by Coinstrooper Crypto Articles
Quick Take
  • The cryptocurrency market is in the green today, with total market capitalization rising 1.6% to $4.19 trillion, according to data at the time of writing.
  • The 24-hour trading volume has reached $211.5 billion, signaling strong investor activity.
  • 8 of the top 10 coins are green; ETH and DOGE slipped slightly;
  • BTC is up 0.6% to $117,147; ETH is down 0.2% to $4,578;

What Happened

The cryptocurrency market is in the green today, with total market capitalization rising 1.6% to $4.19 trillion, according to data at the time of writing. The 24-hour trading volume has reached $211.5 billion, signaling strong investor activity.

Market Context

Among the top 10 cryptocurrencies by market cap, eight posted gains over the past 24 hours, while only two, Ethereum and Dogecoin, recorded slight losses.

Bitcoin (BTC) is up 0.6%, now trading at $117,147, with a market cap of over $2.33 trillion.

Solana (SOL) gained 4.9%, now priced at $245.80, with a 9.4% rise over the past week.

Bitcoin climbed Thursday as traders looked to flip it into a key support level following the US Federal Reserve’s 0.25% rate cut, the first of 2025. The move sparked volatility, with BTC briefly dipping below $115,000 before rebounding, triggering over $100 million in liquidations across both long and short positions.

Market participants are now eyeing the $118,000 resistance zone, with hopes of pushing toward new all-time highs if momentum continues. Analysts like Michaël van de Poppe say a breakout could also trigger major moves across altcoins once Bitcoin stabilizes.

Bitunix analysts noted that the crypto market remained relatively stable following the Federal Reserve’s decision to cut interest rates by 25 basis points, setting the target range at 4.00% to 4.25%.

The move, while widely expected, did not trigger sharp price swings, with Bitcoin trading near $117,000 and Ethereum holding in the mid-$4,500s. Hong Kong’s HKMA mirrored the Fed with its own 25 bp cut, maintaining alignment with the USD peg.

Market attention now turns to upcoming macro data and liquidity flows heading into the weekend, the analysts said, advising traders to manage risk carefully in this range-bound environment. “For BTC, resistance 117k to 118k and support 115k. A sustained 30-min close above 118k can open 120k,” they wrote.

Why It Matters

TLDR:

8 of the top 10 coins are green; ETH and DOGE slipped slightly;

Details

BTC is up 0.6% to $117,147; ETH is down 0.2% to $4,578;

BTC faces resistance at $118K; support lies at $115K;

Fear & Greed Index holds steady at 51 (Neutral);

BTC ETFs saw $51.28M in outflows; IBIT added $149.73M;

ETH ETFs saw $1.89M in outflows; BlackRock’s ETHA gained $25.86M;

Traders now await macro data for the next major move.

Why Is Crypto Up Today: Crypto Winners & Losers

Ethereum (ETH) is down 0.2% to $4,578, marking a minor dip after recent gains.

XRP (XRP) climbed 3.3% to $3.11, continuing its steady uptrend.

BNB (BNB) posted one of the strongest performances among top assets, up 4.2% to $993.35 in the last 24 hours.

Dogecoin (DOGE) slipped 0.7% to $0.279, the largest daily drop among top 10 coins.

On the trending side, Aster surged 284.1% to $0.6302, while APX leads the gainers list with a staggering 363.4% increase. Lagrange also climbed 57%, rounding out today’s top-performing coins.

BTC Holds Steady Near $117K Post-Fed Cut