Table of Contents
Highlights
- Bitcoin rises 2.5% over the past day, recovering above $97K.
- With a 12% increase, XRP tops market gains and is the best-performing coin among the top ten.
- AIXBT reports a remarkable 43% rise, propelling cryptocurrencies' upward trend.
- The meme cryptocurrency market is showing bullish trends, with Dogecoin and Shiba Inu both up 2–6%.
With Bitcoin (BTC) regaining pace and surpassing the $97K mark after plunging to a low of $89K earlier this week, the cryptocurrency market saw a widespread comeback today. The U.S. Consumer Price Index (CPI) inflation data, which is scheduled for release today, is now the center of traders’ attention because it has the potential to greatly influence the direction of the market in the days ahead.
With a 12% rise over the past day, Ripple’s XRP has maintained its upward trajectory and is now the top-performing cryptocurrency among the top ten. With a 43% increase, AIXBT also reported impressive gains, adding to the generally upbeat market mood.
Today's Cryptocurrency Market: Bullish Signs for BTC, ETH, XRP, and SOL
Today, following a month of declining momentum, the cryptocurrency market is beginning to show indications of recovery. Ethereum (ETH) and Solana (SOL) saw gains of about 2% over the past day, while Bitcoin (BTC) recovered the $97K mark. With a 12% increase, XRP continued to be the best performer. Anthony Pompliano, a longtime Bitcoin owner, has pushed former US President Donald Trump to think about establishing a Bitcoin national reserve in order to improve economic stability.
The current price of bitcoin
The price of bitcoin was up 2.5% over the previous day, trading at $96,975 today. Bitcoin’s 24-hour high was $97,504 and its 24-hour low was $94,757.
Farside Investors reports that $9.7 million was invested in Bitcoin ETFs. Bitwise sold off $9 million, while WisdomTree led the buying, increasing its shares by $10 million. Market players are on guard as BlackRock’s ETF data is still awaited.
Today's Ethereum Price
Today’s price of $3,210 for Ethereum was a 1.5% rise over the previous day. ETH’s 24-hour high and low were $3,256 and $3,158, respectively. With Bitwise covering the full purchase, ETH ETFs experienced a $1.15 million influx, indicating a resurgence of interest in Ethereum investment products
The current price of XRP
The price of XRP saw a significant 12% increase today, closing at $2.80. The 24-hour high was $2.869, while the 24-hour low was $2.517.
SEC Chair Gary Gensler came under fire from Ripple CEO Brad Garlinghouse in today’s bitcoin market for the agency’s regulation-by-enforcement strategy. This occurs as Ripple prepares for the January 15 SEC appeal hearing, which is anticipated to have an effect on XRP’s future market movement.
Today's Solana Price
Today’s price of Solana was up 2.5 percent, at $187. $184.3 was the 24-hour low, and $190 was the 24-hour high.
The Best Prices for Cryptocurrency Gainers Right Now
Here are the top 5 cryptocurrency gainers over the past 24 hours based on current prices:
Virtuals’ aixbt (AIXBT) costs $0.6412.
Gain in a day: +43%
The cost of DeXe (DEXE) is $16.09.
Gain in a day: +18%
The cost of the AI16Z is $1.33.
Gain in a day: 15%
Price of Raydium (RAY): $5.39
Gain in a day: +13.88%
Price of Kaspa (KAS): $0.1371
Gain for the day: +13.5%
The market for cryptocurrencies is currently seeing a strong comeback, with altcoins like DEXE and AIXBT driving the gains before the CPI inflation report.
The Best Prices for Cryptocurrency Gainers Right Now
Here are the top 5 cryptocurrency gainers over the past 24 hours based on current prices:
Virtuals’ aixbt (AIXBT) costs $0.6412.
Gain in a day: +43%
The cost of DeXe (DEXE) is $16.09.
Gain in a day: +18%
The cost of the AI16Z is $1.33.
Gain in a day: 15%
Price of Raydium (RAY): $5.39
Gain in a day: +13.88%
Price of Kaspa (KAS): $0.1371
Gain for the day: +13.5%
The market for cryptocurrencies is currently seeing a strong comeback, with altcoins like DEXE and AIXBT driving the gains before the CPI inflation report.
Prices of Meme Crypto TodayThe meme cryptocurrency market has also demonstrated upward momentum today, as evidenced by Dogecoin’s (DOGE) 6% price increase to $0.36. The price of Shiba Inu (SHIB), which is currently trading at $0.00002168, also increased by 2.5 percent.
In the past day, several well-known meme coins like PEPE, BONK, and FLOKI have also increased by 2 to 4%. This encouraging trend supports the rising interest in meme coins and comes after today’s recovery in the larger cryptocurrency market.
In addition, the hourly chart is bullish, with the price of Bitcoin rising by 0.2% over the past hour. Over the past hour, major altcoins have also experienced upward momentum. With a 4% gain over the previous day, XDC Network emerged as the leader.
FAQ
Bitcoin’s recovery above $97K was fueled by increased market optimism, with a notable investment of $9.7 million in Bitcoin ETFs. The broader cryptocurrency market’s bullish trend and anticipation surrounding the U.S. Consumer Price Index (CPI) data further contributed to the price rise.
XRP saw a significant 12% increase due to growing investor confidence, its sustained upward trajectory, and heightened anticipation around the January 15 SEC appeal hearing. Ripple’s CEO’s criticism of SEC’s regulation-by-enforcement strategy also spotlighted XRP’s market position.
AIXBT’s impressive 43% gain can be attributed to its strong market performance amidst a broader cryptocurrency rebound. Positive sentiment and increased investor interest in altcoins like AIXBT also played a significant role.
The CPI inflation report has the potential to influence market sentiment significantly. A favorable report could boost confidence in cryptocurrencies as a hedge against inflation, driving prices higher. Conversely, unfavorable data might introduce volatilit
Yes, meme cryptocurrencies are showing bullish trends, with Dogecoin rising 6% to $0.36 and Shiba Inu increasing by 2.5% to $0.00002168. This upward momentum indicates a renewed interest in meme coins, reflecting the positive market sentiment across the cryptocurrency landscape.
Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
Solana 
USDC 
Dogecoin 
TRON 
Cardano 
Lido Staked Ether 
Avalanche 
Toncoin 
Shiba Inu 
Pepe