Today crypto market has been driving an uptrend momentum following the announcement of the US CPI figures. Yesterday, January 15, digital asset markets saw a sigh of relief after better-than-anticipated US inflation contributed to reviving demand for risky assets including stocks and crypto.
The global crypto market cap has risen 2.71% to an incredible $3.48 trillion. The total market volume also surged 20.84% to $154.97 billion, highlighting increased enthusiasm in the market.
The greener numbers also helped the fear & greed index rise to 75, showing restored interest among traders and investors.
Bitcoin below $100k
Bitcoin managed to broaden its recovery, currently trading at $98,815.94, up 1.69% over yesterday after another positive inflation report boosted traders’ risk appetite. Its trading volume rose 18.60%, indicating sustained resilience and a recent increase in market activity.
While the ongoing correction momentum is not over, the wider crypto markets continue to maintain their bullishness with more growth expected in 2025.
Altcoins are green
Today most top 10 crypto assets are showing green. XRP reached $3 after it saw an increase of over 7.64%. SOL and TRX made significant uptrends by 5.27% and 4.11% respectively.
DOGE, ETH, and BNB also surged 2.98%, 2.33%, and 1.08% respectively, indicating robust bullish sentiment across the board.
Besides that, AI tokens are another category that made a noticeable performance with GRIFFAIN and AIXBT climbing to new all-time highs today.
Small-cap tokens are top garners
In another interesting development, small-cap cryptocurrencies emerged as the best performers in today’s broader market.
Misato topped the market with a tremendous rise of 624% over yesterday. Whisp followed with a massive 407% increase. JailbreakMe came third with an incredible 240% rise.
Sympson and Project Plutis also experienced remarkable 99.3% and 87.1% increases respectively. These surges show that investors and traders are increasingly capitalizing on small-cap tokens to reap high-growth opportunities.
Latest news in the market
As people know, the crypto market is always on the move, with new communities, projects, and technologies emerging every day. Here is a look at some of the latest events that generated significant buzz today:
Jupiter, a DEX aggregator on Solana, rolled out an airdrop checker that enables users of its products to check if they are eligible for the forthcoming “Jupuary” airdrop.
Also, Oklahoma members of parliament introduced a new legislative bill seeking to create Bitcoin as a strategic reserve asset.
Finally, Dubai announced plans to build a blockchain-powered Crypto Tower. The 17-storey building will function as a center for Web3, DeFi, and blockchain firms in Dubai.
