Crypto Markets Add $110 Billion as BTC Taps $95K and These Alts Explode: Market Watch

Bitcoin’s price actions experienced a substantial uptick over the past 24 hours or so, as the asset surged to a new multi-month peak of around $96,500 on most exchanges.

Most altcoins have followed suit, with ETH pumping above $3,300, ADA skyrocketing by over 8%, and XLM rocketing by 9%.

BTC Sees 2-Month Peak

Bitcoin had a sluggish weekend in which it remained sideways below $91,000 after it was rejected at $92,000 last Friday. The bulls woke up on Monday, pushing it to $92,400 on a couple of occasions, but they couldn’t keep the rally going.

This changed on Tuesday, though. First, the US CPI numbers came out lower than expected and provided a necessary push to $92,400. BTC maintained that level this time, and the subsequent speech by US President Donald Trump, which triggered a lot of headlines, was likely behind the following BTC rally.

In the span of just a few hours, the cryptocurrency surged by four grand and tapped $96,500 for the first time in two months. Since then, it has lost some steam but still trades around $95,000. Its market cap has climbed to just under $1.9 trillion, while its dominance over the alts stands still at 56.9% on CG.

BTCUSD Jan 14. Source: TradingView

Alts on the Run

Ethereum is among the top performers from the larger-cap alts. It has rocketed by more than 6% and now trades above $3,300 after slipping below $3,100 just days ago. XRP has neared $2.15 after a 4% increase, BNB is close to $940, while SOL is at $144.

Cardano’s native token has surged by over 8% to $0.42. XLM has skyrocketed by 9% to $0.24, while LINK and DOGE are up by 6-7%.

Even more impressive gains come from IP (28%), PEPE (14%), ICP (14%), PUMP (12%), ENA (11%), and ARB (10%).

The cumulative market cap of all crypto assets has added over $110 billion since this time yesterday and is up to $3.330 trillion on CG.

Cryptocurrency Market Overview Daily January 14. Source: QuantifyCrypto

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