At a Glance
- Bitcoin touched $96,500, its highest level in two months, after starting the week below $91,000
- Meme and AI tokens dominate daily gainers, with IP up 28% and PEPE up 14%
- Total crypto market cap surged $110 billion overnight to $3.33 trillion
- Why it matters: The broad-based rally restores trillion-dollar levels and signals renewed risk-on appetite across digital assets
Bitcoin and the wider crypto market bolted higher on January 14, erasing weeks of sideways action as macro data and political headlines converged to ignite a furious 24-hour rally.
Trump Speech and CPI Data Ignite Bitcoin Surge
Bitcoin spent the weekend locked below $91,000 after a failed attempt to hold $92,000 last Friday, according to data reviewed by News Of Losangeles. The lethargic price action flipped on Tuesday when the U.S. Consumer Price Index printed lower than forecast, giving bulls an initial lift to the stubborn $92,400 resistance.
The next catalyst arrived shortly afterward. A speech by President Donald Trump that dominated media cycles coincided with a vertical move in BTC. Within hours the leading cryptocurrency tacked on roughly $4,000, tagging $96,500 for the first time since early November. Bitcoin has since eased to about $95,000, pushing its market capitalization back toward $1.9 trillion while its dominance ratio stayed flat near 56.9%.
Altcoins Follow Bitcoin North
Ethereum joined the advance with a 6% push that carried the second-largest token back above $3,300, reversing a slide that had briefly taken ETH below $3,100 at the start of the week. XRP added 4%, trading within cents of $2.15, while BNB edged toward $940 and Solana reclaimed $144.
Cardano’s ADA outpaced many large-caps, surging 8% to $0.42. Stellar’s XLM leapt 9% to $0.24, and both Chainlink and Dogecoin logged 6-7% gains.
Smaller tokens posted even sharper moves:
- IP – up 28%
- PEPE – up 14%
- ICP – up 14%
- PUMP – up 12%
- ENA – up 11%
- ARB – up 10%
Market Cap Swells by Nine Figures
The combined valuation of all tracked cryptocurrencies jumped more than $110 billion in a single day, lifting the global market cap to $3.330 trillion on CoinGecko. The brisk inflow marks the largest one-day increase since late December and leaves the asset class within striking distance of fresh all-time highs.
Olivia M. Hartwell noted that the rally unfolded with above-average volume across major exchanges, hinting that traders viewed the confluence of softer inflation data and high-profile political commentary as a green light for risk assets.
Key Takeaways
- Bitcoin’s $4,000 intraday surge underscores sensitivity to macro surprises
- Meme and AI-themed tokens captured outsized gains, signaling a return of speculative appetite
- A $110 billion market-cap injection in 24 hours revives bullish momentum after weeks of range-bound trade
