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

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.

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