Crypto Market Update (January 7th, 2025): Bitcoin Rises, Ethereum Declines, XRP Shows Growth

Story Highlights

Fear & Greed Index highlights “Greed” with a score of 66.

Bitcoin rises 1.42% in 24 hours, hitting $100,852.31.

WLD, BGB, and ADA emerge as the top gainers.

The global cryptocurrency market recorded a modest increase in the past 24 hours, with the market capitalization growing by 0.59% to reach $3.55 trillion. Trading activity surged as the 24-hour volume spiked by 30.16% to $127.63 billion, signaling heightened investor sentiments. Meanwhile, the Fear & Greed Index climbed to 66, reflecting a “Greed” sentiment, suggesting optimism among traders.

Bitcoin Holds Strong Amid Market Uncertainty

Bitcoin maintained its bullish momentum, registering a 1.42% uptick to reach $100,852.31. Its market cap rose to $1.99 trillion, capturing a significant share of the total market. The surge in Bitcoin’s price aligns with increased investor confidence. For insights into its future trajectory, explore our comprehensive Bitcoin Price Prediction.

Altcoin Movements: Mixed Reactions Across the Board

Altcoins displayed a mixed performance. Ethereum dipped slightly by 0.40% to $3,638.13, while Solana faced a sharper drop of 1.80%, settling at $213.18. On the other hand, XRP inched up by 0.89% to $2.42, reflecting investor interest in specific altcoins amidst the broader market’s consolidation phase. Dive into our detailed Ethereum Price Prediction for a closer look at ETH’s outlook.

Top Gainers:

WLD: +5.58% to $2.59.

BGB: +5.24% to $6.49.

ADA: +4.70% to $1.13.

Top Losers:

SPX: -10.43% to $1.39.

PENGU: -10.25% to $0.04139.

VIRTUAL: -6.78% to $3.86.

FAQs

1. How much does Bitcoin cost today?

Bitcoin is trading at $100,852.31 at the time of writing.

2. Which are the top-performing tokens today?

Worldcoin, BGB, and Cardano have led the market, gaining over 4% each.

3. How did Solana perform today?

Solana declined by 1.80% in the past 24 hours, trading at $213.18.

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