The cryptocurrency market displayed bullish momentum on Friday. The global crypto market cap rose by 1.4%, reaching $3.4 trillion. The total crypto market volume over the last 24 hours is $118.5 billion, reflecting a 19.29% increase. The total volume in DeFi is $8.91 billion, making up 7.52% of the total crypto market volume. The volume of all stablecoins stands at $108.92 billion, accounting for 91.91% of the total 24-hour crypto market volume. The Fear and Greed Index stands at 57, indicating neutral investor sentiment. Bitcoin (BTC) price today Bitcoin reclaimed the $97,000 mark on Friday. Bitcoin (BTC) was trading at $96,630.43, up 1.30% in the last 24 hours. The 24-hour range for BTC was $95,231 to $97,739, with trading volumes spiking 45% to $41.69 billion. Bitcoin’s market dominance reached 56.24%. Bitcoin ETFs saw inflows of $90 million, led by Bitwise with $48 million, Fidelity with $36 million, and ARK & 21Shares contributing $16 million. Ethereum (ETH) price today Ethereum (ETH) was trading at $3,448.93, reflecting a 1.29% gain. The 24-hour range for ETH was $3,397.07 to $3,439.45, with a market cap of $416 billion. Trading volumes for ETH surged 22% in the last 24 hours to $20.46 billion. However, Ethereum ETFs recorded outflows of $77 million, primarily driven by Bitwise ($56 million) and Grayscale ($21 million). XRP and SOL price today XRP traded at $2.43, up 1.57% in the last 24 hours. In the last 24 hours, the coin made a high of $2.47 and a low of $2.35, with trading volumes declining 35% to $6.61 billion. Solana (SOL) surged 4% to $206, with a 24-hour range of $197 to $209. The positive trend for SOL aligns with the broader market’s bullish sentiment Crypto gainers on Friday SPX6900 (SPX) led the charge today, surging 24% to reach $1.20. This jump boosted its market cap to $1.11 billion. Trading volumes for the coin have also skyrocketed in the past 24 hours, going up 109% to $95.21 million. Fartcoin (FARTCOIN) continued its impressive run, climbing 26% to hit a new all-time high of $1.45. The Solana-based AI meme coin has surged over 600% in the past 1 month. Crypto losers on Friday Virtual Protocol (VIRTUAL) led the losses, declining 13% to trade at $4.32. Hyperliquid (HYPE) followed suit, dropping 10% to $23.49, indicating potential market pressure. XDC Network (XDC) and Pudgy Penguins (PENGU) also faced minor pullbacks, declining 4-5% over the last 24 hours. Crypto traders pin hopes on Trump The cryptocurrency industry is urging President-elect Donald Trump’s team to initiate his promised crypto policy overhaul through executive orders once he takes office later this month, with the goal of helping push tokens into the mainstream. Trump plans to issue a series of executive orders on issues ranging from immigration to energy on his first day in office, Janauary 20, according to Reuters. During his campaign, Trump embraced the crypto community, promising to be a “crypto president.” The industry hopes he will follow through by issuing orders to create a Bitcoin stockpile, ensure access to banking services, and establish a crypto council. Industry officials are pushing for these executive orders within Trump’s first 100 days in office, with expectations that at least one could be signed on January 20. The post Crypto market upbeat on Friday: BTC reclaims $98k, ETH up 1.3% appeared first on Invezz
