crypto market displayed bullish momentum today, with Bitcoin (BTC) crossing $95,000 after briefly dipping to $92,000. Other major tokens, including Stellar, XRP, and Solana, surged by as much as 21% in the past 24 hours.
As of 11:07 am IST, Bitcoin was trading at $95,560, up 2%, with an intraday high of $95,824. Ethereum was also up 1.9%, trading at $3,409.
Major altcoins saw notable gains as well, with XRP rising 12.4%, Solana climbing 8%, Cardano gaining 10%, and Stellar increasing by 21%. The global crypto market cap grew by around 2.9%, reaching $3.36 trillion, while trading volume dropped by 9.15% to $99.6 billion. With the holiday season winding down, a rise in trading volume is expected by next week.
«The New Year has brought renewed buying interest to the broader crypto market with tokens such as XRP, Chainlink, and Cardano seeing gains. Bitcoin too is up almost 2%, trading near $95,000. ETFs saw strong year-end inflows with ETH ETF’s net inflows standing at $36 million, suggesting a revival in institutional trading activity. With Trump assuming office soon acting as a major catalyst, we could see some price action in the coming weeks,» said Edul Patel, CEO of Mudrex.
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