The crypto price on January 24, 2025, already is undergoing heavy ups and downs with mixed responses among traders and investors globally. This day, Bitcoin (BTC) has significantly exceeded $104,000, while altcoins are exhibiting diverse responses. Ethereum (ETH) and Solana (SOL) are on the rise, whereas XRP and meme coins like DOGE are facing declines.
The global crypto market cap has slightly decreased by 0.11%, now standing at $3.54 trillion, despite a significant increase in total market volume by 40% to $202.98 billion.
Crypto Price on January 24, 2025
1. Bitcoin Price:
- Current Trading Price: $104,088
- 24-hour Gain: +1%
- Intraday Low/High: $101,257.80 / $106,820.33
The bullish sentiment towards Bitcoin is evidenced in its recent price appreciation, which is (primarily) due to a market enthusiasm toward Bitcoin.
2. Ethereum Price:
- Current Trading Price: $3,299
- 24-hour Gain: +2%
- Intraday Low/High: $3,184.07 / $3,347.66
Ethereum still is showing toughness with a consistently upward trend.
3. XRP Price:
- Current Trading Price: $3.12
- 24-hour Loss: -1%
- Intraday Low/High: $3.04 / $3.17
XRP is currently in a period of fixture with small incremental movements.
4. Solana Price:
- Current Trading Price: $252.63
- 24-hour Gain: +1.5%
- Intraday Low/High: $242.50 / $257.43
The price of Solana fluctuates but is increasing slightly.
Also read: Top 3 New Meme Coins to Buy
Meme Coin Performance
The meme coin sector has seen notable declines:
- DOGE: Down 1% to $0.3483
- SHIB: Down nearly 2% to $0.00001978
- TRUMP Token: Down 11% to $33.09
Generally this industry is known for its extreme volatility and uneven investor mood.
Related: Trump Meme Coin Saga
Top Crypto Gainers
1. Mantle (MNT)
- Price: $1.17
- 24-hour Gain: +10%
2. Ethereum Classic (ETC)
- Price: $27.14
- 24-hour Gain: +3%
3. Jupiter (JUP)
- Price: $0.7976
- 24-hour Gain: +3%
4. KuCoin Token (KCS)
- Price: $12.16
- 24-hour Gain: +6%
Must read: Trump Pro-Crypto Policies
Top Crypto Losers
1. ai16z (AI16Z)
- Price: $0.8148
- 24-hour Loss: -14%
2. Fartcoin (FARTCOIN)
- Price: $1.23
- 24-hour Loss: -14%
3. THORChain (RUNE)
- Price: $2.78
- 24-hour Loss: -11%
4. XDC Network (XDC)
- Price: $0.1112
- 24-hour Loss: -10%
Also read: Cryptocurrency Market Trends in Jan 2025
Personal Analysis
The current cryptocurrency market state is a result of intricate investor attitude and market dynamics. That bitcoin price stays above the vital threshold of $104K is a sign of investment trust and enthusiasm for the asset as a store of value in the present time of severe economic uncertainty.
But, the uneven performance of altcoins implies that although some projects such as Ethereum and Solana are becoming more popular, some are losing traction, especially in the meme coin world, that is, the volatility is out of control.
The noticeable increase of overall market volume suggests that following an apparent decrease in the overall market capitalization, there still exists an actively trading market and that may indicate some amount of recovery or greater volatility in the short to midterm.
Investors should remain vigilant and consider both macroeconomic factors and individual asset fundamentals when navigating this unpredictable landscape as we progress through 2025.
(Source: Coingape)
