Bitcoin (BTC) Price Today - January 16: BTC Surges Past $100k Mark, ETH Jumps 5%

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