Crypto News Today (January 21, 2025): Bitcoin for $104,000

The worldwide cryptocurrency market noticed a pullback immediately, with the full market capitalization falling 2.20% to $3.58 trillion. Buying and selling volumes additionally took a success, falling 28.96% to $263.97 billion, as a result of decreased investor exercise. Whereas the numbers have been heading south, Microstrategy made headlines with the acquisition of 11,000 BTC.

The Bitcoin value stays at $104,000 immediately

Bitcoin value is down 2% over the previous 24 hours, buying and selling at $104,794.90. This comes after hitting an all-time excessive of $109,114.88 yesterday. The market cap for Bitcoin fell 2.11% to $2.07 trillion, whereas buying and selling volumes fell 8.85% to $103.16 billion. Within the meantime, MicroStrategy, led by Michael Saylor, made its eleventh buy in a row, including 11,000 BTC to its portfolio. The corporate now owns a whopping 461,000 BTC, demonstrating continued institutional confidence.

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Combined Efficiency in Altcoins

Ethereum, the second largest cryptocurrency, remained comparatively steady, dropping simply 0.29% to commerce at $3,306.28. Nevertheless, Solana bore the brunt of immediately’s correction, falling 4.22% to $243.02, whereas XRP fell 3.92% to $3.14.

Questioning if Ethereum value can declare $5k quickly? Learn our Ethereum Worth Prediction 2025, 2026 – 2030 to be taught extra!

High winners and losers

Amongst gainers, Raydium led with an increase of 6.82% to commerce at $7.42. Mantle adopted with a 6.18% rise to $1.07, whereas AI16Z rose 3.19% to $0.902. Conversely, the losers have been dominated by TRUMP, which fell 26.89% to $39.84. FARTCOIN and SPX6900 additionally suffered steep losses, down 25.91% and 19.16% respectively.

Market sentiment:

The Concern & Greed Index registered a rating of 59, indicating impartial market sentiment. Merchants seem cautious because the market absorbs latest developments and a risky buying and selling session.

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