The cryptocurrency market saw mixed reactions on January 20, as Bitcoin (BTC) fell to $101,000 after reaching a high of $106,000 earlier.
The global cryptocurrency market is seeing a lot of activity today as Donald Trump is set to officially begin his presidential term.
Trump made headlines by launching a meme coin, “TRUMP Coin,” which has risen 55% in the past 24 hours.
In addition, Melania Trump also unveiled her digital currency (MELANIA), which skyrocketed by 2,000% shortly after its launch.
The global market capitalization of cryptocurrencies saw a decline of approximately 3%, reaching $3.54 trillion.
The total cryptocurrency market volume over the past 24 hours reached $349.43 billion, reflecting an increase of 82.33%.
Major cryptocurrencies such as Bitcoin, Ethereum (ETH), Solana (SOL), and XRP have seen downward pressure, reflecting ongoing market volatility.
Bitcoin (BTC) price today
Today, Bitcoin price was trading at $102,197.57, recording a 2.45% decline in the past 24 hours.
Its 24-hour low was $99,471, while its high was $106,229.
Trading volume for the coin increased by more than 81% to $91 billion.
The market capitalization of Bitcoin reached $2.02 trillion. Bitcoin dominance currently stands at 57.29%, showing a 0.26% increase on the day.
Despite recent volatility, Bitcoin ETFs recorded a significant weekly inflow of $887 million, highlighting continued institutional interest in the cryptocurrency.
Ethereum (ETH) price today
Ethereum saw a 0.4% decline, trading at $3,268.45.
Its 24-hour low and high were $3,137 and $3,444, respectively.
Trading volume for the coin increased by a whopping 88% to $63 billion.
Ethereum ETFs recorded a weekly inflow of $188 million.
XRP price today
XRP was trading at $3.10, registering a 2.60% decline over the past 24 hours.
Despite this decline, XRP is still up 25% over the past week.
Trading volumes for the currency rose by 60% to reach $18 billion.
It is worth noting that the XRP whale transferred tokens worth $95 million before Trump’s inauguration, which aroused the curiosity of investors.
Solana (SOL) price today
Solana was the biggest loser among the top 10 cryptocurrencies by market cap.
Solana fell 10% to $245, with a 24-hour low of $231 and a high of $294.
Trump and Melania coins steal the spotlight
Among the biggest gainers, Trump’s official currency (TRUMP) rose 40%, to $53.50, while Melania Coin, Melania Trump’s token, rose 19% to $8.70.
Meme coins, including Dogecoin (DOGE) and Shiba Inu (SHIB), showed downward momentum following the launch of Trump and Melania’s meme coins.
Dogecoin fell 7%, while Shiba Inu fell 6%. Other notable meme coins like PEPE and BONK also saw declines ranging from 13% to 15%.
Wider crypto price action
Avalanche (AVAX) is currently trading at $35.83, showing an increase of 1.17% in the past hour but a significant decrease of 8.74% in the past 24 hours.
Aptos (APT) is valued at $8.51, with an increase of 1.95% in the past hour but a notable decrease of 9.81% in the past 24 hours.
Aave (AAVE) is currently trading at $320.15, displaying a 3.17% increase in the past hour and a modest 3.26% increase in the past 24 hours.
Algorand (ALGO) is trading at $0.4113, with a slight increase of 0.67% in the past hour but a decrease of 4.10% in the past 24 hours.
Arbitrum (ARB) is currently valued at $0.7061, showing an increase of 2.16% in the past hour and a decrease of 6.94% in the past 24 hours.
Arweave (AR) is trading at $15.13, with an increase of 2.68% in the past hour but a decrease of 8.34% in the past 24 hours.
ApeCoin (APE) price is currently at $0.9743, displaying a 3.36% increase in the past hour and a notable 11.19% increase in the past 24 hours.
1 inch grid is trading at $0.3401, with an increase of 1.08% in the past hour and a decrease of 7.61% in the past 24 hours.
Ox Protocol (ZRX) is currently valued at $0.4583, showing an increase of 1.46% in the past hour but a decrease of 8.50% in the past 24 hours.
Ankr (ANKR) is trading at $0.03162, with an increase of 0.98% in the past hour and a decrease of 8.39% in the past 24 hours.
aelf (ELF) is currently trading at $0.3794, showing an increase of 1.38% in the past hour but a significant decrease of 10.87% in the past 24 hours.
Band Protocol (BAND) is worth $1.26, with an increase of 2.20% in the past hour but a notable decrease of 9.76% in the past 24 hours.
Balancer (BAL) price is currently at $2.74, displaying a 2.46% increase in the last hour and a modest 3.44% decrease in the last 24 hours.
Aragon (ANT) is trading at $2.80, with a slight decline of 0.01% in the past hour but a significant decline of 38.99% in the past 24 hours.
Ark (ARK) is trading at $0.5221, down 0.47% in the past hour but down 8.87% in the last 24 hours.
Ardor (ARDR) is currently valued at $0.0903, showing an increase of 1.47% in the past hour and a decrease of 3.48% in the past 24 hours.
Bancor (BNT) is trading at $0.6841, with an increase of 0.71% in the past hour but a slight decrease of 0.35% in the past 24 hours.
Ampleforth (AMPL) is currently trading at $1.12, displaying an increase of 1.99% in the past hour and a slight decrease of 0.24% in the past 24 hours.
AirSwap (AST) is trading at $0.08767, with an increase of 1.80% in the past hour and a decrease of 9.03% in the past 24 hours.
Æternity (AE) is trading at $0.02427, with an increase of 1.32% in the last hour but a significant decrease of 15.47% in the last 24 hours.
Augur (REP) is currently trading at $0.5403, showing a decline of 3.45% in the past hour and a decline of 11.04% in the past 24 hours.
ABBC Coin (ABBC) is worth $0.002908, with an increase of 0.23% in the past hour and a decrease of 9.33% in the past 24 hours.
Aion (AION) is trading at $0.001997, with a decline of 0.01% in the last hour and a decrease of 0.01% in the last 24 hours.
The post Cryptocurrency Prices January 20: BTC Drops to $102K, Trump and Melania Coins Shine appeared first on Invezz
