Crypto Prices Today: Bitcoin Price Nears $106K, XRP Hits $2.23, ETH Dips 0.82%

Bitcoin is trading at $105,723.97, up 0.15% in the past 24 hours. Its market cap is $2.10 trillion, with daily trading volume at $38.68 billion. The circulating supply stands at 19.87 million BTC.

“Bitcoin represents a unique global monetary system. Its volatility is decreasing as more investors hold the cryptocurrency,” said Cathie Wood, CEO, ARK Invest. Short to medium-term implied volatility is now below 40%. Analysts note resistance at $108,000 and support at $103,000. Woods also projected 15x growth in the next five years. 

Bitcoin spot ETFs saw $131.6 million in net outflows this week. BlackRock’s IBIT added $81.1 million, while Fidelity’s FBTC lost $167.7 million. ARKB saw an outflow of $24.5 million.

The Bitcoin Core Project released a statement supporting a ‘non-interference’ approach. Developer Carl Horton said Bitcoin should be a ‘coin,’ not a ‘data store.’ JAN3 CEO Samson Mow called the recent changes by Core developers ‘problematic.’