Crypto News Today (21st January, 2025): Bitcoin at $104k
The global cryptocurrency market experienced a correction today, with the total market value falling by 2.20% to $3.58 trillion. Trading volume also took a big hit, falling 28.96% to $263.97 billion, reflecting reduced investor activity. Despite the declining number of Bitcoins, Microstrategy has been in the news for purchasing 11,000 BTC.
Bitcoin price remains at $104,000 today
Bitcoin prices are down 2% in the past 24 hours, trading at $104,794.90. This follows yesterday’s all-time high of $109,114.88. Bitcoin’s market value fell 2.11% to $2.07 trillion, and its trading volume fell 8.85% to $103.16 billion. Meanwhile, Michael Saylor-led MicroStrategy made 11 consecutive purchases, adding 11,000 BTC to its portfolio. The company currently holds an impressive 461,000 Bitcoins, demonstrating continued institutional confidence.
Curious about BTC’s next price target? read our Bitcoin (BTC) Price Prediction 2025, 2026 – 2030 Now!
Altcoins’ performance has been mixed
Ethereum, the second largest cryptocurrency, remained relatively stable, down only 0.29%, trading at $3,306.28. However, Solana bore the brunt of today’s correction, falling 4.22% to $243.02, while XRP fell 3.92% to $3.14.
Wondering if the price of Ethereum will hit $5,000 soon? read our Ethereum Price Prediction 2025, 2026 – 2030 Learn more!
Top Gainers and Losers
Among the top gainers, Raydium led the way, rising 6.82% to trade at $7.42. Mantle followed suit, surging 6.18% to $1.07, while AI16Z rose 3.19% to $0.902. On the contrary, Trump was the main loser, plunging 26.89% to $39.84. FARTCOIN and SPX6900 also suffered significant losses, falling 25.91% and 19.16% respectively.
Market Sentiment:
The Fear & Greed Index score is 59, indicating neutral market sentiment. Traders appear to be cautious as the market digests recent developments and a volatile trading session.
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FAQ
At press time, the price of 1 Bitcoin (BTC) was $104,794.90.
Raydium (RAY), Mantle and AI16Z were the top gainers, rising 6.82%, 6.18% and 3.19% respectively.
Ethereum (ETH) remained stable, edging down 0.29% to trade at $3,306.28.
