Crypto Market Today (Jan 11th, 2025): Bitcoin Price Struggles to Build Momentum, While Bitcoin SV Surges 14%
Shrishesh Tanksalkar11 Jan 20252 min read
The crypto market today has shown a rather modest recovery, with its market cap inching up by a mere 0.19% to $3.28 trillion. Amidst the growing uncertainty the intraday trading volume sunk by 7.81% taking the numbers to $139.18 billion. The numbers have directly impacted the Fear & Greed Index which now stands at a neutral score of 48, reflecting investors & traders carrying a cautious move.
Bitcoin Awaits the Bulls?
The rising treasury yields and dollar strength have significantly hampered BTC’s move to $100k. BTC price has grown a negligible 0.44% in the past 24 hours to $94,103.99. While the trading volume dropped 4.75% to $57.79 billion, Bitcoin’s market cap stood firm at $1.86 trillion. Talking about ETFs and their numbers, Bitcoin witnessed an inflow of $34 million the previous day. That being said, Bitcoin now awaits the bulls for some action on the daily charts.
Explore our Bitcoin Price Prediction for a detailed analysis of its potential movements.
Altcoins Today: ETH, SOL Slip, While XRP Gains
Ethereum, the second-largest cryptocurrency, witnessed a minor dip of 0.24%, trading at $3,235.44. Solana declined 1.71% to $185.52, while XRP stood out with a notable 2% gain, trading at $2.33. These mixed trends highlight the ongoing volatility in the altcoin space.
Stay updated with insights through our Ethereum Price Prediction and Solana Price Forecast.
Top Gainers:
- Bitcoin SV (BSV): +14.38% to $59.53.
- IOTA: +11.03% to $0.3401.
- Fantom (FTM): +6.16% to $0.6952.
Top Losers:
- VIRTUAL: -9.52% to $2.88.
- SPX6900: -6.52% to $1.09.
The rise of BSV and IOTA underlines renewed interest in mid-cap coins, while VIRTUAL’s decline reflects temporary bearish pressure.
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FAQs
- At the time of writing, 1 Bitcoin (BTC) is priced at $94,103.99.
