At 11:07 IST, Bitcoin was trading at $95,560, up 2%, with an intraday high of $95,824. Ethereum also rose 1.9%, trading at $3,409.
Major altcoins also saw notable gains, with XRP up 12.4%, Solana up 8%, Cardano up 10%, and Stellar up 21%. The global cryptocurrency market capitalization increased by around 2.9% to $3.36 trillion, while trading volume fell by 9.15% to $99.6 billion. With the holiday season coming to an end, an increase in trading volume is expected by next week.
Cryptocurrency tracker
“The new year has brought renewed buying interest in the broader crypto market, with tokens such as XRP, Chainlink and Cardano seeing gains. Bitcoin is also up almost 2%. , trading near $95,000 ETFs saw strong year-end inflows with ETH ETF net inflows amounting to $36 million, suggesting a recovery. commercial activity institutional, with Trump coming to power soon to act as a major catalyst, we may see some price action in the coming weeks,” Edul said. Patel, CEO of Mudrex.Also Read: Top 6 Fast Growing Cryptocurrencies to Watch for Maximum Profit Potential
Meanwhile, CoinSwitch Markets Desk noted: “Bitcoin remains range-bound between $92,300 and $96,000, facing resistance amid weakening U.S. retail demand. The Coinbase Premium Index hit a 12-month low, reflecting increased selling pressure, while long-term holders sitting on large profits face the risk of sell-offs in the new year. »
Vikram Subburaj, CEO of Giottus, added: “Bitcoin remains limited around $95,000, with $94,000 serving as a key support level. »
Also Read: Small Indian Towns Join Crypto Boom, Spreading Beyond Big Metropolises
According to CoinMarketCap, stablecoins now account for 91.68% of the total 24-hour crypto market volume at $91.32 billion. Bitcoin’s market cap soared to $1.89 trillion and its volume over the past 24 hours decreased by 28.5% to $29 billion.
(Disclaimer: The recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of The Economic Times.)
