The cryptocurrency market today witnessed a broad recovery, with Bitcoin (BTC) regaining momentum and crossing the $97K mark after dipping to a low of $89K earlier this week. Traders are now focused on the U.S. Consumer Price Index (CPI) inflation data, set to be released today, which could significantly impact market direction in the coming days.
Ripple’s XRP continued its upward trend, gaining 12% in the last 24 hours, making it the best-performing coin among the top 10 cryptocurrencies. AIXBT also posted strong gains, rising by 43%, contributing to the overall positive market sentiment.
The global crypto market cap climbed to $3.38 trillion, up 2.45% over the last 24 hours. However, the trading volume saw a sharp drop of 29%, standing at $123 billion. The Fear and Greed Index remained neutral at 51, reflecting a cautious yet balanced market sentiment as investors anticipate the CPI report’s impact.
Cryptocurrency Market Today: BTC, ETH, XRP, and SOL Show Bullish Signs
The cryptocurrency market today is showing signs of recovery after a month of downward momentum. Bitcoin (BTC) reclaimed the $97K level, while Ethereum (ETH) and Solana (SOL) gained approximately 2% in the last 24 hours. XRP remained the top performer, surging 12%. Meanwhile, long-time Bitcoin holder Anthony Pompliano has urged former U.S. President Donald Trump to consider creating a Bitcoin national reserve to strengthen economic stability.
Bitcoin Price Today
Bitcoin price today was trading at $96,975, marking a 2.5% increase over the last 24 hours. The 24-hour low and high for BTC stood at $94,757 and $97,504, respectively.
According to Farside Investors, BTC ETFs recorded an inflow of $9.7 million. WisdomTree led the purchases, adding $10 million to its holdings, while Bitwise offloaded $9 million. BlackRock’s ETF data is still anticipated, keeping market participants watchful.
Ethereum Price Today
Ethereum price today was trading at $3,210, reflecting a 1.5% increase over the last 24 hours. The 24-hour low and high for ETH stood at $3,158 and $3,256, respectively. ETH ETFs saw an inflow of $1.15 million, with Bitwise accounting for the entire purchase, signaling renewed interest in Ethereum investment products.
XRP Price Today
XRP price today saw a notable surge of 12%, trading at $2.80. The 24-hour low and high stood at $2.517 and $2.869, respectively.
In the cryptocurrency market today, Ripple CEO Brad Garlinghouse criticized SEC Chair Gary Gensler for the agency’s regulation-by-enforcement approach. This comes as Ripple braces for the SEC’s appeal hearing scheduled for January 15, which is expected to impact XRP’s future market movement.
Solana Price Today
Solana price today was up by 2.5%, trading at $187. The 24-hour low and high were $184.3 and $190, respectively.
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%
The cryptocurrency market today shows significant recovery, with altcoins like AIXBT and DEXE leading the gains ahead of the CPI inflation data.
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%
Despite the overall recovery in the cryptocurrency market today, these coins experienced declines in the last 24 hours.
Meme Crypto Prices Today
The meme cryptocurrency market today has also shown bullish momentum, with Dogecoin (DOGE) price up by 6% and now trading at $0.36. Similarly, Shiba Inu (SHIB) price was up by 2.5%, now trading at $0.00002168.
Other notable meme coins like PEPE, BONK, and FLOKI are also up by 2 to 4% in the last 24 hours. This positive trend follows the recovery in the broader cryptocurrency market today, reinforcing the growing interest in meme coins.
Besides this, the hourly chart also looks bullish, with Bitcoin price up by 0.2% in the last hour. Major altcoins have also seen positive momentum in the last hour. XDC Network took the lead with a 4% gain in the last 24 hours. In more positive news, Bitwise CIO highlighted three key trends driving corporate Bitcoin adoption.
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