The cryptocurrency industry has made a remarkable achievement, obtaining a capitalization of $3.56 trillion, exceeding the valuation of Apple that stood at $3.5 trillion, marking it as the highest valued entity worldwide.
In the past 24 hours, the market saw a 2.3% increase, with a trading volume of $152 billion.
The sentiment ahead of Trump’s inauguration has fueled Bitcoin (BTC) price past the $102,000 mark.
Meanwhile, traders are focusing on the expiration of Ethereum (eth) options with a notional value of $639 million due to expire today. Moreover, both Hedera (HBAR) and FARTCOIN have as well grown by 20% in a day.
Crypto Market Today: BTC, ETH, XRP and SOL Pour their Earnings into Their Expansion
As Everything seems for the better, the winding Trump presidency is believed to bring optimism for the SEC which promises clearer guidelines for tokens. Newer members, if any, of the self cleansing fund market became supremely optimistic when the US inflation data cooled down.
It is expected that there will be more favorable reports after the HR2 XII, thus, the bullish sentiment has exacerbated. Within the past twenty-four hours, BTC increased by one and a half percent
ETH rose by 3%, XRP increased by 10% and SOL followed suit at 5%, tapering upside alongside the aforementioned coins. This alludes to a fractional increase in all dominant currencies in the last day.
Bitcoin Market Today
Bitcoin’s price was trading at $101,185, recording a twenty four hour low of $97405 and high of $102080, correlating strongly with the stock markets number expectations. Its market cap reached $2 Trillion, reflecting strong investor confidence.
So Value data states, btc etfabs inflow reached $98 million, if we consider the market’s condition, it COULD HAVE also been supplied before but until now, has only now come to light.
It is also noteworthy that Ark and 21Shares had the lead purchases with 155 m while bitwise, marked another 2.75 m. The data of backrock’s ETF inflow is still pending.
Ethereum Has Market Today
As of now, Ethereum is trading at a price of $3,368 per coin. It traded as low as 3,266 and peaked at 3,395 over the past 24 hours. Sustained interest from investors has helped its market cap balloon to $406 billion.
ETH ETFs were formerly recorded with an inflow of $55 million, and with Fidelity leading purchases at $70 million. In contrast, Grayscale reported an outflow of $14 million, which depicts mixed feelings of the institutional investors.
XRP Have Market Today
XRP is trading at a price of $3.31 which marked an increase of 10% over the past 24 hours. For the last 24 hours XRP traded as low as $3, and peaked at $3.38. XRP has seen a tremendous 45% gain this week, and 500% gain this quarter.
Clearly, the market is really optimistic right now. Ripple’s CEO, Brad Garlinghouse, at CfC St. Moritz attributed growing adoption of cryptocurrencies among institutions
Ss a potential reason for US crypto reserves including XRP, SOL and USDC. This has translated favorably for the market where XRP is gaining momentum.
Solana Market Today
Solana currently is trading at a price of 212 USD which reflects a 5% increase over the last 24 hours. Like the previous coin, it traded as low as 198.7 and peaking at 216.9 over the last 24 hours. The market cap for Solana enhanced to 103 billion USD.
