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Why Crypto Is Up Today?

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By on January 18, 2025 Altcoin, Bitcoin, Regulations, Trading, Web3
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The post Why Crypto Is Up Today? appeared first on Coinpedia Fintech News

The crypto market today has been posting mild recovery, with the market cap inching up 0.65% to $3.59 trillion. Talking about business volumes, the intraday trade took a jump of 9.11% to $175.68 billion, the greener numbers are catalyzed by the expectation of a pro-crypto policy from Trump’s government. Successively, the Fear & Greed Index rose to 66, highlighting growing “Greed” among market players.

Bitcoin’s Steady Climb to $105k

Bitcoin has once again demonstrated its dominance, rising 2.07% in the past 24 hours to reach $103,459.42. The coin’s market cap grew by 2.09% to $2.04 trillion, with trading volume spiking by 17.85% to $68.12 billion. Analysts suggest that investor anticipation of pro-crypto policies under Trump could be a driving factor behind this surge.

As Bitcoin approaches the $105,000 mark, market watchers remain optimistic about its potential. Read our Bitcoin Price Prediction 2025, 2026-2030 for all the details!

Altcoins Watch: Solana Drives the Altcoin Market?

Altcoins painted a mixed picture today. Solana emerged as the star performer, posting a sharp 7.49% gain to $228.37, while Ethereum slid 2.16% to $3,292.99, and XRP faced a sharp decline of 6.49% to $3.11.

Curious about Solana’s future moves? Read our Solana Price Prediction 2025, 2026-2030 for potential targets!

Top Gainers & Losers

Among smaller tokens, SPX6900 took the spotlight, surging 34.03% to $1.42, while OKB and RAY posted impressive gains of 12.87% and 12.83%, respectively. Conversely, top losers included AI16Z, which dropped 20.16%, and FARTCOIN, down 13.80%.

Subscribe to stay updated with the latest crypto trends as market dynamics continue to evolve!

FAQs

1. How much does 1 BTC cost today?

As of now, 1 Bitcoin (BTC) is priced at $103,459.42.

2. Which tokens have gained the most today?

Top gainers include SPX6900 (+34.03%), OKB (+12.87%), and RAY (+12.83%).

3. Why is Solana trending today?

Solana surged 7.49%, driven by rising investor interest and its robust ecosystem performance.

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