Cryptocurrency Price Today (January 24): Bitcoin Rises Above $104,500, a16z Remains Biggest Loser For 2nd Consecutive Day
Cryptocurrency price on January 24 quick take: The global market cap rose to $3.6 trillion.
Bitcoin (BTC), the world’s oldest and most valued crypto, managed to rise above the $104,500 range early Thursday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the greens across the board as overall Market Fear & Greed Index stood at 61 (Greed) out of 100, as per CoinMarketCap data. Mantle (MNT) became the biggest gainer of the lot, with a 24-hour jump of above 11 percent. a16z (A16Z) became the biggest loser for the second consecutive day, with a 24-hour loss of over 11 percent.
The global crypto market cap stood at $3.6 trillion at the time of writing, registering a 24-hour jump of 2.37 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $104,842.88, registering a 24-hour jump of 2.81 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 88.69 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,366.02 marking a 24-hour gain of 5.07 percent at the time of writing. Ethereum price in India stood at Rs 2.86 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 1.36 percent, as per CoinMarketCap data, currently priced at $0.3547. Dogecoin price in India stood at Rs 31.79.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 2.75 percent. At the time of writing, it was trading at $116.39. LTC price in India stood at Rs 10.190.71.
Ripple (XRP) Price Today
XRP price stood at $3.15, seeing a 24-hour gain of 1 percent. Ripple price in India stood at Rs 268.99.
Solana (SOL) Price Today
Solana price stood at $259.37, marking a 24-hour jump of 4.61 percent. SOL price in India stood at Rs 20,896.52.
Top Crypto Gainers Today (January 24)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Mantle (MNT)
Price: $1.20
24-hour gain: 11.18 percent
KuCoin Token (KCS)
Price: $12.41
24-hour gain: 8.80 percent
Nexo (NEXO)
Price: $1.44
24-hour gain: 8 percent
Jupiter (JUP)
Price: $0.8212
24-hour gain: 7.05 percent
Ondo (ONDO)
Price: $1.33
24-hour gain: 5.41 percent
Top Crypto Losers Today (January 24)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
a16z (A16Z)
Price: $0.8394
24-hour loss: 11.05 percent
OFFICIAL TRUMP (TRUMP)
Price: $33.13
24-hour loss: 10.25 percent
Fartcoin (FARTCOIN)
Price: $1.28
24-hour loss: 9.37 percent
XDC Network (XDC)
Price: $0.1133
24-hour loss: 7.80 percent
Pudgy Penguins (PENGU)
Price: $0.02339
24-hour loss: 5.82 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin remains range-bound between $102K and $106K, as anticipated. Despite limited price action, BTC saw increased trading activity with volumes surging over 86% in 24 hours and the Fear-Greed Index steadily increasing. These signs point towards a healthy momentum building in Bitcoin, preparing for another rally. Meanwhile, the SEC cancelling the crypto accounting rule SAB 12 that required financial firms holding crypto to record them as liabilities on their balance sheets boosted the sentiment of institutions easing their administrative burden.”
CoinSwitch Markets Desk noted, “Markets were mixed yesterday as US president Donald Trump signed an executive order to create a working group to evaluate the creation of a strategic national crypto reserve while BTC has been trading in a relatively broader range than usual between 101k and 107k USD. Trump has further promised to make America the world capital of AI and crypto. This happened as another development comes from the US with the SEC cancelling the controversial crypto accounting rule SAB 121. This move was previously vetoed by then-president Joe Biden.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “As observed in the latest market movements, Bitcoin (BTC) has shown significant volatility, slipping below the $105,000 threshold and experiencing a decline to the $102,000 range. This price action was particularly notable after an initial surge past $109,000, following a brief downturn during the TRUMP-token rally over the weekend. The subsequent retracement can be attributed to various macroeconomic factors, including the lack of any direct mention of cryptocurrency in President Trump's inauguration speech, which triggered a sell-off in the market.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin’s price has been volatile but is currently showing upward momentum, trading above $102,000 after a 7% weekly rally. This surge is fueled by favorable U.S. macroeconomic data, which has boosted risk assets like Bitcoin. The cryptocurrency is benefiting from increasing demand as an inflation hedge and from geopolitical tensions, especially the Russia/Ukraine conflict. The possibility of a Bitcoin ETF and continued institutional interest are driving bullish sentiment. However, challenges such as rising energy costs and tightening regulations could weigh on prices. Despite this, Bitcoin’s price outlook remains positive, with many anticipating continued growth in the coming months.”
Shivam Thakral, CEO of BuyUcoin, said, “The cryptocurrency market has reacted positively to President Donald Trump's newly signed executive order, which aims to establish a supportive framework for digital assets in the U.S. The order, titled "Strengthening American Leadership in Digital Financial Technology," emphasizes the significant role of digital assets in driving innovation and economic growth. This proactive stance marks a significant shift from previous regulatory approaches and has been welcomed by the crypto community, anticipating that these measures will foster a more vibrant market environment. If Trump's administration effectively implements these policies, it could position the U.S. as a global leader in the cryptocurrency market.”
Sumit Gupta, co-founder, CoinDCX, said, “The crypto markets witnessed extreme volatility in the past 24 hours, with the Bitcoin price attempting again to surpass and sustain above $106K. Besides, Ethereum demonstrated massive strength but failed to pierce through the pivotal resistance at $3,338, resulting in a pullback. Meanwhile, the other altcoins remained within a consolidated range, while some, like Worldcoin (WLD), XDC Network (XDC), etc., and a few more, remained bullish. Meanwhile, the traders remain optimistic about XRP, HBAR, ADA, KAS, DOGE, & LINK.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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