Bitcoin Hits $96K, XRP Gains Momentum Amid SEC News

On Tuesday, January 14, 2025, Bitcoin and XRP saw sharp price increases, bringing optimism to the cryptocurrency market.

Bitcoin surged by 6.4% in the past 24 hours, trading around $96,339. On Monday, it dipped below $90,000, its lowest price since mid-November. This recovery has given traders confidence as they monitor the market for further changes.

XRP also gained 5.9%, reaching about $2.46. This rise is linked to growing excitement about an upcoming SEC deadline.

The SEC is deciding whether to appeal a recent ruling in favor of Ripple. Analysts say XRP’s price could rise even more if the SEC does not pursue the appeal.

The overall market reacted positively to these developments. Major exchanges like Binance reported outflows, with $82 million leaving its platform. This indicates that investors are buying and holding cryptocurrencies instead of selling.

Looking ahead, analysts predict XRP’s price could climb to $4.50 or even $11 in 2025 as institutional interest grows and regulations become clearer.

Bitcoin’s recovery has also boosted trader confidence. Experts are watching economic trends that could influence its price in the coming months.

These price jumps show a growing sense of optimism in the crypto world. Investors are paying close attention to market and regulatory changes that could shape the future of digital currencies.