Crypto Prices Today: Bitcoin Zooms Past $45K, Ethereum and Pepe Coin Rally
The crypto market was buoyant on the first day of the new year, with Bitcoin breaking above the $45,000 mark — the first time in the last 20 months. The price surge came as the market warmed up to the possibility that the US securities regulator could approve a spot Bitcoin exchange-traded fund (ETF) any moment now.
Bitcoin price rose quickly from the $42,000 level on Jan 1, jumping more than 7% in the last 24 hours to $45,373. The OG cryptocurrency now commands a market capitalization of 887.77 billion — a more than 7% jump in the past day. Its trading volume over the last 24 hours surged by 54.54% to $25.88 billion. The leading cryptocurrency has appreciated more than 170% year-to-date.
Meanwhile, Ethereum price climbed nearly 5% in the last 24 hours. It last changed hands at $2,382, a 4.86% rise from yesterday’s closing price. The 24-hour trading volume also saw a 21% surge to $8.52 billion, with Ether sitting at a total market cap of roughly $286.2 billion.
Other major tokens, such as Tether (USDT) and Binance Coin (BNB), were in the green zone, as of writing, rising 0.02% each in the last 24 hours. At press time, Tether’s price stood at $1 while BNB’s price stood at $318.
Bitcoin’s price rally on Jan 1 also fueled a surge in the prices of other altcoins. Solana’s (SOL) price rose 0.24% to $111.49 in the last 24 hours, while XRP’s price appreciated by 0.07% to $0.634. However, Cardano’s (ADA) price was down 0.10% to $0.629 in the past day.
Bitcoin’s phenomenal 24-hour run along with marginal gains recorded by other major tokens, sent the global crypto market cap soaring to $1.74 trillion, up 5.64% in the last 24 hours.
Top Cryptos for Today
Pepe Coin Rallies Over 10%
Meme coin PEPE was among the top gainers in the past day, with the PEPE price standing at 0.0000000001773 at press time. The altcoin has rallied more than 10% in the last 24 hours and appreciated by more than in the last seven days. The 24-hour trading volume surged by a whopping 1345% to $1,656.
Shiba Inu Surges Nearly 5%
The OG meme coin also had a good run in the last 24 hours, surging more than 5% to $0.00001082. The price surge was reflected in the altcoin’s market cap, which grew by over 5.4% to nearly $6.38 billion. Meanwhile, the 24-hour trading volume stood at $114.02 million, up more than 29%.
SEI Price Jumps Roughly 30$
The price rally in the SEI token outpaced market heavyweights like Bitcoin, Ethereum, and Solana in the last 24 hours. As of writing, SEI’s price stood at $0.755, up more than 30% in the past day.
- XRP to $9? Analysts Tip ‘XRP Is a Buy’ as Price Targets 200% Surge
- CZ Endorses Hyperliquid Rival Aster DEX, Token Rallies 1,500%
- Tom Lee’s BitMine Adds $84M in ETH as Expert Predicts Ethereum Rally to $5K
- Grayscale’s Crypto Index Fund Sees ‘Solid Start’ as SOL, XRP Institutional Demand Climbs
- Senate Democrats Urge Republicans for ‘True Collaboration’ to Quickly Pass CLARITY Act
- Bitcoin Price Prediction: Analyst Highlights Breakout Patterns as Coinbase CEO Backs Crypto Structure Bill
- Dogecoin Price Prediction: Grayscale ETF Move Aligns With Cycle Breakout
- Chainlink Price Prediction: Whales Scoop 2M LINK as Analysts Eye 184% Breakout Rally
- Shiba Inu (SHIB) Price Prediction: Massive SHIB Burn and 80-Week Cycle Mirroring Past Rallies: Will History Repeat?
- Cardano Price Stays Above Ichimoku Cloud as Grayscale ADA ETF Approval Nears
- HBAR Price Prediction as SEC Approves Generic ETF Framework – Analyst Targets $1.80
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
