Market Update

BTC recovers above $97,000, DEXE rises 18%, XRP gains 12%

The cryptocurrency market today showed signs of recovery after witnessing a sharp decline earlier this week. Bitcoin (BTC) has rebounded past the $97,000 mark after recently hitting a low of $89,000. Investors are also closely monitoring US CPI data scheduled for release today, which may impact market sentiment.

In the altcoins section, Ripple’s XRP emerged as the best-performing coin among the top 10 cryptocurrencies, rising by 12% in the past 24 hours. DeXe (DEXE) led the overall market, recording an 18% rise over the same period.

The global cryptocurrency market capitalization reached $3.38 trillion, reflecting a 2.45% increase over the past 24 hours. However, trading volume fell by 29%, settling at around $123 billion. The Fear and Greed Index remained neutral at 51, indicating balanced market sentiment.

Here is an overview of some of the top and performing cryptocurrencies in the market on January 15.

Cryptocurrency Market Today: BTC, ETH, XRP, and SOL are showing bullish signs

Today the cryptocurrency market is showing signs of recovery after a month of downward momentum. Bitcoin (BTC) has reclaimed the $97K level, while Ethereum (ETH) and Solana (SOL) are up nearly 2% over the past 24 hours. XRP remained the best performer, rising by 12%. Meanwhile, a long-time Bitcoin holder Anthony Pompliano was urged Former US President Donald Trump is considering creating a national Bitcoin reserve to promote economic stability.

Bitcoin price today

Bitcoin price today traded at $97,481, registering a 2.5% increase over the past 24 hours. BTC’s 24-hour low and high stood at $94,757 and $97,504, respectively.

according to Persian investorsBTC 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 expected, keeping market participants vigilant.

Ethereum price today

Today, Ethereum price was trading at $3,210, reflecting a 1.5% increase over the past 24 hours. ETH’s 24-hour low and high were at $3,158 and $3,256, respectively. ETH ETFs saw an inflow of $1.15 million, with Bitwise accounting for the entire purchase, indicating renewed interest in Ethereum investment products.

XRP price today

Today, the price of XRP saw a significant rise of 12%, trading at $2.80. The 24-hour low and high were at $2,517 and $2,869, respectively.

In today’s cryptocurrency market, Ripple CEO Brad Garlinghouse SEC Chairman Gary Gensler has been criticized for the agency’s approach to regulation by enforcement. This comes as Ripple prepares for the SEC’s appeal hearing on January 15, which is expected to impact future XRP market movement.

Solana price today

Solana’s price is up 2.5% today, trading at $187. The 24-hour low and high were $184.3 and $190, respectively.

Today’s top winning cryptocurrency prices

According to today’s cryptocurrency prices, here are the top 5 winning cryptocurrencies in the last 24 hours:

aixbt by Virtuals (AIXBT)

Price: $0.6412
Profit within 24 hours: +43%

Dixie (Dixie)

Price: $16.09
Profit within 24 hours: +18%

ai16z (AI16Z)

Price: $1.33
Profit within 24 hours: +15%

radium (ray)

Price: $5.39
24-hour profit: +13.88%

Kaspa (KAS)

Price: $0.1371
Profit within 24 hours: +13.5%

Today the cryptocurrency market is showing a significant rebound, with altcoins like AIXBT and DEXE leading gains ahead of CPI inflation data.

Today’s highest losing prices for cryptocurrencies

Based on today’s cryptocurrency prices, here are the top 5 crypto losers in the past 24 hours:

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 general recovery in the cryptocurrency market today, these currencies have seen declines over the past 24 hours.

Crypto meme prices today

The meme market today also showed bullish momentum, with the price of Dogecoin (DOGE) up 6% and now trading at $0.36. Likewise, the price of Shiba Inu (SHIB) rose 2.5%, and is now trading at $0.00002168.

Other notable meme coins such as PEPE, BONK, and FLOKI have also risen by 2 to 4% in the past 24 hours. This positive trend follows the recovery in the broader cryptocurrency market today, reinforcing the growing interest in meme coins.

Additionally, the hourly chart also looks bullish, with Bitcoin price up 0.2% in the past hour. Major altcoins have also seen positive momentum in the past hour. XDC Network took the lead with a 4% gain over the past 24 hours. In more positive news, Bitwise CIO has been highlighted Three main trends are driving companies to adopt Bitcoin.

✓ Share:

Quinjab Staff

CoinGape has an experienced team of original content writers and editors who work around the clock to cover news globally and present news as fact rather than opinions. CoinGape writers and reporters contributed to this article.

Disclaimer: The provided content may include the personal opinion of the author and is subject to the market situation. Conduct market research before investing in cryptocurrencies. The author or publication does not accept any responsibility for your personal financial loss.



https://coingape.com/wp-content/uploads/2023/08/why-is-the-crypto-market-rising-today.jpg

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button