Altcoin
BTC Above $102K, Meme Coins Take Heat
Crypto Market Today: In a riveting turn of events, following Donald Trump’s presidential inauguration on Monday, the crypto realm appears to have witnessed mixed price actions recently. While Bitcoin (BTC) price maintained a hold above the $102K level, top meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Official Trump (TRUMP) have traded in the red territory.
Notably, the global cryptocurrency market cap jumped nearly 1% over the past day to reach $3.52 trillion. Further, the global trading volume dropped 7.5% to $318.11 billion. Ethereum (ETH) and Solana (SOL) showcased a sideways trading session intraday. Besides, XRP hovered in the green territory.
Here’s a brief overview of some of the top cryptocurrencies by market cap and their price action on January 21.
Crypto Market Today: BTC Resilient Post-Trump’s Inauguration, Meme Coins Dip
Despite the pro-crypto Republican U.S. president’s recent failure to mention crypto as a top priority, BTC has showcased potential by avoiding further dips. CoinGape reported that Trump’s Administration has failed to mention cryptocurrency as a top priority in a recent document sent to Republican lawmakers. This saga has raised severe uncertainties, contrary to the 47th president’s pro-crypto promises made last year.
However, alongside BTC, ETH, XRP, and SOL have also showcased resiliency, avoiding major price dips. Besides, the meme crypto market has seen notable drops, with the TRUMP token leading the fall. So, let’s gauge in on the crypto prices today.
Bitcoin (BTC) Price Today
BTC price showcased a 1% increase in value at the time of reporting and is currently sitting at $102,725. The coin’s intraday low and high were $100,103.96 and $109,114.88, respectively. Notably, the intraday price chart shows a highly volatile movement, sparking contrary speculations as Trump takes office and the market eagerly awaits gains. Besides, a recent BTC price analysis by CoinGape reveals that expectations of new all-time highs are forming around the $120K and $130K levels amid broader developments.
Ethereum (ETH) Price Today
Further, ETH price slipped marginally by 0.3% over the past day and is currently trading at $3,257. Its intraday low and high were $3,202.49 and $3,444.28, respectively. Notably, a recent Ethereum price analysis by CoinGape revealed that the coin could suddenly skyrocket to $7,000. This bullish anticipation comes against the backdrop of rising whale accumulations and strong bullish technical patterns.
XRP Price Today
XRP price chart for today underscored a marginal 0.4% uptick at press time, reaching $3.11. The Ripple-backed crypto’s 24-hour low and high were $3.05 and $3.35, respectively. Intriguingly, renowned crypto analyst Ali Martinez posted on X, revealing that XRP has broken out of a bullish flag. This hints at a $4.40 price target looming for the asset.
Solana (SOL) Price Today
SOL price slipped 1% over the past day and is currently sitting at $238. The coin’s intraday low and high were $232.40 and $272.15, respectively. Intriguingly, cryptocurrency expert “Ash Crypto” has recently posted on X, revealing that multiple users are unable to withdraw SOL from Coinbase amid the crypto’s rising popularity post-Trump’s inauguration.
Meme Crypto Market Today
Dogecoin price cracked 4% intraday and is currently trading at $0.3475. Notably, the meme coin’s slumping price action falls in line with the recent Elon Musk DOGE lawsuit that raised uncertainty among investors.
Also, TRUMP price crashed by 21%, reaching $35.19, despite the Republican taking office. SHIB price tanked 2.5% and is currently resting at $0.00002004. Even PEPE price dipped 2.5% to trade at $0.00001533.
Top Crypto Market Gainers Today
Raydium (RAY)
Price: $7.60
24-Hour Gains: +28%
Aave (AAVE)
Price: $345
24-Hour Gains: +12%
ai16z (AI16Z)
Price: $0.8779
24-Hour Gains: +10%
Mantle (MNT)
Price: $1.04
24-Hour Gains: +9%
Top Crypto Market Losers Today
Fartcoin (FARTCOIN)
Price: $1.72
24-Hour Loss: -13%
Movement (MOVE)
Price: $0.6983
24-Hour Loss: -6%
Bittensor (TAO)
Price: $397
24-Hour Loss: -5%
MANTRA (OM)
Price: $3.5
24-Hour Loss: -5%
Overall, the market currently reflects an uncertain investor sentiment despite the pro-crypto presidential inauguration. Nevertheless, long-term prospects remain bullish, as also stressed by crypto analyst Ali Martinez. Ali states that the “first pro-crypto U.S. President just got inaugurated,” whilst the market is panic selling. Traders and investors continue to monitor cryptocurrencies for further price action shifts.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Litecoin whales have shaken the crypto market to its core on Saturday, embarking on a massive buying spree amid the latest ETF advancement. Renowned crypto analyst Ali Martinez revealed that these whales accumulated nearly 1 million tokens over the past two weeks. Investors are eyeing this as a highly bullish event, given that the market has also seen Canary Capital’s LTC ETF on the Depository Trust & Clearing Corporation (DTCC) recently.
Litecoin Whales Buy Heavily, Investors Bullish Amid ETF Development
According to an X post by Ali Martinez on February 22, Litecoin whales acquired 930,000 tokens in the past two weeks. This data reverberated substantial market optimism for the crypto, underscoring heightened buying pressure despite the broader market turbulence.
Notably, crypto whales are large-scale investors with considerable trading experience in the market. Their trade maneuver to accumulate coins surfaces as bullish news, underlining market confidence in the token’s potential to gain on the back of recent developments.
Canary Capital’s ETF Emerges On DTCC
The latest ETF development for the token has solidified hopes of an approval ahead. CoinGape reported that Canary’s LTC ETF appeared on the DTCC platform under the ticker LTCC this week. This saga has solidified investor bullishness as an exchange-traded product backed by the crypto may be available soon.
Also, renowned ETF analyst Eric Balchunas further anticipated that there is a 90% chance of approval in 2025. The Litecoin whale accumulations amid this bullish event have further boosted the coin’s market sentiment, indicating potential gains ahead.
LTC Price Eyes Rally?
However, despite the massive buying, LTC price tanked over 5% on Saturday, closing in at $128.13. The coin hit a bottom and peak of $123.93 and $139.86 in the past 24 hours. The weekly chart for the token also illustrated a 3% drop. This waning action primarily falls in with the broader crypto market volatility.
Nevertheless, renowned crypto trader Carl Moon took to X, revealing that a $143 price target looms for the token. As per Carl, LTC is forming a bullish flag on lower timeframes, signaling an uptrend ahead. The significant buying pressure brought by Litecoin whales further supports this bullish prediction.
Crypto market traders and investors thoroughly monitor the token, reflecting optimism amid recent ETF developments and strong whale support.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Amidst the SEC’s positive approach to XRP exchange-traded funds (ETFs), anxiety is building around the potential resolution of the Ripple lawsuit. Notably, the recent settlement of the Coinbase case has fueled community optimism about a potential dismissal of the XRP lawsuit. According to legal expert Jeremy Hogan, a settlement in the Ripple vs. SEC case is possible as early as Q2 2025.
Will XRP Lawsuit be Settled by May 2025?
As the community awaits an imminent resolution in the XRP lawsuit, advocate Jeremy Hogan shared his insights. In an X post, Hogan stated that the Ripple vs. SEC case could witness a settlement by the first half of April or early May. However, he clarified that the prediction is merely his intuition and not based on any concrete evidence.
Hogan’s comments came in response to Good Morning Crypto host Johnny Krypto’s post. Addressing Hogan, Johnny Krypto shared a thread, seeking the lawyer’s opinion on the impending conclusion of the XRP lawsuit. The message read, “Do you think the XRP case can get dropped sooner than you originally thought or does May still feel right to you gut??
Coinbase Case Closure and XRP Lawsuit Settlement
In a surprising development, the US SEC agreed to drop the prolonged Coinbase lawsuit, marking a significant milestone in the crypto space. The move also highlights the SEC’s regulatory changes that visions the establishment of the US crypto environment.
Celebrating the significant development, Coinbase CEO Brian Armstrong posted on X that the platform reached an agreement with the SEC after “years of litigation, millions of your taxpayer dollars spent, and irreparable harm done to the country.”
Meanwhile, Jeremy Hogan sees the Coinbase suit dismissal with prejudice as a strong win, as it permanently closes the case. He means that there is no room for the SEC to refile the case.
Notably, as per Hogan’s words, the SEC’s bold move suggests they’re not waiting for Commissioner Atkins’ confirmation to take decisive action on crypto regulation. This implies the SEC might make more crypto-friendly moves even before Atkins takes office, potentially indicating an imminent XRP lawsuit settlement.
SEC’s XRP ETF Acknowledgements Spark Enthusiasm
Over the last few days, the SEC has taken significant steps towards potentially approving XRP ETFs. Particularly, the SEC acknowledged XRP ETF applications submitted by multiple asset managers including Grayscale, 21Shares, CoinShares, Bitwise, and Canary Capital.
This optimistic move, coupled with the SEC’s decision to drop the Coinbase case, has sparked speculations of an early XRP lawsuit settlement. Previously, Jeremy Hogan posited that the XRP lawsuit conclusion could be possible before the SEC’s approval of an XRP ETF.
Although the SEC’s ETF nod doesn’t assure approval, it has fueled community optimism about a potential ETF launch and lawsuit dismissal. As per wider speculations, with the SEC recognizing XRP ETF applications, a lawsuit dismissal is now within reach.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The Pi coin finally launched on the mainnet today, which has already led to predictions on how high the crypto could rise following the launch. Now, crypto analyst Gem Hunter has provided a bullish outlook for the coin, suggesting that it could even surpass the XRP price after it gets listed on Binance.
Pi Coin Could Surpass XRP Price After Binance Listing
Gem Hunter recently suggested that the Pi coin price could surpass the XRP price after a potential Binance listing. In an X post, the analyst noted that Pi network’s chart doesn’t look bad at all and hinted that the current price was the bottom.
The analyst further remarked that the Pi coin had recorded almost $1 billion trading volume in eight hours despite listing on only a few centralized exchanges (CEXs). Gem Hunter stated that the real fun will start when Binance and other top crypto exchanges list Pi. As such, he urged market participants to buy the dip and hold.
The analyst’s accompanying chart showed that the Pi coin price could rally to as high as $2.8 when Binance and these top exchanges potentially list the coin. A rally to this price level could put Pi above the XRP price, which is currently trading at around $2.6.
It is worth mentioning that Binance is currently running a community poll on whether it should list Pi. Most community members have voted for the top crypto exchange to list the coin. As such, there is the possibility that Binance could list the crypto at some point, which would provide some bullish momentum for its price.
The Pi network mainnet officially launched today. Consequently, the Pi coin also went live on several exchanges, including OKX, and reached an all-time high (ATH) of $2.2 before witnessing a price correction.
XRP Price Could Surge Before Then
Crypto analyst Dark Defender recently predicted that the XRP price could surge to $3 soon enough, a move which would see the crypto surpass the projected $2.8 level for Pi coin. According to the analyst, XRP will see a break towards $2.77 first and then towards $3 “within hours.”
Meanwhile, in his analysis of XRP in the 12-hour time frame, crypto analyst Egrag Crypto noted that the coin has bounced off the low edge of the ascending triangle, showing bullish momentum. The analyst stated that targeting $2.83 is the next bullish milestone for XRP.
Egrag Crypto further remarked that a bullish signal will occur when XRP closes above the $2.90 and $3.10 range with confirmation. He claimed this would turn this range into strong support for a bullish continuation and a major milestone from a structural perspective.
The XRP price is already up today thanks to bullish fundamentals such as the SEC’s acknowledgment of the XRP ETFs and Hashdex’s XRP ETF, which is set to launch in Brazil.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Kanye West is Launching His Token Despite Past Criticism
Litecoin Whales On Buying Spree Sack 930K Coins Amid LTC ETF Buzz, What’s Next?
Lawyer Estimates Maximum Timeframe for Ripple vs SEC Case Dismissal
Mantle (MNT) Falls 10% as Bybit Hack Rattles Investors
Bitcoin Pepe set to reap big from its virality, fundamentals, and timing
Bybit Assures Stability Amid $5.2 Billion Asset Outflow After Hack
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
-
Regulation24 hours agoCoinbase scores major win as SEC set to drop lawsuit
-
Ethereum21 hours agoEthereum Holds Key Support – Analyst Doubts Bears Can Defend $4K Anymore
-
Market24 hours agoCardano Breakout Hints at Strong Recovery Ahead
-
Market23 hours agoShiba Inu’s December 2024 Downtrend Could End As Inflows Rise
-
Altcoin23 hours agoSui Price Sees Explosive Growth Amid Increasing Daily Active Addresses: Will It Hit $8?
-
Market22 hours agoBybit Reportedly Hacked for Over $1.5 Billion
-
Market21 hours agoLINK Price Action Turns Cautious As Bearish Pennant Shapes Up
-
Market20 hours agoWhat It Means for the XRP Lawsuit
✓ Share: