Cryptocurrency News Today (January 16, 2025): Bitcoin price approaches $100,000

Today, the cryptocurrency market is witnessing a rise in investor interest, and as a result, the company’s market capitalization has increased by 4.27% to reach $3.48 trillion. Needless to say, trading activity rose by a staggering 28.29% within 24 hours to reach $158.58 billion. Amid the rising numbers, the Fear and Greed Index rose to 60, underscoring the shift in sentiment toward greed.

Bitcoin price waiting for bulls?

Bitcoin’s price continues its steady climb, rising 2.45% over the past 24 hours to reach $99,023.32. BTC’s market cap now stands at $1.96 trillion, representing the lion’s share of the market. Bitcoin trading volume also saw a significant increase of 12.10%, reaching $57.76 billion, reflecting strong investor interest.

Discover our site Bitcoin price forecast To delve deeper into the potential future performance of BTC.

Altcoins are hitting the spotlight

Ethereum posted a strong gain of 4.54%, trading at $3,345.55, while Solana emerged as the best performer among the major altcoins, rising 12.33% to $209.76. XRP stole the spotlight with a remarkable 16.01% rise, trading at $3.18, indicating strong investor confidence.

For more ideas, check out our website Ethereum price prediction and Solana price forecast Articles.

Top winners and losers

In the past 24 hours, VIRTUAL led the market with a massive 27.63% rise, followed by FARTCOIN, which was up 24.81%, and XDC Network, which was up 21.26%. On the other hand, MOVE and OKB recorded slight losses of 2.01% and 1.61%, respectively.

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