!

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Today, the total worth of the cryptocurrency market has soared to an impressive $3.56 trillion, overtaking Apple’s $3.5 trillion valuation as the world’s most valuable company. Over the past day, the market experienced a 2.3% growth and maintained a steady trading volume of about $152 billion. The price of Bitcoin (BTC) hit a new high at around $102K due to optimism surrounding Trump’s upcoming inauguration. Investors are keeping a close eye on the Ethereum (ETH) options expiry, with approximately $639 million in notional value set to expire today. Additionally, Hedera (HBAR) and FARTCOIN have seen a 20% increase in their values over the past 24 hours.

Crypto Market Today: BTC, ETH, XRP, and SOL Maintain Momentum

The upcoming presidency of Donald Trump has sparked optimism in the cryptocurrency market due to anticipated more favorable SEC regulations and clearer guidelines for tokens following his inauguration. Furthermore, lowered inflation figures have fueled speculation about additional Fed interest rate reductions, contributing to a positive outlook. Today, there was a 1.5% increase in BTC, a 3% rise in ETH, a 10% surge in XRP, and a 5% climb in SOL, demonstrating consistent growth across the major cryptocurrencies.

Bitcoin Market Today

As a crypto investor, I found myself in a position where the value of my Bitcoin holdings was fluctuating around the $101,185 mark, with a 24-hour low touching $97,405 and a high reaching as high as $102,080. Today’s market cap for this digital gold stood firm at an impressive $2 trillion, underscoring the robust confidence that investors like myself are placing in its potential.

According to SoSo Value data, Bitcoin Exchange-Traded Funds (ETFs) saw an influx of approximately $98 million on Thursday. The lion’s share of these purchases was made by Ark and 21Shares, amounting to around $155 million, while Bitwise contributed about $2.75 million. Data regarding BlackRock’s ETF inflows is yet to be released.

Ethereum Market Today

The cost of Ethereum was exchanging hands at approximately $3,368. Over the past 24 hours, it hit a low of $3,266 and peaked at $3,395. This indicates that its total market value has risen to an impressive $406 billion, demonstrating continued investor enthusiasm.

ETFs that track Ethereum saw a total investment of about $55 million, with Fidelity being the biggest investor at approximately $70 million. Conversely, Grayscale experienced withdrawals worth around $14 million, indicating a divided opinion among larger institutions regarding Ethereum’s future performance.

XRP Market Today

1) In the past day, the value of XRP was exchanging hands at approximately $3.31, representing a 10% boost. The lowest it went in that period was $3, while the highest it reached was $3.38. Over the course of a week, XRP experienced a substantial 45% increase and an astounding 500% growth over the past three months, indicating a robust market trend for this cryptocurrency.

At the CfC St. Moritz event, Ripple‘s CEO Brad Garlinghouse emphasized the possibility of U.S. cryptocurrency reserves potentially incorporating XRP, SOL, and USDC, given the increasing institutional interest in these digital assets. This optimistic outlook is evident in today’s crypto market, as XRP is experiencing a surge in popularity.

Solana Market Today

Currently, the value of Solana is being exchanged at around $212, marking a 5% rise over the past day. In the same timeframe, its lowest and highest prices were recorded as $198.7 and $216.9 respectively. The market capitalization for Solana now stands at approximately $103 billion.

Top Crypto Market Gainers Today

Today’s top 5 cryptocurrencies showing significant growth, along with their current prices and the percentage increase over the past 24 hours, can be found below:

1. Coin A ($X) has risen by XX% in the last 24 hours and is currently trading at $YY.
2. Coin B ($Y) has seen a gain of XX% in the last day, with its current price being $ZZ.
3. Coin C ($Z) experienced an increase of XX%, now valued at $AA.
4. Coin D ($W) climbed by XX%, currently priced at $VV.
5. Lastly, Coin E ($U) surged by XX% and is now trading at $TT.

Hedera (HBAR): Price – $0.386 | 24-hour gain – 20%

Fartcoin (FARTCOIN): Price – $1.46 | 24-hour gain – 20%

EOS: Price – $0.983 | 24-hour gain – 14%

Algorand (ALGO): Price – $0.48 | 24-hour gain – 11%

Flare (FLR): Price – $0.028 | 24-hour gain – 10%

Top Crypto Market Losers Today

Today’s Crypto Market Top 5 Losers: The following list shows each cryptocurrency’s current price and the percentage decrease it experienced within the past 24 hours:

Today’s Crypto Market: Here’s a rundown of the top 5 digital currencies with their latest prices and the amount they dropped in value over the last day:

Or even more informally:

Check out the biggest losers in today’s crypto market! The following list shows each coin, its current price, and how much it plummeted in the past 24 hours.

ai16z (AI16Z): Price – $1.33 | 24-hour loss – 12%

Virtuals Protocol (VIRTUAL): Price – $3.47 | 24-hour loss – 5.68%

Sonic (S): Price – $0.7751 | 24-hour loss – 5.37%

Lido DAO (LDO): Price – $2.00 | 24-hour loss – 4.32%

Pudgy Penguins (PENGU): Price – $0.0333 | 24-hour loss – 2.9%

Meme Crypto Market Today

Today, meme coins have displayed a positive trend, with prices increasing. For instance, Dogecoin (DOGE) experienced a rise of 3%, currently trading at approximately $0.387. Similarly, Shiba Inu (SHIB) saw a gain of 2% and is now priced at around $0.00002265. Several other notable meme coins such as PEPE, BONK, and WIF have also shown significant growth, with their prices increasing by 2-5% over the past 24 hours.

Conversely, an analysis of the one-hour chart reveals some bearish trends, as Bitcoin (BTC) dipped by approximately 1% within the last hour. Similarly, Fartcoin and IOTA saw declines of 2-5%. Meanwhile, noteworthy news emerges as Nasdaq submits a 19b-4 filing for the Canary Litecoin ETF.

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2025-01-17 07:09