The crypto price on January 15, 2025 experienced a significant recovery, with Bitcoin (BTC) regaining momentum and surpassing the $97,000 mark. This rebound came after a dip to $89000 earlier in the week. Market participants are watching closely the upcoming U.S. Consumer Price Index (CPI) inflation data, which is expected to shape market movements in the near term.
1. Bitcoin Performance
Current Price and Trends:
- Price: Bitcoin was trading at $96,975, an increase of 2.5% in the last 24 hours.
- Price Range: BTC 24-hour low and high were $94,757 and $97,504, respectively.
ETF Activity:
Recent inflows into Bitcoin ETFs totaled $9.7 million, with WisdomTree leading the purchases by adding $10 million to its holdings, while Bitwise sold off $9 million worth of assets.
2. Ethereum Performance
Current Price and Trends:
- Price: Ethereum was trading at $3,210 with a 1.5% rise over the past 24 hours.
- Price Range: The 24-hour range and upper limit of ETH were $3,158 and $3,256.
ETF Activity:
Ethereum ETFs experienced an inflow of $1.15 million, with Bitwise attributed for all the purchase, indicating renewed investor interest in Ethereum products.
3. XRP Performance
Current Price and Trends:
- Price: XRP increased significantly on a 12% ( trading 2.80 USD).
- Price Range: The 24-hour low and high for XRP were $2.517 and $2.869, respectively.
Regulatory Context:
Ripple’s CEO, Brad Garlinghouse, has attacked the Securities and Exchange Commission’s Chair Gary Gensler approach to regulation as Ripple prepares to go to hearing appeal on 15 January 2025, which could have a monumental impact on XRP’s market standing.
4. Solana Performance
Current Price and Trends:
- Price: Solana traded up by 2.5%, reaching $187.
- Price Range: SOL 24-h low and high values were $184.3 and $190, respectively.
Market Summary
Global Market Capitalization:
The global cryptocurrency market cap increased to $3.38 trillion, up by 2.45% over the last day. Nevertheless, trading volume declined significantly by 29% to $123 billion.
Sentiment Analysis:
The Fear and Greed Index remained neutral at 51, indicating a cautious yet balanced sentiment among investors as they await the CPI report’s implications.
Top Crypto Gainers
The following cryptocurrencies emerged as the top gainers in the last 24 hours:
- AIXBT (AIXBT): Price $0.6412 | Gain +43%
- DeXe (DEXE): Price $16.09 | Gain +18%
- AI16Z (AI16Z): Price $1.33 | Gain +15%
- Raydium (RAY): Price $5.39 | Gain +13.88%
- Kaspa (KAS): Price $0.1371 | Gain +13.5%
Top Crypto Losers
Conversely, these cryptocurrencies faced declines:
- Fartcoin (FARTCOIN): Price $1 | Loss -6.6%
- Movement (MOVE): Price $0.822 | Loss -5.47%
- Ondo (ONDO): Price $1.14 | Loss -4.44%
- Sui (SUI): Price $4.51 | Loss -3.52%
- Bitget Token (BGB): Price $6.43 | Loss -2.65%
Meme Cryptocurrency Performance
The meme coin sector also showed positive momentum:
- Dogecoin (DOGE) rose by 6%, trading at $0.36.
- Shiba Inu (SHIB) rose 2.5%, currently trading at $0.00002168.
Among other famous meme coins, like PEPE, BONK and FLOKI, also there has been an increase from 2% to 4%.
Personal Analysis: Crypto Price on January 15, 2025
Resurgence in cryptocurrency prices on January 15 mirrored a strong market rallying through recent events, even under the threat of external factors i.e., regulatory constraint on one hand, and economic indicators like Consumer Price Index (CPI) on the other. Bitcoin’s ability to rebound above the $97K mark suggests strong investor confidence, especially with significant ETF inflows indicating institutional interest.
More specifically, XRP’s recent track record under current regulatory uncertainty underscores the need for judicial certainty to influence cryptocurrency market evolution for market participants whose activities are under regulatory scrutiny (e.g., by the SEC).
Overall, while some altcoins have shown remarkable gains, the sharp drop in trading volume raises concerns about liquidity and market stability ahead of critical economic announcements that could sway investor sentiment significantly in either direction.
(Source: Coingape)
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