The crypto price on January 16, 2025 witnessed strong bullish movement, with BTC again crossing $100,000. Most altcoins were in good shape as well, and XRP went to an all-time high of $3.1. Fartcoin (FARTCOIN) was seen as the gainer of the day, surging by 28% in the last 24 hours.
Market Performance
- Global crypto market went up by 3.7% and hit a total market capitalization of $3.5 trillion.
- Trading volume increased 25% and reached $158 billion.
- Expect the positive sentiment to continue because investors wait for major economic data to be released later in the week.
Crypto Price on January 16, 2025
1. Bitcoin Price
- Current Price: $99,558
- 24-Hour Low: $96,518
- 24-Hour High: $100,798
- Market Cap: $1.97 trillion
- Inflow: BTC ETF had an inflow of $723 million. Fidelity led the flow with a purchase of $463 million.
Also read: Cryptocurrency Market Trends in Jan 2025
2. Ethereum Price
- Current Price: $3,363
- 24-Hour Low: $3,186
- 24-Hour High: $3,473
- Inflows: ETH ETFs had an inflow of $40 million through Fidelity contributing $29 million.
On the other hand, Ethereum co-founder Vitalik Buterin highlighted Soneium as the most promising Layer 2 solution for Ethereum.
3. XRP Price
- Current Price: $3.01 (all-time high of $3.17)
- Market Cap: $173 billion
- Increase: It marked the 8% increase in the last 24 hours.
Also read: The 4 Crypto Tokens Investors Can’t Afford to Ignore
4. Solana Price
- Current Price: $202
- Increase: Recorded an 8% rise in the last 24 hours.
- Price Range: 24 hour low at $186 and 24 hour high of $206.
Top Crypto Gainers
Below are the top five crypto gainers over the past 24 hours:
- Fartcoin (FARTCOIN): Price $1.23, Gain 28%
- Virtuals Protocol (VIRTUAL): Price $3.67, Gain 27%
- XDC Network: Price $0.1326, Gain 17%
- Litecoin (LTC): Price $119, Gain 16.2%
- Lido DAO (LDO): Price $2.09, Gain 15%
These tokens show remarkable interest and growth in the altcoin sector.
Also read: Elon Musk X Payment
Top Crypto Losers
The only notable decline was observed in Movement (MOVE), which fell by 2.5%, trading at $0.80 with a range between $0.79 and $0.83.
Also read: What Were the Scam Coins Used During Electrum Coins?
Personal Analysis
Bullish trend in crypto that started on January 16 indicates a good recovery phase for Bitcoin and the altcoins. The deep inflow in Bitcoin and Ethereum ETF implies higher institutional confidence, which would further propel prices within the next weeks.
However, the volatility is still in the pipeline, as investors await critical economic data that will influence market sentiment significantly. On the whole, this momentum represents a positive direction for cryptocurrencies, which are gradually picking up both from retail and institutional investors.
(Source: Coingape)
