The cryptocurrency market today showed signs of recovery after experiencing a sharp drop earlier this week. Bitcoin (BTC) rebounded past the $97K mark after hitting a recent low of $89K. Investors are also closely watching the U.S. Consumer Price Index (CPI) data scheduled for release today, which could influence market sentiment.
In the altcoin section, Ripple’s XRP emerged as the top-performing coin among the top 10 cryptocurrencies, gaining 12% in the last 24 hours. DeXe (DEXE) led the overall market, recording an 18% surge during the same period.
The global crypto market cap stood at $3.38 trillion, reflecting a 2.45% increase over the last 24 hours. However, trading volume dropped by 29%, settling at approximately $123 billion. The Fear and Greed Index remained neutral at 51, indicating a balanced market sentiment.
Here’s an overview of some top cryptocurrencies and their market performance on Jan 15.
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 was trading at $97,481, 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 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 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 was up by 2.5%, trading at $187. The 24-hour low and high were $184.3 and $190, respectively.
As per crypto prices today, here are the top 5 crypto gainers over the last 24 hours:
Price: $0.6412
24-hour gain: +43%
Price: $16.09
24-hour gain: +18%
Price: $1.33
24-hour gain: +15%
Price: $5.39
24-hour gain: +13.88%
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.
As per crypto prices today, here are the top 5 crypto losers over the last 24 hours:
Price: $1
24-hour loss: -6.6%
Price: $0.822
24-hour loss: -5.47%
Price: $1.14
24-hour loss: -4.44%
Price: $4.51
24-hour loss: -3.52%
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.
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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