Why Are Crypto Prices Up Today? BTC Crosses $106K, SPX Surges 30%

Crypto prices are up today, fueled by Donald Trump’s upcoming inauguration and Gary Gensler’s last day in office. Bitcoin (BTC) surged to $106K, while SPX6900 (SPX) gained 30%, reflecting strong market momentum. Meme coins also rallied significantly in the past 24 hours. The global crypto market grew by 2%, reaching $3.66 trillion, with a 3% rise in trading volume to $163 billion.

Crypto Prices Today: BTC, ETH, XRP, and SOL Performance

Bitcoin (BTC) price rose by 2.5%, trading above $103K, while Ethereum (ETH) gained 1%. Solana (SOL) surged by 6%, reflecting strong investor sentiment. However, XRP saw a 2% decline amidst mixed trends. Meanwhile, Massachusetts has proposed a Bitcoin reserve bill, potentially investing up to 10% of its $9 billion fund in BTC, further boosting market optimism.

Bitcoin Prices Today: Steady Gains Amid Strong Inflows

Bitcoin price was trading at $103,095, with a 24-hour low of $100,941 and a high of $105,890. Its market cap reached $2.05 trillion, showcasing strong market momentum. SoSo Value data reported $975 million in BTC inflows, with Fidelity leading purchases at $326 million. Bitwise contributed $208 million, while BlackRock’s bought $375 million in ETF.

Ethereum Prices Today: Modest Gains Amid ETF Inflows

In crypto prices today, Ethereum was trading at $3,393, reflecting a 1% increase in the last 24 hours. Its 24-hour low and high were $3,348 and $3,525, respectively. ETH ETFs recorded an inflow of $23 million, with Fidelity leading purchases by adding $14 million to their holdings on Friday, indicating steady investor interest.

XRP Prices Today: Slight Dip Amid Regulatory Headlines

XRP price was trading at $3.22, marking a 3% decline in the last 24 hours. Its 24-hour low and high stood at $3.182 and $3.342, respectively. Meanwhile, Ripple’s Chief Legal Officer, Stuart Alderoty, celebrated SEC Chair Gary Gensler’s final day in office, sparking discussions on future regulatory shifts.

Solana Prices Today: SOL Rises by 6%

Solana (SOL) price was trading at $221, reflecting a 6% increase in the last 24 hours. The 24-hour low and high for SOL were $211 and $228, respectively. Solana’s strong performance underscores the bullish momentum in the crypto market today as investors focus on key market movers.

Meme Crypto Prices Today

Meme coins exhibited bullish momentum as most traded in the green. Dogecoin (DOGE) rose by 7%, now trading at $0.41. Shiba Inu (SHIB) followed with a 6% increase, trading at $0.0000237.

Other notable meme coins also performed well, with PEPE up by 6%, BONK surging by 14%, and SPX6900 (SPX) gaining a remarkable 32%. The meme crypto market today reflects positive sentiment across the sector.

Top Cryptocurrency Gainer Prices Today

As per crypto prices today, here are the top 5 crypto gainers over the last 24 hours:

SPX6900 (SPX): Price – $1.40 | 24-hour gain – 32%

Bonk (BONK): Price – $0.00003271 | 24-hour gain – 14%

OKB (OKB): Price – $56.7 | 24-hour gain – 12.4%

Kaia (KAIA): Price – $0.2549 | 24-hour gain – 11.17%

Ondo (ONDO): Price – $1.35 | 24-hour gain – 10%

These gainers highlight strong investor interest and market momentum today.

Top Cryptocurrency Loser Prices Today

As per crypto prices today, here are the top 5 crypto losers over the last 24 hours:

ai16z (AI16Z): Price – $1.06 | 24-hour loss – 20%

Fartcoin (FARTCOIN): Price – $1.23 | 24-hour loss – 15%

Virtuals Protocol (VIRTUAL): Price – $3.13 | 24-hour loss – 9%

Pudgy Penguins (PENGU): Price – $0.030 | 24-hour loss – 8%

IOTA (IOTA): Price – $0.383 | 24-hour loss – 6.23%

These cryptocurrencies have experienced declines in their prices over the past 24 hours.

Beside this, the hourly chart shows a slight correction after the recent bullish momentum, with Bitcoin (BTC) down by 0.8%, and major cryptos like Ethereum (ETH) and XRP also declining by over 1%. Fartcoin emerged as the biggest loser, dropping 14% in the last hour. In other news, CryptoCom announced receiving an in-principle MiCA license.