#bouncebit $BTC Today, January 22, 2025, the cryptocurrency markets witnessed notable movements, especially with the continued impact of the supportive policies for digital currencies introduced by the new U.S. administration.
President Donald Trump, known for his support of cryptocurrencies, plans to issue over 100 executive orders on his first day in office. Some of these orders are expected to address Bitcoin and the digital asset industry. These policies are likely to boost the cryptocurrency market in the coming period.
In addition, First Lady Melania Trump announced the launch of a new digital currency named "Melania," sparking widespread debate in economic circles about the seriousness of this step and its potential impact on the market.
Here is a look at the prices of the leading cryptocurrencies today:
Bitcoin (BTC): Priced at $106,042, with a change of $4,358 (4.29%) from the previous close. The intraday high is $107,245, and the low is $100,145.
Ethereum (ETH): Priced at $3,323.61, with a change of $60.64 (1.86%). The intraday high is $3,367.92, and the low is $3,194.32.
BNB (BNB): Priced at $691.83, with a change of $14.65 (2.16%). The intraday high is $699.36, and the low is $671.82.
XRP (XRP): Priced at $3.17, with a change of $0.07 (2.26%). The intraday high is $3.23, and the low is $3.02.
It is worth noting that Bitcoin experienced significant price fluctuations in recent days, reaching its highest level at $109,300 before retreating to $102,800. This volatility reflects a state of market uncertainty, especially as President Trump has not recently addressed Bitcoin in his speeches.
Overall, analysts expect the positive momentum in the cryptocurrency market to continue, driven by supportive policies and ongoing technological advancements. However, investors are advised to closely monitor political and economic developments due to their direct impact on the performance of digital markets.