The crypto market is up today, with the cryptocurrency market capitalisation rising by 3.6% to $3.33 trillion. At the time of writing, 95 of the top 100 coins have posted increases over the past 24 hours. Also, the total crypto trading volume stands at $174 billion, back to the levels we’re used to seeing lately.
Crypto Winners & Losers
All top 10 coins per market capitalisation have seen their prices rise over the past 24 hours, as of Wednesday morning (UTC).
Bitcoin (BTC) appreciated by 3.4% since this time yesterday, currently trading at $94,953.
The category’s biggest gainer is Dogecoin (DOGE), having appreciated 7%, now standing at $0.1482.
ETH and Lido Staked Ether (STETH) follow, with XRP (XRP)’s 4.3% coming next and trading at $2.14.
Looking at the top 100 coins per market cap, 95 are up today. Five of these saw double-digit increases.
The category’s winner was Story (IP), with a rise of 28.3% in a day to the current price of $3.87.
Next up is Pepe (PEPE), recording a 14.4% jump to $0.000006683.
At the same time, two coins are down by more than 1% each. Provenance Blockchain (HASH) declined by 6.4% to the price of $0.02362.
MemeCore (M)fell 4%, currently trading at $1.62.
Meanwhile, Russian lawmakers are working to open the cryptocurrency market to retail participants. They are preparing legislation that would allow non-qualified investors limited access to digital assets.
Anatoly Aksakov, chairman of the State Duma’s Financial Markets Committee, said a draft bill has already been finalised and is expected to be considered during the spring parliamentary session.
‘Repricing of Confidence in Monetary Policy Framework Itself’
According to Glassnode, the Long-Term Holder Supply Distribution Heatmap shows a cost-basis cluster between $93,000 and $109,000. It usually takes a decisive breakout above this range to open doors toward a new ATH.
Meanwhile, Bitunix analysts say that in the short term, BTC should monitor the $91,031 level as key support, with $97,237 acting as the primary resistance zone.
They note that on 14 January, US President Donald Trump launched an attack on Federal Reserve Chair Jerome Powell. Powell has the support of several major central banks, including the European Central Bank, the Bank of England, and the Bank of Canada.
“This episode is not merely a personnel dispute, but a repricing of confidence in the monetary policy framework itself,” the analysts say. “For the crypto market, the core macro variables remain the duration of elevated interest rates and the credibility of policy institutions.”
They continue: “If concerns over central bank independence continue to widen—driving volatility in the dollar and real yields—crypto asset volatility is likely to increase. Conversely, if markets regain confidence that the policy path is not being politically distorted, BTC may re-enter a bullish rhythm following a period of structural consolidation. Crypto markets should remain highly attentive to how shifts in the macro narrative cascade into changes in overall risk appetite.”
Levels & Events to Watch Next
At the time of writing on Wednesday morning, BTC stood at $94,953. The coin started the day at the lowest point of $91,820. It relatively gradually appreciated to the intraday high of $95,804, before slightly correcting to the current price.
BTC remains green in the 7-day timeframe as well, having appreciated 3% over a week. It has been trading in the $89,799–$95,724 range.