Following Donald Trump’s presidential inauguration, the cryptocurrency market has experienced a mix of price actions.
Bitcoin (BTC) has managed to maintain its position above the $101K mark, while meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Official Trump (TRUMP) have been facing price declines.
The global cryptocurrency market cap has slumped around 1%, reaching $3.51 trillion.
The decline comes as Trump chose not to mention cryptocurrencies in his inauguration speech or sign any relevant executive orders for the industry.
The total crypto market volume over the last 24 hours stands at $313.74 billion, marking a 10.50% decrease.
Bitcoin (BTC) price today
Despite the uncertainty surrounding Trump’s pro-crypto promises, BTC is showing reliance, hovering around the $102,000 mark.
This comes after the coin hit its all-time on January 20 ahead of Trump’s inauguration.
The intraday range fluctuated between $100,103.96 and $109,114.88, showcasing the ongoing volatility.
BTC price currently trades 0.81% lower at $101,796.98. Trading volumes for the coin are up over 36% at $124.07 billion.
Bitcoin’s dominance is currently at 57.65%, reflecting an increase of 0.42% over the day.
Ethereum (ETH) price today
Ethereum’s price saw a slight drop of 1.4% to $3,234.70. The coin made a 24-hour low of $3,202.49 and saw a high of $3,444.28.
Trading volume for the coin slipped over 23% to $48 billion.
The number of ETH whale addresses, or those holding at least 1,000 ETH, reached an 11-month high of 5,690 on January 15. However, this figure has since declined to 5,663.
XRP and SOL price today
XRP price was trading lower but managed to stay above the $3-mark.
XRP trades 0.72% lower at $3.08, with a 24-hour low of $3.05 and a high of $3.35.
Solana saw a decline of over 3%, trading at $236. Its price fluctuated between $232.40 and $272.15 during the day.
SOL has also garnered attention due to reports of users facing withdrawal issues from Coinbase, possibly linked to increased interest in the coin following Trump’s inauguration.
Meme coins struggle
The meme coin market saw notable declines, with Dogecoin (DOGE) dropping close to 6%, currently priced at $0.3425.
This downturn aligns with recent developments involving Elon Musk’s DOGE lawsuit, creating uncertainty for investors.
Other meme coins like TRUMP and Shiba Inu (SHIB) also saw significant losses, with TRUMP crashing a massive 47% to $33.19, and SHIB falling 3% to $0.00001995.
Top crypto gainers and losers
The top crypto gainers of the day include Raydium (RAY), which surged by 17% to reach $7.41.
GateToken (GT) also climbed around 7% to $21.20. Aave (AAVE) also saw an increase of 6%, pushing its price to $335.
On the flip side, the top crypto losers included Fartcoin (FARTCOIN), which dropped 13% to $1.72. Movement (MOVE) fell by 6%, settling at $0.6983.
The biggest loser was TRUMP with an over 47% drop in the past 24 hours.
Broader crypto action today
Cardano (ADA) has declined by 2.01% in the last 24 hours, currently trading at $0.9839.
Chainlink (LINK) is currently trading at $23.99, showing a 1.39% decrease over the past day.
Bitcoin Cash (BCH) has experienced a 1.79% decrease in the last 24 hours, trading at $424.03.
Dai (DAI) is currently trading at $0.9999, showing a slight 0.02% increase over the past 24 hours.
Cosmos (ATOM) is currently trading at $5.91, showing a 1.07% decrease over the past day.
Celestia (TIA) is currently trading at $4.47, showing a 0.73% decrease over the past day.
Bonk (BONK) is currently trading at $0.00002888, showing a 0.23% decrease over the past day.
Bitcoin SV (BSV) is currently trading at $51.05, showing a 1.65% decrease over the past day.
Decentraland (MANA) is currently trading at $0.4678, showing a slight 0.15% increase over the past 24 hours.
Compound (COMP) is currently trading at $79.00, showing a significant 3.43% decrease over the past day.DASH
Chiliz (CHZ) has experienced a 3.23% drop in the past 24 hours, trading at $0.07353.
Dash (DASH) has seen a modest 2.92% decline over the past day, currently trading at $34.89.
Basic Attention Token (BAT) has shown a slight 1.13% increase over the past 24 hours, currently trading at $0.2255.
LiquidApps (DAPP) is currently trading at $0.00007694, showing a 0.25% increase in the last hour and a 0.37% decrease in the last 24 hours.
BOOK OF MEME (BOME) has experienced a 3.33% drop in the past 24 hours, trading at $0.004005.
Decred (DCR) has experienced a 2.69% drop in the past 24 hours, trading at $12.44.
DigiByte (DGB) has experienced a 1.48% drop in the past 24 hours, trading at $0.01067.
Bitcoin Gold (BTG) has shown a significant 3.68% increase over the past 24 hours, trading at $10.53.
Dent (DENT) has experienced a 2.33% drop in the past 24 hours, trading at $0.001199.
BytomDAO (BTM) has shown a 3.01% increase over the past 24 hours, trading at $0.002832.
BitShares (BTS) has shown a 2.35% increase over the past 24 hours, trading at $0.001134.
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