The crypto price on January 20, 2025 displays a conflicting response, where after reaching a peak of $106K, Bitcoin (BTC) fell back to $101K. The event also began the official Presidential campaign of the former U.S. President Donald Trump. Just 2 days earlier he created a meme coin TRUMP Coin which rose 55% in 24 hours.
In the meantime, the First Lady Melania Trump released her own meme coin, MELANIA, which reached a 2000% increase after launch.
Although these advances are made, the global crypto market capitalization declined by about 4%, ending at $3.48 trillion, while trading volumes increased by 74% to $336 billion.
Crypto Price on January 20, 2025
1. Bitcoin Price:
Bitcoin (BTC) on January 20, 2025 rebounded to $101,944 after touching high of $106,428 and a low of $99,591 in the previous 24 hours. Bitcoin’s market cap was about $2.02 trillion, which suggests its continuing leadership in the cryptocurrency market.
Interestingly, Bitcoin ETFs exhibited a substantial weekly inflow of $887 million indicating the continued institutional popularity, even after the recent market instability.
2. Ethereum Price:
Ethereum (ETH) traded at $3,266, marking a 3% decline over the last 24 hours. Its price range varied between a minimum of $3,131 and a maximum of $3,448 over this interval. ETH ETFs also experienced weekly inflow of $188 million, demonstrating investor trust in the long-term potential of Ethereum in spite of short-term adjustments.
3. XRP Price:
XRP was trading at $3.10 (4% lower in the past 24 hours) with trading levels from $2.90 to $3.255. Even with this decrease, XRP has achieved a spectacular 25% increase over just last week.
Furthermore, an XRP whale sent out $95 million worth of tokens in anticipation of the inauguration of President-elect Donald Trump, which caused markets to become curious.
4. Solana Price:
Solana (SOL) traded at $239, reflecting a notable 7% decline in the past 24 hours. The price ranged from a minimum of $231 to a maximum of $294 and this reflected notable volatility over the last trading periods.
Top Crypto Gainers
Below are the top five crypto winners over the past 24 hours:
1. OFFICIAL TRUMP (TRUMP)
- Price: $44.17
- 24-hour Gain: +61%
2. Melania Meme (MELANIA)
- Price: $8.70
- 24-hour Gain: +19%
3. Fartcoin (FARTCOIN)
- Price: $1.98
- 24-hour Gain: +13.69%
4. DeXe (DEXE)
- Price: $17.93
- 24-hour Gain: +3%
5. UNUS SED LEO (LEO)
- Price: $9.74
- 24-hour Gain: +2.15%
Top Crypto Losers
The following are the top 5 crypto losers over the past 24 hours:.
1. ai16z (AI16Z)
- Price: $0.83
- 24-hour Loss: -26%
2. Sonic (prev. FTM) (S)
- Price: $0.53
- 24-hour Loss: -21%
3. dogwifhat (WIF)
- Price: $1.43
- 24-hour Loss: -19%
4. Pudgy Penguins (PENGU)
- Price: $0.024
- 24-hour Loss: -17%
5. Floki (FLOKI)
- Price: $0.0001398
- 24-hour Loss: -17%
Meme Crypto Prices
On the back of the launch of meme coins from Trump and Melania, leading meme coins showed bearish momentum. Dogecoin (DOGE) declined 10% to $0.3626 while Shiba Inu (SHIB) went down 9% to $0.00002055. Other notable meme coins like PEPE and BONK also saw declines ranging from 15% to 18%, as liquidity shifted towards the newly launched TRUMP Coin and MELANIA Coin.
Personal Analysis
The cryptocurrency market at January 20, 2025 looked for both opportunity and risk resulting from political happenings and the release of new coins related to Donald Trump and Melania Trump. The massive rebound in the price of Bitcoin shows very positive investor sentiment in spite of an uncertain scenario about the time and space that a rebound will take in this market.
The launch of meme coins has injected excitement into the market but also highlights potential risks as established cryptocurrencies like Dogecoin and Shiba Inu face downward pressure due to liquidity shifts towards newer tokens.
In general, although Bitcoin still has a steady behavior with significant institutional investment, the contrasting performance of altcoins indicates that investors should still be cautious and informed on market movements associated with some kind of external factors like political events and the attitude of the public towards the evolution of new cryptocurrencies.
(Source: Coingape)
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