Crypto Market Today: In a riveting flip of occasions, following Donald Trump’s presidential inauguration on Monday, the crypto realm seems to have witnessed combined value actions lately. While Bitcoin (BTC) value maintained a maintain above the $102K stage, prime meme cash resembling Dogecoin (DOGE), Shiba Inu (SHIB), and Official Trump (TRUMP) have traded within the purple territory.
Notably, the worldwide cryptocurrency market cap jumped almost 1% over the previous day to achieve $3.52 trillion. Further, the worldwide buying and selling quantity dropped 7.5% to $318.11 billion. Ethereum (ETH) and Solana (SOL) showcased a sideways buying and selling session intraday. Besides, XRP hovered within the inexperienced territory.
Here’s a quick overview of among the prime cryptocurrencies by market cap and their value motion on January 21.
Crypto Market Today: BTC Resilient Post-Trump’s Inauguration, Meme Coins Dip
Despite the pro-crypto Republican U.S. president’s latest failure to say crypto as a prime precedence, BTC has showcased potential by avoiding additional dips. CoinGape reported that Trump’s Administration has failed to say cryptocurrency as a prime precedence in a latest doc despatched to Republican lawmakers. This saga has raised extreme uncertainties, opposite to the forty seventh president’s pro-crypto guarantees made final 12 months.
However, alongside BTC, ETH, XRP, and SOL have additionally showcased resiliency, avoiding main value dips. Besides, the meme crypto market has seen notable drops, with the TRUMP token main the autumn. So, let’s gauge in on the crypto costs right this moment.
Bitcoin (BTC) Price Today
BTC value showcased a 1% improve in worth on the time of reporting and is at the moment sitting at $102,725. The coin’s intraday high and low have been $100,103.96 and $109,114.88, respectively. Notably, the intraday value chart reveals a extremely unstable motion, sparking opposite speculations as Trump takes workplace and the market eagerly awaits positive factors. Besides, a latest BTC price analysis by CoinGape reveals that expectations of latest all-time highs are forming across the $120K and $130K ranges amid broader developments.
Ethereum (ETH) Price Today
Further, ETH value slipped marginally by 0.3% over the previous day and is at the moment buying and selling at $3,257. Its intraday high and low have been $3,202.49 and $3,444.28, respectively. Notably, a latest Ethereum price analysis by CoinGape revealed that the coin might instantly skyrocket to $7,000. This bullish anticipation comes in opposition to the backdrop of rising whale accumulations and powerful bullish technical patterns.
XRP Price Today
XRP value chart for right this moment underscored a marginal 0.4% uptick at press time, reaching $3.11. The Ripple-backed crypto’s 24-hour high and low have been $3.05 and $3.35, respectively. Intriguingly, famend crypto analyst Ali Martinez posted on X, revealing that XRP has damaged out of a bullish flag. This hints at a $4.40 value goal looming for the asset.
Solana (SOL) Price Today
SOL value slipped 1% over the previous day and is at the moment sitting at $238. The coin’s intraday high and low have been $232.40 and $272.15, respectively. Intriguingly, cryptocurrency knowledgeable “Ash Crypto” has lately posted on X, revealing that a number of customers are unable to withdraw SOL from Coinbase amid the crypto’s rising recognition post-Trump’s inauguration.
Meme Crypto Market Today
Dogecoin value cracked 4% intraday and is at the moment buying and selling at $0.3475. Notably, the meme coin’s slumping value motion falls in step with the latest Elon Musk DOGE lawsuit that raised uncertainty amongst buyers.
Also, TRUMP value crashed by 21%, reaching $35.19, regardless of the Republican taking workplace. SHIB value tanked 2.5% and is at the moment resting at $0.00002004. Even PEPE value dipped 2.5% to commerce at $0.00001533.
Top Crypto Market Gainers Today
Raydium (RAY)
Price: $7.60
24-Hour Gains: +28%
Aave (AAVE)
Price: $345
24-Hour Gains: +12%
ai16z (AI16Z)
Price: $0.8779
24-Hour Gains: +10%
Mantle (MNT)
Price: $1.04
24-Hour Gains: +9%
Top Crypto Market Losers Today
Fartcoin (FARTCOIN)
Price: $1.72
24-Hour Loss: -13%
Movement (MOVE)
Price: $0.6983
24-Hour Loss: -6%
Bittensor (TAO)
Price: $397
24-Hour Loss: -5%
MANTRA (OM)
Price: $3.5
24-Hour Loss: -5%
Overall, the market at the moment displays an unsure investor sentiment regardless of the pro-crypto presidential inauguration. Nevertheless, long-term prospects stay bullish, as additionally harassed by crypto analyst Ali Martinez. Ali states that the “first pro-crypto U.S. President just got inaugurated,” while the market is panic promoting. Traders and buyers proceed to observe cryptocurrencies for additional value motion shifts.
Coingape Staff
CoinGape includes an skilled staff of native content material writers and editors working around the clock to cowl information globally and current information as a reality slightly than an opinion. CoinGape writers and reporters contributed to this text.
Disclaimer: The offered content material could embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability in your private monetary loss.
