Why did cryptocurrency prices rise today? BTC exceeds $106,000, and the SPX index rises by 30%

Cryptocurrency prices rose today, driven by the upcoming inauguration of Donald Trump and Gary Gensler’s last day in office. Bitcoin (BTC) rose to $106,000, while SPX6900 (SPX) rose 30%, reflecting strong market momentum. Meme coins have also risen significantly in the past 24 hours. The global cryptocurrency market grew by 2%, to $3.66 trillion, with trading volume increasing by 3% to $163 billion.

Cryptocurrency prices today: BTC, ETH, XRP and SOL performance

Bitcoin (BTC) rose 2.5%, trading above $103,000, while Ethereum (ETH) rose 1%. Solana (SOL) stock rose 6%, reflecting strong investor sentiment. However, XRP saw a 2% decline amid mixed trends. Meanwhile, Massachusetts proposed a Bitcoin reserve billIt is likely to invest up to 10% of its $9 billion fund in Bitcoin, boosting market optimism.

Bitcoin prices today: steady gains amid strong flows

Bitcoin price was traded at $103,095, with a 24-hour low of $100,941 and a high of $105,890. Its market capitalization has reached $2.05 trillion, showing strong market momentum. SoSo Value Data It reported $975 million in Bitcoin inflows, with Fidelity leading purchases worth $326 million. Bitwise contributed $208 million, while BlackRock bought $375 million in ETFs.

Ethereum Prices Today: Modest Gains Amid ETF Inflows

In today’s cryptocurrency prices, Ethereum was trading at $3,393, reflecting a 1% increase over the past 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 the buying by adding $14 million to its holdings on Friday, indicating consistent investor interest.

XRP Prices Today: Slight decline amid regulatory headlines

The price of XRP was trading at $3.22, recording a 3% decline in the past 24 hours. The 24-hour low and high were at $3,182 and $3,342, respectively. Meanwhile, Stuart Alderotti, Ripple’s chief legal officer, celebrated SEC Chairman Gary GenslerHis last day in office, sparking discussions about future organizational shifts.

Solana Prices Today: SOL up 6%

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

Crypto meme prices today

The coins showed bullish momentum with most of them trading in the green. Dogecoin (DOGE) is up 7% and is now trading at $0.41. The Shiba Inu (SHIB) followed with a 6% increase, trading at $0.0000237.

Other notable meme coins also performed well, with PEPE up 6%, BONK up 14%, and SPX6900 (SPX) gaining 32%. Today’s cryptocurrency meme market reflects positive sentiment across the sector.

Today’s top winning cryptocurrency prices

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

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

Bonk (bonk): Price – $0.00003271 | 24-hour gains – 14%

OKP (OKP): Price – $56.7 | 24-hour gains – 12.4%

KAIA: Price – $0.2549 | 24-hour gains – 11.17%

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

These winners highlight the strong investor interest and market momentum today.

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:

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

FARTCOIN: Price – $1.23 | 24 hour loss – 15%

Virtual (default) protocol: Price – $3.13 | 24 hour loss – 9%

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

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

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

Besides, the hourly chart shows a slight correction after the recent bullish momentum, with Bitcoin (BTC) down 0.8%, and major cryptocurrencies like Ethereum (ETH) and Ripple also down more than 1%. Fartcoin emerged as the biggest loser, falling 14% in the past hour. In other news, CryptoCom announced Obtain a MiCA license in principle.