Bitcoin (BTC), the world’s oldest and most valued crypto, managed to rise above the $102,000 mark early Monday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — largely landed in the greens across the board as overall Market Fear & Greed Index stood at 58 (Neutral) out of 100, as per CoinMarketCap data. Riding high on Donald Trump’s inauguration as the 47th US President tonight, the TRUMP coin emerged to be the top gainer, with a 24-hour jump of over 41 percent. a16z was the biggest loser today, with a 24-hour dip of nearly 21 percent.
The global crypto market cap stood at $3.54 trillion at the time of writing, registering a 24-hour loss of 2.87 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $102,385.10, registering a 24-hour loss of 1.51 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 88.69 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,300.14, marking a 24-hour gain of 1.32 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 loss of 5.73 percent, as per CoinMarketCap data, currently priced at $0.3642. Dogecoin price in India stood at Rs 31.79.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 1.98 percent. At the time of writing, it was trading at $117.64. LTC price in India stood at Rs 10.190.71.
Ripple (XRP) Price Today
XRP price stood at $3.11, seeing a 24-hour loss of 2.12 percent. Ripple price in India stood at Rs 268.99.
Solana (SOL) Price Today
Solana price stood at $246.19, marking a 24-hour dip of 8.38 percent. SOL price in India stood at Rs 20,896.52.
Top Crypto Gainers Today (January 20)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
OFFICIAL TRUMP (TRUMP)
Price: $49.14
24-hour gain: 41.36 percent
Fartcoin (FARTCOIN)
Price: $2.03
24-hour gain: 20.75 percent
Melania Meme (MELANIA)
Price: $7.93
24-hour gain: 8.17 percent
Dexe (DEXE)
Price: $18.06
24-hour gain: 6.42 percent
OKB (OKB)
Price: $59.29
24-hour gain: 3.21 percent
Top Crypto Losers Today (January 20)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
a16z (A16Z)
Price: $0.837
24-hour loss: 20.72 percent
dogwifhat (WIF)
Price: $1.43
24-hour loss: 19.87 percent
Jupiter (JUP)
Price: $0.9359
24-hour loss: 19.75 percent
Sonic (S)
Price: $0.5489
24-hour loss: 17.86 percent
FLOKI (FLOKI)
Price: $0.0001401
24-hour loss: 16.09 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin is stabilising at $101,400 after hitting a peak of $106,100 over the weekend. The launch of Trump’s own meme coin has raised investor confidence in a crypto-friendly announcement after the inauguration. The meme coin has also led to a spike in Google searches for crypto-related terms, signalling an increase in retail interest. Meanwhile, institutions are actively participating, with MicroStrategy hinting at Bitcoin purchases for the 11th week in a row, and Bitcoin ETFs recording positive net inflows for three consecutive weeks.”
CoinSwitch Markets Desk noted, “In an extraordinary weekend for the crypto world, the new US president Donald Trump launched a memecoin of his own called TRUMP on Solana blockchain leading to a massive rally in SOL and TRUMP however the rally did not last long as with Donald Trump’s wife Melania launching another token with her name showing that Donald Trump’s wholehearted support could fade over time.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin’s path through volatile territory is a testament to the crypto market’s dynamic nature. Currently trading just above $101,889 after dipping below the psychological $100,000 mark, BTC faces a critical test at $105,000. A decisive breakthrough at this level may pave the way for new highs, potentially reaching $110,000, while failure may trigger retracement, testing support at $98,000 and $95,000. Increased trading volumes and a favorable macroeconomic environment can fuel optimism for both institutional and retail investors.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin Price Falls Below $100,000 Amid Market Turmoil On January 20, Bitcoin fell below the $100,000 mark and traded at $99,910 – a 4% drop that triggered a broad market selloff. Major cryptocurrencies such as ETH, SOL and XRP fell by 5%, 6% and 9% respectively, resulting in the liquidation of $1.2 billion by 412,803 traders with 77% losses from long positions (CoinGlass). The sharp drop coincides with Donald Trump’s return to office, dampening initial bullish sentiment.”
Shivam Thakral, CEO of BuyUcoin, said, “In the last 24 hours, Bitcoin has retraced to the $101,600 mark after a brief rally, reflecting a volatile market influenced by political developments. As Donald Trump prepares for his inauguration, Bitcoin surged to highs near $106,000, driven by optimism surrounding his crypto-friendly policies. However, the market faced a setback as Trump’s memecoin plummeted 38% following the launch of Melania Trump’s memecoin.”
Sumit Gupta, co-founder, CoinDCX, said, “Donald Trump launched his official memecoin, OFFICIAL TRUMP (TRUMP), which surged monstrously from its initial price below $10 to as high as $79.34, over 600% jump within a few hours. Besides, it is currently the most traded token after USDT, BTC, & ETH, with over $42 billion in trading volume. As the token was launched over Solana, the DEX volume spiked to mark a historical high above $27 billion. As a result, the SOL price also marked a new ATH at $294.33, while the other popular cryptos maintained within a sluggish range.”
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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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