The cryptocurrency market today is demonstrating strong signs of recovery after a volatile start to the week. Bitcoin (BTC) has rebounded above the $97,000 mark, regaining investor confidence following a recent dip to $89,000. This resurgence comes amid heightened anticipation for the release of the U.S. Consumer Price Index (CPI) data—an economic indicator that often influences crypto market sentiment due to its implications for interest rate policy.
In the altcoin sector, momentum is building. Ripple’s XRP stands out as one of the top performers among major cryptocurrencies, surging 12% in the past 24 hours. Meanwhile, DeXe (DEXE) has taken the lead across the broader market with an impressive 18% gain. These movements signal renewed interest in both established and emerging digital assets.
The total global cryptocurrency market capitalization now sits at $3.38 trillion, reflecting a 2.45% increase over the last day. However, trading volume has declined by 29%, settling around $123 billion—a sign that while prices are rising, market participation remains cautious. The Fear and Greed Index holds steady at 51, indicating a neutral to balanced market mood.
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Major Cryptocurrencies Show Bullish Momentum
After weeks of downward pressure, the crypto market today reveals a shift toward bullish sentiment. Bitcoin reclaimed the $97K level, while Ethereum (ETH) and Solana (SOL) posted gains of approximately 2%. XRP continues to outperform, rising 12%, driven in part by ongoing regulatory developments.
Notably, long-term Bitcoin advocate Anthony Pompliano has called on political leaders to consider establishing a national Bitcoin reserve, emphasizing its potential role in enhancing economic resilience. While such proposals remain speculative, they contribute to growing institutional dialogue around Bitcoin's macroeconomic value.
Bitcoin Price Update
As of today, Bitcoin is trading at $97,481—an increase of 2.5% over the past 24 hours. The price fluctuated between a low of $94,757 and a high of $97,504 during this period.
Exchange-traded funds (ETFs) tracking BTC saw net inflows of $9.7 million. WisdomTree led the buying activity with a $10 million addition to its holdings, while Bitwise sold off $9 million. BlackRock’s latest ETF data is still pending, leaving investors watching closely for signals of institutional sentiment.
This renewed accumulation phase suggests that large investors may be positioning for a potential upward breakout, especially if macroeconomic conditions stabilize.
Ethereum Price Update
Ethereum is currently valued at $3,210, up 1.5% in the last day. The 24-hour trading range extended from $3,158 to $3,256. ETH-focused ETFs recorded a modest inflow of $1.15 million, entirely attributed to purchases by Bitwise—highlighting selective institutional interest.
With upcoming network upgrades and growing adoption in decentralized finance (DeFi), Ethereum remains a cornerstone of the altcoin ecosystem.
XRP Price Surge and Regulatory Outlook
XRP has surged 12%, trading at $2.80. Its price moved between $2.517 and $2.869 in the past day. The rally coincides with Ripple CEO Brad Garlinghouse publicly criticizing SEC Chair Gary Gensler over the agency’s enforcement-first regulatory approach.
With the SEC’s appeal hearing scheduled for January 15, market participants are closely monitoring legal developments that could shape XRP’s regulatory clarity and long-term valuation.
Solana’s Steady Climb
Solana is up 2.5%, currently priced at $187. The 24-hour range was $184.3 to $190. SOL continues to benefit from strong ecosystem growth, particularly in meme coin activity and decentralized applications (dApps), reinforcing its position as a high-performance blockchain platform.
Top Gainers in the Crypto Market Today
Several cryptocurrencies have posted double-digit gains, showcasing strong momentum beyond the top-tier assets.
- AIXBT by Virtuals (AIXBT): Up 43% to $0.6412
- DeXe (DEXE): Up 18% to $16.09
- AI16Z (AI16Z): Up 15% to $1.33
- Raydium (RAY): Up 13.88% to $5.39
- Kaspa (KAS): Up 13.5% to $0.1371
These gains reflect growing interest in AI-integrated tokens and decentralized exchange platforms, particularly as investor focus shifts toward innovation-driven projects.
Top Losers Despite Market Recovery
Even in a recovering market, some assets faced downward pressure.
- Fartcoin (FARTCOIN): Down 6.6% to $1
- Movement (MOVE): Down 5.47% to $0.822
- Ondo (ONDO): Down 4.44% to $1.14
- Sui (SUI): Down 3.52% to $4.51
- Bitget Token (BGB): Down 2.65% to $6.43
These corrections may reflect profit-taking or project-specific concerns, underscoring the importance of due diligence in volatile market conditions.
Meme Coins Ride the Bull Wave
Meme cryptocurrencies are also experiencing a resurgence. Dogecoin (DOGE) is up 6%, now trading at $0.36, while Shiba Inu (SHIB) gained 2.5%, reaching $0.00002168.
Other popular meme tokens—including PEPE, BONK, and FLOKI—are up between 2% and 4%. This broad-based rally aligns with increased retail participation and social media buzz, often amplified during market upswings.
The hourly chart further supports bullish momentum: Bitcoin rose 0.2% in the last hour alone, with most major altcoins following suit. XDC Network also posted a solid 4% gain over 24 hours.
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Frequently Asked Questions
Q: What caused Bitcoin to rebound above $97K?
A: The recovery was driven by short-term market stabilization, ETF inflows (notably from WisdomTree), and anticipation of U.S. CPI data that could influence future monetary policy.
Q: Why is XRP surging despite ongoing SEC litigation?
A: Positive sentiment stems from Ripple leadership’s vocal stance against regulatory overreach and growing expectations for clearer crypto regulations following legal hearings.
Q: Are meme coins a good investment during market recoveries?
A: Meme coins can offer high short-term returns but come with elevated risk due to low fundamentals and high volatility. They should be approached with caution and limited portfolio allocation.
Q: How do ETF inflows affect cryptocurrency prices?
A: Sustained ETF inflows signal institutional confidence and increase demand, often leading to upward price pressure over time.
Q: What does a neutral Fear and Greed Index mean for traders?
A: A reading of 51 suggests balanced market psychology—neither overly fearful nor excessively greedy—often preceding breakout or consolidation phases.
Q: Should I invest during periods of declining trading volume?
A: Lower volume during price increases may indicate weak participation and could foreshadow reversals. Traders should watch for volume confirmation before entering new positions.
The current market landscape reflects cautious optimism. While Bitcoin stabilizes near $97K and altcoins like DEXE and XRP lead gains, macroeconomic data and regulatory news remain key drivers.
Investors are advised to monitor CPI releases, ETF flows, and legal developments—especially around XRP—as these factors will likely shape near-term price action.
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