Cryptocurrency news today (January 21, 2025): Bitcoin price is $104,000
The global cryptocurrency market saw a decline today, with the total market capitalization falling by 2.20% to $3.58 trillion. Trading volumes also took a big hit, falling 28.96% to $263.97 billion, reflecting reduced investor activity. While the numbers fell, Microstrategy made it to the news by purchasing 11,000 Bitcoin.
Bitcoin price today reaches $104 thousand
Bitcoin price saw a 2% decline over the past 24 hours, trading at $104,794.90. This comes after it reached an all-time high of $109,114.88 just yesterday. Bitcoin’s market capitalization decreased by 2.11% to $2.07 trillion, while trading volumes decreased by 8.85% to $103.16 billion. Meanwhile, MicroStrategy, led by Michael Saylor, made its 11th consecutive purchase, adding 11,000 BTC to its portfolio. The company now holds a staggering 461,000 BTC, demonstrating continued institutional confidence.
Curious about the next price target for BTC? Read our Bitcoin (BTC) price predictions for 2025, 2026 – 2030 now!
Mixed performance in altcoins
Ethereum, the second-largest cryptocurrency, remained relatively stable, losing just 0.29% to trade at $3,306.28. However, Solana bore the brunt of today’s correction, falling 4.22% to $243.02, while XRP fell 3.92% to $3.14.
Are you wondering if Ethereum price could reach $5k soon? Read our Ethereum price predictions 2025, 2026 – 2030 For more details!
Top winners and losers
Among the winning stocks, Raydium stock advanced by 6.82%, trading at $7.42. Mantle followed, up 6.18% to $1.07, while AI16Z rose 3.19% to $0.902. Conversely, Trump dominated the losers, falling 26.89% to $39.84. FARTCOIN and SPX6900 also suffered sharp losses, falling by 25.91% and 19.16%, respectively.
Market sentiment:
The Fear and Greed Index registered a score of 59, indicating neutral market sentiment. Traders appear cautious as the market digests the recent developments and a volatile trading session.
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Frequently asked questions
The price of 1 Bitcoin (BTC) is $104,794.90 at press time.
Raydium (RAY), Mantle, and AI16Z were among the biggest gainers, with increases of 6.82%, 6.18%, and 3.19%, respectively.
Ethereum (ETH) remains flat, with a slight loss of 0.29%, and is trading at $3,306.28.
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