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.
The post Crypto Market Today Jan 21: BTC Above $102K, Meme Coins Take Heat appeared first on CoinGape.
