Cryptocurrency Market Today: BTC Recovers Above $97K, DEXE Surges 18%, XRP Gains 12%

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The cryptocurrency market is showing strong signs of recovery after a turbulent start to the week. Bitcoin (BTC) has rebounded past the $97,000 mark, climbing from a recent low near $89,000, as investor sentiment stabilizes ahead of key economic data. With altcoins also posting notable gains, the broader digital asset landscape is regaining momentum.

Market watchers are closely monitoring today’s U.S. Consumer Price Index (CPI) release, which could significantly influence near-term price action across crypto and traditional financial markets. The anticipation around inflation data has added a layer of caution, even as bullish trends re-emerge across major digital assets.

Cryptocurrency Market Overview: Recovery in Motion

After a month of downward pressure, the crypto market cap has climbed to $3.38 trillion**, reflecting a **2.45% increase** over the past 24 hours. While trading volume dipped by **29% to $123 billion, the upward price movement suggests growing confidence among investors. The Fear and Greed Index currently sits at 51, signaling a neutral-to-balanced market sentiment—neither overly fearful nor excessively greedy.

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Bitcoin Rebounds Past $97K

Bitcoin price today stands at **$97,481**, up **2.5%** in the last day. The 24-hour trading range was between **$94,757 and $97,504**, indicating tighter volatility compared to previous swings. This recovery follows a period of consolidation below $90K, reigniting optimism among long-term holders.

BTC ETFs saw a net inflow of $9.7 million**, led by WisdomTree adding **$10 million in new positions. Bitwise exited with a $9 million outflow, while BlackRock’s data remains pending—keeping traders on high alert for institutional signals.

With CPI data looming, any surprise in inflation figures could trigger rapid BTC movements. A hotter-than-expected print may pressure prices, while a cooler number could fuel another leg upward.

Ethereum Gains Momentum at $3,210

Ethereum (ETH) is trading at $3,210**, up **1.5%** over 24 hours. Its price range hovered between **$3,158 and $3,256**, showing steady accumulation. ETH ETFs recorded a modest but meaningful inflow of **$1.15 million, entirely driven by Bitwise—a sign of selective institutional interest returning to Ethereum-based products.

As Ethereum continues to dominate the smart contract ecosystem and layer-2 expansion accelerates, investor focus remains on staking adoption and potential regulatory clarity around ETH’s classification.

XRP Leads Top 10 with 12% Surge

XRP surged 12% to trade at $2.80**, making it the top performer among major cryptocurrencies. The 24-hour range extended from **$2.517 to $2.869, reflecting strong buying interest. This rally comes amid heightened legal anticipation: Ripple faces the SEC’s appeal hearing today, January 15, which could shape the future regulatory path for XRP.

Ripple CEO Brad Garlinghouse recently criticized SEC Chair Gary Gensler for the agency’s “regulation-by-enforcement” approach, emphasizing the need for clear crypto legislation. Market participants view the hearing as a pivotal moment that may determine whether XRP gains broader institutional acceptance.

👉 Stay ahead of regulatory developments affecting top altcoins like XRP.

Solana Climbs 2.5% Amid Renewed Optimism

Solana (SOL) gained 2.5%, now trading at $187** after moving between **$184.3 and $190 over the past day. SOL continues to benefit from strong developer activity and growing adoption in decentralized finance (DeFi) and NFTs.

With speculation mounting around a potential U.S.-based staking ETF, Solana remains in focus for both retail and institutional investors seeking exposure to high-performance blockchain platforms.

Top Gainers: AIXBT, DEXE, and AI16Z Lead the Charge

While large-cap assets stabilize, smaller projects are driving explosive returns:

These gains highlight continued appetite for innovation in AI-integrated tokens and decentralized exchange ecosystems, particularly as market liquidity begins to return.

Top Losers: Fartcoin and MOVE See Pullbacks

Despite the overall bullish trend, some assets declined:

These corrections may reflect profit-taking or sector-specific headwinds, especially for newer projects still building user bases.

Meme Coins Rally: DOGE and SHIB Regain Strength

Meme coins are back in favor, riding the broader market wave:

The resurgence underscores persistent retail enthusiasm for community-driven assets, often amplified by social media trends and celebrity mentions.

Hourly data shows sustained momentum—Bitcoin is up another 0.2% in the last hour alone, with most major altcoins following suit. XDC Network also rose 4%, adding to the positive sentiment.


Frequently Asked Questions (FAQ)

Q: Why did Bitcoin rebound above $97K?
A: BTC recovered due to short-term oversold conditions, renewed institutional buying via ETFs, and anticipation of favorable CPI data that could ease pressure on monetary policy.

Q: What’s driving XRP’s 12% price surge?
A: The rally is largely tied to Ripple’s upcoming SEC appeal hearing and growing expectations for clearer crypto regulations in the U.S., boosting investor confidence in XRP’s long-term viability.

Q: Are meme coins safe to invest in?
A: Meme coins carry high volatility and speculative risk. While they can deliver quick gains, they lack fundamental utility compared to established blockchains—investors should proceed with caution and only allocate risk capital.

Q: How do ETF inflows affect cryptocurrency prices?
A: Positive ETF flows indicate institutional demand, which often leads to sustained buying pressure and increased market credibility—key drivers for price appreciation over time.

Q: What does a neutral Fear and Greed Index mean for traders?
A: A reading of 51 suggests balanced sentiment—neither panic nor euphoria dominates. This environment often precedes breakout moves, especially when catalysts like CPI reports are released.

Q: Is now a good time to enter the crypto market?
A: With major assets recovering and volatility calming, it may present a strategic entry point—but always base decisions on personal risk tolerance and thorough research rather than market timing alone.


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