News View Non-AMP

Crypto News Today (21st January, 2025): Bitcoin at $104k | Microstrategy Buys $1.1 Billion Worth BTC

Published by
Shrishesh Tanksalkar

The global cryptocurrency market experienced a pullback today, with the total market capitalization declining by 2.20% to $3.58 trillion. Trading volumes also took a significant hit, dropping by 28.96% to $263.97 billion, reflecting reduced investor activity. While numbers went south, Microstrategy made it to the news with its purchase of 11,000 BTC.

Bitcoin Price Today Holds at $104k

Bitcoin price witnessed a 2% decline in the last 24 hours, trading at $104,794.90. This comes after hitting an all-time high of $109,114.88 just yesterday. The market cap for Bitcoin slipped by 2.11% to $2.07 trillion, while trading volumes fell 8.85% to $103.16 billion. In the meantime, MicroStrategy, led by Michael Saylor, made its 11th consecutive purchase, adding 11,000 BTC to its portfolio. The company now holds a staggering 461,000 BTC, showcasing continued institutional confidence.

Curious about BTC’s next price target? Read our Bitcoin (BTC) Price Prediction 2025, 2026 – 2030 NOW!

Mixed Performance in Altcoins

Ethereum, the second-largest cryptocurrency, remained relatively stable, losing only 0.29% to trade at $3,306.28. Solana, however, bore the brunt of today’s correction, dropping 4.22% to $243.02, while XRP slid 3.92% to $3.14.

Wondering if the Ethereum price could claim $5k soon? Read our Ethereum Price Prediction 2025, 2026 – 2030 for details!

Top Gainers & Losers

Among the gainers, Raydium led with a 6.82% increase, trading at $7.42. Mantle followed with a 6.18% surge to $1.07, while AI16Z climbed 3.19% to $0.902. Conversely, the losers were dominated by TRUMP, which plunged 26.89% to $39.84. FARTCOIN and SPX6900 also suffered steep losses, dropping 25.91% and 19.16%, respectively.

Market Sentiment:

The Fear & Greed Index registered a score of 59, indicating neutral market sentiment. Traders seem cautious as the market absorbs recent developments and a volatile trading session.

Subscribe to us, to stay tuned for daily updates on the dynamic world of cryptocurrency.

FAQs

How much does 1 BTC cost today?

The price of 1 Bitcoin (BTC) stands at $104,794.90 at press time.

Which tokens performed the best today?

Raydium (RAY), Mantle, and AI16Z were the top gainers, with increases of 6.82%, 6.18%, and 3.19%, respectively.

How has Ethereum (ETH) performed today?

Ethereum (ETH) remains steady, with a minor loss of 0.29%, trading at $3,306.28.

Shrishesh Tanksalkar

Recent Posts

7 Best Meme Coins to Buy Now — APC Coin’s Deflationary Setup Catches Eyes with Neiro, Pepe Unchained, and More

What if the next big crypto boom isn't driven by Bitcoin or Ethereum, but by…

June 7, 2025

Top 7 Indicators That Ozak AI Is the Next Big Thing in AI Tokens

Convergence of artificial intelligence (AI) and blockchain technology continues to reshape the crypto space, one…

June 7, 2025

A New Era Begins with FUNToken AI Agent

FUNToken launches a smart rewards bot — the first step toward building an AI agent…

June 7, 2025

The 6 Best Crypto Exchanges: Top Picks for Seasoned Pros in 2025

The crypto market of 2025 is now a full-blown financial arena where professionals, institutional traders,…

June 7, 2025

Analysts Say This New Crypto Is The Best Risk-To-Reward Play Over Dogecoin (DOGE)

Analysts are spotlighting Mutuum Finance (MUTM) as the best crypto to buy now, outshining Dogecoin…

June 7, 2025

Investors Are Moving Beyond Dogecoin (DOGE): Ruvi AI (RUVI) Emerges as the Smarter 2025 Altcoin Bet

Investors seeking more than speculative momentum are increasingly shifting their attention from Dogecoin (DOGE) toward…

June 7, 2025