Home Cryptocurrency Crypto prices on Jan 24: BTC jumps above $104K, ETH surges 5%

Crypto prices on Jan 24: BTC jumps above $104K, ETH surges 5%

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Crypto prices were in the green on Friday as Bitcoin (BTC) regained the $104,000 mark.

The global cryptocurrency market cap has gone up over 2, reaching $3.59 trillion.

The total crypto market volume over the last 24 hours is $204.21 billion, marking a 39.79% increase. Trading volumes for stablecoins account for $187.52 billion, or 91.83%, of the total market volume.

The sentiment today is boosted by a series of pro-crypto moves from President Donald Trump, including the recent withdrawal of SAB 121, which has contributed to a more positive outlook for the sector.

Bitcoin (BTC) price today

Bitcoin (BTC) recorded a 2.45% gain over the last 24 hours, trading at $104,454.00 at the time of writing.

The cryptocurrency’s 24-hour low and high were $101,257.80 and $106,820.33, respectively.

Trading volume for the coin was up over 75% at over $101 billion.

Bitcoin’s dominance stands at 57.69%, reflecting a 0.23% increase over the day.

Ethereum (ETH) price today

Ethereum (ETH) has surged close to 5% in the past 24 hours, currently trading at $3,367.24, with intraday low and high prices of $3,188.61 and $3,365.65.

Despite the recent uptick, ETH has faced challenges breaking the $3,500 mark, largely due to concerns over sell-offs by the Ethereum Foundation.

Analysts are predicting continued volatility, with investor sentiment playing a crucial role in the short-term outlook for ETH.

XRP and SOL prices today

XRP has seen a 1% gain in the past 24 hours, now priced at $3.16. The broader chart shows sideways trading, with an intraday low and high of $3.04 and $3.17, respectively.

Despite recent price pressure, XRP is still being eyed for a potential rally, with catalysts such as a possible Ripple ETF approval, XRP futures launch by CME, and RLUSD adoption supporting a bullish outlook.

Solana (SOL) has exhibited a volatile intraday price movement, initially fluctuating between red and green territories.

As of press time, SOL is up by 4.6%, trading at $259.66, with intraday lows and highs of $242.50 and $259.66.

Analysts are eyeing potential price movements to $300 if the market sees a Solana ETF approval.

Meme coins continue to stay volatile

The meme coin market continued to remain jittery with Dogecoin (DOGE) gaining 0.55% to $0.3553 and Shiba Inu (SHIB) raising nearly  2%, reaching $0.00002022.

The TRUMP token also saw a 9% drop, now priced at $33.93. Pudgy Penguins (PENGU) was also down over 3% at $0.02427. Trading volume for the coin was down 18%.

Top crypto gainers and losers

The top crypto gainers today include Mantle (MNT), which rose by 15% to $1.24.

Jupiter (JUP) also gained over 11%, trading at $0.8582. KuCoin Token (KCS) posted a 9% rise, pushing its price to $12.41.

On the losing side, ai16z (AI16Z) dropped 9% to $0.8582, alongside Fartcoin (FARTCOIN), which also fell 5.60%, reaching $1.35.

Broader crypto price action

Litecoin (LTC) has seen a 2.52% increase in the last 24 hours, currently trading at $115.87.

NEAR Protocol (NEAR) has seen a slight 0.06% decrease over the past day, currently trading at $4.97.

Loopring (LRC) is currently trading at $0.1675, registering a 1.40% decrease in the last 24 hours.

Ondo (ONDO) has experienced a 6.93% increase in the past 24 hours, trading at $1.35.

Ontology (ONT) is currently trading at $0.2192, registering a 0.26% increase in the last 24 hours.

Monero (XMR) has experienced a 4.92% drop in the past 24 hours, trading at $214.43.

NEM (XEM) is currently trading at $0.02395, registering a 1.49% increase in the last 24 hours.

Nano (XNO) is currently trading at $1.13, registering a 2.71% decrease in the last 24 hours.

Lisk (LSK) is currently trading at $0.8774, registering a 0.28% increase in the last 24 hours.

OKB (OKB) has seen a 2.89% increase over the past day, currently trading at $54.82.

Neo (NEO) has shown a slight 1.24% increase over the past 24 hours, currently trading at $14.10.

Notcoin (NOT) has experienced a 2.93% drop in the past 24 hours, trading at $0.004969.

Numeraire (NMR) is currently trading at $12.84, registering a 0.41% increase in the last 24 hours.

Nervos Network (CKB) has seen a 1.19% decrease over the past day, currently trading at $0.00928.

Loom Network (LOOM) is currently trading at $0.0555, registering a 0.41% decrease in the last 24 hours.

OMG Network (OMG) is currently trading at $0.3232, registering a 0.66% decrease in the last 24 hours.

MultiversX (EGLD) has seen a 1.07% increase over the past day, currently trading at $30.61.

NULS (NULS) is currently trading at $0.3338, registering a 0.55% increase in the last 24 hours.

Linear Finance (LINA) is currently trading at $0.003932, registering a 0.81% increase in the last 24 hours.

MonaCoin (MONA) is currently trading at $0.275, registering a 1.01% increase in the last 24 hours.

Ocean Protocol (OCEAN) is currently trading at $0.5307, registering a 1.11% decrease in the last 24 hours.

The post Crypto prices on Jan 24: BTC jumps above $104K, ETH surges 5% appeared first on Invezz

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