Why is the crypto market up today?

The crypto market is up today as increasing optimism for a crypto-friendly regulatory environment becomes reality with President-elect Donald Trump’s inauguration date approaching.

The global crypto market cap remained above $3.5 trillion on Jan. 14 after rising by 2.3% over the past 24 hours. $BTC

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led the bullish revival after the crypto asset wicked down to $89,000 for the first time since Nov. 17 but it closed its daily candle at $94,485.

Dogecoin

DOGE

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$0.3538

Cardan

$ADA

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$0.989

and

$XRP

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$2.66

were the best performers among the top ten cryptocurrencies, with rises of 9.3%, 6.8%, and 6.2%, respectively.