|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Bitcoin (BTC) Price Today - January 16: BTC Surges Past $100k Mark, ETH Jumps 5%
Jan 16, 2025 at 03:33 pm
Bitcoin (BTC), the world's oldest and most valued crypto, shot above the $100,000 mark before settling withi the $99,000 range at the time of writing
Bitcoin price surged past the $100,000 mark on January 16, as per CoinMarketCap data, while other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — also landed in the greens across the board.
At the time of writing, BTC price stood at $99,725.83, registering a 24-hour jump of 2.72 percent, while Indian exchanges showed BTC price at Rs 81.85 lakh.
Meanwhile, ETH price stood at $3,384.76, marking a 24-hour gain of 4.74 percent at the time of writing. Ethereum price in India stood at Rs 2.81 lakh.
Dogecoin saw a 24-hour jump of 5.01 percent, as per CoinMarketCap data, and was priced at $0.3794 at the time of writing. Dogecoin price in India stood at Rs 28.92.
Moreover, Litecoin price saw a 24-hour gain of 17.82 percent. At the time of writing, it was trading at $120.24, while LTC price in India stood at Rs 8,774.30.
XRP price stood at $3.13, seeing a 24-hour jump of 9.21 percent. Ripple price in India stood at Rs 218.50.
Solana price stood at $203.02, marking a 24-hour gain of 6.61 percent. SOL price in India stood at Rs 15,924.36.
Top Crypto Gainers Today (January 16)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Virtuals Protocol (VIRTUAL)
Price: $3.8524-hour gain: 31 percent
Fartcoin (FARTCOIN)
Price: $1.2224-hour gain: 22 percent
Litecoin (LTC)
Price: $119.8324-hour gain: 17.59 percent
Sonic (S)
Price: $0.83724-hour gain: 17.46 percent
Algorand (ALGO)
Price: $0.460124-hour gain: 16.09 percent
Top Crypto Losers Today (January 16)
As per CoinMarketCap data, here is the only crypto loser over the past 24 hours:
Movement (MOVE)
Price: $0.80124-hour loss: 2.70 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin surged past $100k after a week-long consolidation, signalling a strong bullish comeback. The CPI data meeting expectations eased macroeconomic concerns, increasing hopes for dovish Fed policies. Investor confidence grew further with Oklahoma and Texas advancing Bitcoin Reserve proposals. Additionally, institutional participation increased with over $720 million in inflows into Bitcoin ETFs. As Trump’s inauguration approaches, anticipation of crypto-friendly announcements will continue to drive momentum, setting the stage for further market growth.”
CoinSwitch Markets Desk noted, “Bitcoin extended its recovery on January 15, reaching a high of $100,860 and currently challenging the critical resistance at $100,000. Risk assets gained momentum after a softer-than-expected Consumer Price Index report boosted market sentiment. ARK Invest's "The Bitcoin Monthly" highlighted that Bitcoin’s low December volatility suggests it has not yet entered the mania phase, leaving room for further upside in 2025. Meanwhile, Reliance Jio’s collaboration with Polygon Labs aims to bring blockchain innovations to 450 million users in India, and XRP hit a 7-year high above $3, driven by $3.8 billion in large-scale token accumulation.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin's rally towards the psychological mark of $100,000 is triggered by strong momentum and the favorable macroeconomic conditions. Cooling inflation with a positive CPI report enhanced confidence in the market, sending BTC higher amid stronger reasons for pro-crypto policies in the incoming administration, with prospects for monetary policy cuts increasingly supportive for Bitcoin's positioning as yet another digital-value store along with gold.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “A hold above $98,500 represents
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Sonic SVM: The Solana L2 That Set Its Sights on TikTok
- Jan 16, 2025 at 09:10 pm
- In the Web3 world, traffic entry often determines the success or failure of a project. As a Layer-2 expansion solution on Solana, Sonic SVM has set its sights on the short video platform TikTok and successfully attracted more than two million players by launching the point-to-earn game SonicX.
-
- AI Agents: A new type of cryptocurrencies is causing a stir - and could become the most important crypto area ever in the bull run of 2025!
- Jan 16, 2025 at 09:05 pm
- One of these AI Agent Cryptos in particular is standing out at the moment: Mind of Pepe (MIND) – the first major Pepe memecoin with an AI agent!
-
- Will the PEPE Price Rally Continue Amid the Broader Market Recovery to Reach the $0.000021 Mark?
- Jan 16, 2025 at 09:05 pm
- With a bullish recovery in the crypto market, valuations have reached $3.5 trillion. As Bitcoin fluctuates near the $100,000 mark, the meme coin segment hit a market cap of $107 billion.