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BTC Hits $97K, HYPE and VIRTUAL Gain 25%

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Cryptocurrency prices today are showing bullish momentum, with Bitcoin (BTC) rebounding above $97K after touching a low of $92K. Major altcoins like Ethereum (ETH) and XRP also saw gains, reflecting positive market sentiment.

Hyperliquid (HYPE) and Virtual Protocol (VIRTUAL) emerged as top gainers, each rising by 25% in the last 24 hours. Hyperliquid’s price surge follows Bitget’s announcement of listing its token on their exchange, while Virtual Protocol’s increase is attributed to the launch of their GAME SDK.

The global crypto market has also risen, reaching $3.38 trillion, up by approximately 0.5% in the last 24 hours. Trading volume surged by 10%, hitting $301 billion, showcasing increased activity in the market.

Cryptocurrency Prices Today: BTC Above $97K, ETH, XRP, SOL Gain

Cryptocurrency prices today reflect a positive shift, with Bitcoin (BTC) trading above $97K and major altcoins like Ethereum (ETH), XRP, and Solana (SOL) posting gains. Meme coins, including Dogecoin and Shiba Inu, also showed signs of recovery after recent declines.

Bitcoin Price Today

Bitcoin (BTC) price was trading at $97,412, reflecting a 1% increase in the last 24 hours. Its 24-hour low and high were $92,210 and $98,136, respectively. The market cap stood at $1.93 trillion, with a trading volume of $100 billion, while BTC’s market dominance was recorded at 56.83%.

According to SoSo Value, BTC ETFs experienced outflows of $204 million, marking the second consecutive day of outflows after a long period. Additionally, Ark & 21Shares reported outflows of $87 million, while Fidelity recorded $71 million in withdrawals. Data from BlackRock regarding BTC ETF activity is still awaited.

In other news, Michael Saylor unveiled a mechanism demonstrating how the U.S. could generate $81 trillion by establishing a Strategic Bitcoin Reserve. This proposal has sparked discussions on leveraging Bitcoin for national financial strategies.

Ethereum Price Today

Ethereum (ETH) price was trading at $3,466, reflecting a 1% increase in the last 24 hours. Its 24-hour low and high were $3,099 and $3,497, respectively. Cryptocurrency prices today highlight ETH’s market cap at $417 billion, with a trading volume of $62 billion and a market dominance of 12.32%.

ETH ETFs saw an inflow of $28 million, with Fidelity purchasing $13 million worth of ETFs. Grayscale followed closely, buying $15 million in ETFs, while data from BlackRock is still awaited, which could influence cryptocurrency prices today.

In other news, Donald Trump’s World Liberty Financial has reportedly accumulated more ETH during the recent price dip. This development underscores growing institutional interest in Ethereum despite market volatility.

XRP Price Today

XRP price was trading at $2.31, reflecting a 0.5% increase in the last 24 hours. Its 24-hour low and high were $1.97 and $2.338, respectively. Cryptocurrency prices today show XRP’s market cap at $130 billion, with a trading volume of $26 billion. It remains the fourth-largest cryptocurrency by market cap, with a market dominance of 3.86%.

In other news, Ripple, the company behind XRP, has pledged $5 million in its native XRP token to support President-elect Donald Trump’s inauguration. This move highlights Ripple’s strategic initiatives and its commitment to fostering global partnerships.

Solana Price Today

Solana (SOL) price was trading at $193, with a 24-hour low of $175 and a high of $197. Cryptocurrency prices today show SOL’s market cap at $92 billion and a trading volume of $9 billion in the last 24 hours. Meanwhile, crypto analytics platform Glassnode reported significant capital movement across Solana assets, indicating heightened investor activity and interest in the Solana ecosystem.

Meme Cryptocurrency Prices Today

Meme coins have also followed the trend of major altcoins, with Dogecoin (DOGE) up by 1%, trading at $0.32. Similarly, Shiba Inu (SHIB) was also up by approximately 1%, trading at $0.00002259. Other top meme coins like PEPE, BONK, and WIF saw increases ranging from 2% to 9% in the last 24 hours, as cryptocurrency prices today show positive momentum in the meme coin market.

Top Cryptocurrency Gainer Prices Today

Hyperliquid

Hyperliquid (HYPE) price surged by 25% in the last 24 hours, trading at $31.97. Its 24-hour low and high were $22.96 and $32.23, respectively. Cryptocurrency prices today highlight HYPE’s market cap at $8.69 billion, with a trading volume of $583 million.

Virtual Protocol

Virtual Protocol price also saw a 25% gain, trading at $2.734. Its 24-hour low and high were $2.03 and $2.842, respectively. The market cap stands at $2.73 billion.

Ethena

Ethena (ENA) price rose by 16%, trading at $1.16. Its 24-hour low and high were $0.85 and $1.224, respectively. In other news, Ethena Labs has partnered with Trump-backed WLFI to boost stablecoin liquidity and rewards by adding sUSDe as core collateral on Aave.

Top Cryptocurrency Loser Prices Today

Aptos (APT)

Aptos (APT) price became the top loser for today, falling by 13% in the last 24 hours. It was trading at $10.23, with a 24-hour low and high of $9.90 and $11.77, respectively. The price drop is attributed to the resignation of Mo Shaikh, the co-founder and CEO of Aptos Labs, which has caused concerns within the community.

Hedera

Hedera (HBAR) became the second worst performer for today, with a 4% price drop, trading at $0.2688. Its 24-hour low and high were $0.23 and $0.28, respectively, with a market cap of $10 billion. In other news, the Hedera Foundation has announced Charles Adkins as its new CEO, effective January 1, 2025.

Besides this, the hourly chart is showing a rebound in the crypto market after yesterday’s flash crash. Bitcoin (BTC) and major altcoins are showing positive momentum, indicating a recovery in cryptocurrency prices today.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Coinbase CLO Applauds US SEC Chair Nominee Paul Atkins Ahead of Senate Confirmation

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The nomination of Paul Atkins to become the next chairman of the U.S. Securities and Exchange Commission (SEC) has sparked strong reactions from both supporters and critics.

Among those expressing support is Paul Grewal, Chief Legal Officer of Coinbase, who recently attended a Senate Banking Committee hearing on Atkins’ confirmation. Coinbase CLO  Paul Grewal has highlighted the importance of Atkins’ leadership in bringing clarity to the regulatory landscape for digital assets.

Coinbase CLO Applauds US SEC Chair Nominee Paul Atkins

At the Senate Banking Committee hearing, Paul Atkins highlighted that there should be clear rules and approaches to the digital assets which is in line with the Coinbase’s CLO. Grewal shared his appreciation of Atkins by tweeting and arguing that policy certainty is vital for the improvement and progression of the new economy in the United States. According to the Coinbase’s Chief Legal Officer Paul Grewal, greater clarity on regulation of cryptocurrencies would create new markets and a shield consumers and place the nation at the front row of technology ad finance.

Under his regime, Atkins revealed that digital assets would be prioritized since the current legal frameworks are a hindrance to development. “Unclear, overly politicized, complicated and burdensome regulations are stifling capital formation,” Atkins said during the hearing.

In addition to his focus on crypto, Mr. Atkins, alongside Comptroller of the Currency nominee Jonathan Gould, also addressed the issue of debanking during the hearing. The two nominees committed to ending this practice, which they both described as undemocratic. “It’s time for the SEC to get back to basics,” Coinbase’s CLO said.

This is in tandem with Coinbase urging regulators to be more clear on their regulations especially after having had a taste of the regulatory endeavours in the recent past.

“Getting workable rules and regulatory clarity for crypto will unlock US-based innovation,” Coinbase CLO Paul Grewal commented.

Senator Elizabeth Warren Calls Out Paul Atkins’ Nomination

Warren’s concerns also extend to the broader financial crisis of 2008. She accused Atkins of downplaying the risks leading up to the crash. Atkins, in response, defended his past record, attributing the crisis to the subprime mortgage market, specifically the role of Fannie Mae and Freddie Mac. Nonetheless, these criticisms are unlikely to prevent his confirmation by the GOP-controlled Senate.

Atkins’ Financial Holdings and Divestment Plans

Atkins’ financial background has raised questions about potential conflicts of interest. His stake in Patomak Global Partners, a consulting firm he founded, has come under scrutiny.

According to government filings, Atkins’ stake in the firm is worth at least $25 million, while his total net worth is estimated at over $327 million.

In light of these concerns, Atkins has committed to divesting from Patomak and other holdings within 90 days of his confirmation. He also pledged to meet or exceed the same ethical standards applied to previous SEC nominees. However, Senator Warren has pressed Atkins to provide more details about who will purchase his stake and whether they will gain any undue access to his potential position as SEC chair.

US Crypto Regulatory Changes Looming

If confirmed, Atkins is expected to push for a reduction in financial regulations, a shift away from some policies introduced under the Biden administration. For instance, the SEC under Gary Gensler’s leadership focused on aggressive regulation of cryptocurrency firms, often accusing them of failing to register as exchanges.

Atkins, by contrast, has expressed a desire for a regulatory framework that fosters capital formation rather than imposing burdensome rules.

Critics of Gensler’s approach see Atkins as a favorable alternative. “It’ll be more of an emphasis on capital formation and investment choice,” said Nick Morgan, a former SEC attorney. This shift could provide a clearer path for companies in the digital asset sector, allowing them to operate with fewer regulatory hurdles.

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Dogecoin Price Eyes 10x Breakout After Elon Musk Ghibli Anime

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Dogecoin price has been showing major strength recently with more than 14% gains on the weekly chart and eyeing a potential breakout above $0.21, after which it can kickstart rally to $2 for another 10x gains. Furthermore, Elon Musk has once again teased DOGE, sharing a Ghibli Anime character of his from a famour scene from “The Lion King”.

Dogecoin Price Eyes A 10x Breakout Ahead

In the last 24 hours, the Dogecoin price has surged another 4%, moving to $0.205 with its market cap just touching $30 billion. Additionally, the daily trading volumes have surged more than 32%, crossing $2 billion showing a strong bullish sentiment aong traders.

Additionally, the Coinglass data shows that the DOGE futures open interest is also up 4%, moving above $2 billion, while the 24-hour liquidations have soared to $13.82 million. Popular crypto analyst CryptoELITES has cited the formation of a cup-and-handle chart pattern, wherein the DOGE price is on the move to complete the cup pattern. As a result, he expects the meme coin to register 10x gains from here onwards.

Source: CryptoELITES

Some traders also expect the DOGE price rally to continue to $8 as the meme coin breaks past the three-month trendline.

DOGE SuperTrend Indicator

Crypto analyst Ali Martinez has highlighted a potential bullish phase for Dogecoin (DOGE) based on the SuperTrend indicator. According to Martinez, the popular meme coin could enter a significant upward trend if it manages to break through the critical resistance level of $0.21.

The SuperTrend indicator usually helps to identify trend reversals and potential breakout points. Thus, surpassing this key threshold of $0.21 Dogecoin price could signal renewed investor momentum for the meme coin.

Source: Ali Martinez

Elon Musk Teases the DOGE Ghibli Anime

In a parody of the famous scene from Disney’s “The Lion King,” Elon Musk once again teases Dogecoin with the much popular Ghibli Anime character. Instead of a lion cub, the character is holding up a Shiba Inu dog – the mascot of the Dogecoin cryptocurrency.

The animated image is reminiscent of Studio Ghibli. The Ghibli Animes are seeing massive popularity recently, and Elon Musk jumping into the trend with DOGE, could provide further catalysts for the meme coin. Furthermore, the Dogecoin price prediction charts show a probable consolidation above $0.20 for the month of April.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Expert Predicts XRP ETF Approval Is Only A ‘Matter Of Time’ As Approval Odds Soar

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The possibility of an XRP exchange-traded fund (ETF) gaining approval is quickly becoming a reality, with experts predicting it is now only a matter of time before the U.S. Securities and Exchange Commission (SEC) gives the green light. Following a significant boost in market confidence, betting platforms, like Polymarket, show an 87% chance that the SEC will approve an XRP ETF by the end of 2025.

Ripple SEC Case End Sparks Optimism for XRP ETF

A positive outlook about an XRP exchange-traded fund’s approval has emerged after Ripple won its recent court battle. Ripple’s victory against the SEC dismantled a major barrier that prevented financial institutions from adopting its cryptocurrency. The court settlement has raised investor trust in the SEC’s approval process for an XRP Exchange-Traded Fund (ETF) thus many investors now expect approval.

According to Nate Geraci the president of The ETF Store an XRP ETF approval seems destined to happen. He predicted asset managers like BlackRock and Fidelity would dominate the space while asserting that the approval process stood just a matter of time away from completion. Geraci explains that XRP’s rising market cap position as the third non-stablecoin cryptocurrency provides institutional investors with an appealing opportunity.

“With Ripple’s legal troubles now behind it, the path to an XRP ETF approval seems clearer than ever,” Geraci noted.

XRP Market Sentiment and Polymarket Data

An increasing number of market participants expect XRP ETF approval as shown by Polymarket’s statistical analysis. Polymarket data shows investors believe the SEC will approve a spot XRP ETF before the year ends with an 87% probability.

This indicates widespread belief that the regulatory hurdles for the cryptocurrency are nearly cleared.

The introduction of an XRP ETF could trigger increased institutional interest much in the same way Bitcoin and Ethereum ETFs gained investor attention. An XRP ETF’s market entry would help traditional investors view digital assets more favorably because Bitcoin and Ethereum already demonstrated successful ETF integration.

Major Financial Firms Exploring XRP ETF

Major financial institutions like BlackRock and Fidelity among others will be instrumental in creating an XRP Exchange-Traded Fund Analysts predict BlackRock will shift its focus from Bitcoin and Ethereum to XRP ETFs because the cryptocurrency exhibits strong institutional appeal.

BlackRock’s head of ETFs, Jay Jacobs, had earlier stated that altcoins like XRP and Solana are not currently on their agenda. However, experts argue that the growing market demand and regulatory developments around XRP could soon change BlackRock’s stance.

Large asset managers including Fidelity play crucial roles when it comes to this particular market segment. The regulatory approval of XRP ETFs by the SEC will allow these financial institutions to launch XRP-related products. Such high-profile firms’ participation will speed up both the adoption and institutional utilization of XRP within portfolios.

XRP Price Predictions Amid ETF Optimism

As the market anticipates the approval of an XRP ETF, different analysts have made bold price predictions for XRP. Renowned trader Peter Brandt has recently shared his technical analysis, highlighting a potential head and shoulders pattern in XRP’s price.

This pattern suggests that if XRP falls below a certain level, it could lead to significant losses, with a target price of around $1.07. However, Brandt also acknowledged that if the cryptocurrency stays above the $3 mark, shorting XRP could be risky.

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On the other hand, cryptocurrency index fund manager Bitwise has offered a more optimistic price projection. Bitwise estimates that XRP could soar to as high as $29.32 by the end of the decade, assuming the cryptocurrency captures a meaningful share of the payments and tokenization sectors. In their “bull scenario,” Bitwise projects a price of $12.70 by 2030.

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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