Crypto News Today (Jan 16th, 2025): Bitcoin Price Nears $100k | ETH, SOL Lead Altcoin Market Surge

The crypto market today is witnessing a surge in investor interest, as a result, the market cap of the business is up 4.27% to $3.48 trillion. What goes without saying is that the trading activity shot up by an impressive 28.29% in 24 hours to $158.58 billion. Amidst the rising numbers, the Fear & Greed Index rose to 60, underscoring a shift in sentiments toward greed.

Bitcoin Price Awaits Bulls?

Bitcoin price continues its steady ascent, gaining 2.45% over the past 24 hours to hit $99,023.32. BTC’s market cap now stands at $1.96 trillion, accounting for a lion’s share of the market. Trading volume for Bitcoin also saw a notable uptick of 12.10%, reaching $57.76 billion, reflecting strong investor interest.

Explore our Bitcoin Price Prediction to dive deeper into BTC's potential future performance.

Altcoins Make It to the Spotlight

Ethereum posted a solid 4.54% gain, trading at $3,345.55, while Solana emerged as a top performer among major altcoins, skyrocketing by 12.33% to $209.76. XRP stole the show with a remarkable 16.01% surge, trading at $3.18, indicating robust investor confidence.

For more insights, check out our Ethereum Price Prediction and Solana Price Prediction articles.

Top Gainers and Losers

In the past 24 hours, VIRTUAL led the market with a massive 27.63% surge, followed closely by FARTCOIN, up 24.81%, and XDC Network, which gained 21.26%. On the flip side, MOVE and OKB recorded minor losses of 2.01% and 1.61%, respectively.

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