Crypto Today: BTC taps $97K, DOGE and XRP in green as SEC sues Musk ahead of Trump Inauguration 

The cryptocurrency sector rose by 2.4% on January 14, with the aggregate market capitalization crossing $3.3 trillion . 
Bitcoin price reclaimed the $97,000 resistance level, with technicals signaling upside ahead. 
Trump-linked tokens, including DOGE, XRP, and MAGA raced up the top gainers list ahead of the January 20 inauguration.
Bitcoin (BTC) price rose as high as $97,371 on Tuesday, as investors switched focus to Trump’s upcoming inauguration slated for January 20. By breaching the $97,000 resistance for the first time within the weekly time frame. Bitcoin Price Action (BTCUSDT), January 13 | Source: CoinglassBitcoin price experienced a significant surge in market volumes as it breached the $97,000 support on Tuesday signaling that bull traders are firmly in control of the short-term market sentiment.   The global cryptocurrency market remained steady on Monday, with Bitcoin (BTC) holding near $96,600.However, altcoins displayed a mix of trends, with some posting notable gains while others struggled under selling pressure. Here’s a closer look at 24-hour price movements.Crypto Market Performance Overview, January 14 2025 | Source: CoinmarketCap Ethereum price saw a 3% rise over the past 24 hours, trading at $3,224. With a 24-hour volume of $22.5 billion, ETH remains a strong performer among top altcoins. The recent surge comes as institutional demand for Ethereum staking and Layer 2 solutions continues to grow, providing bullish momentum despite its 4.6% weekly decline.BNB, Binance’s native token, edged up 1.7% in the past 24 hours to trade at $699.60. Positive sentiment surrounding Binance’s ecosystem developments and its push for regulatory clarity in major markets have helped stabilize BNB, even as broader altcoin sentiment remains cautious.Dogecoin recorded a 5.7% gain over the last 24 hours, climbing to $0.3558.This price action follows a $570 million surge in open interest, signaling increased speculative activity. DOGE remains a focus for traders anticipating a breakout above $0.40 ahead of Trump’s inauguration. Solana saw a modest 2.9% increase over the past 24 hours, trading at $187.55.While SOL’s weekly performance remains negative, the 24-hour gain suggests renewed confidence, likely driven by increasing user adoption driven by the rising popularity of AI Agent memecoins like Pudgy Penguins and Ai6z both of which also scored double digit gains within the daily timeframe. Cardano outperformed expectations, rising 6.3% in 24 hours to trade at $0.9991.Notably Cardano had emerged the best performing top 20 ranked assets last week. ADA’s remarkable performance on Tuesday gains reflect renewed interest as market sentiment flipped positive. The 24-hour analysis highlights a clear divergence among altcoins, with selective gains driven by ecosystem-specific catalystPolitiFi tokens, a niche category representing politically affiliated cryptocurrencies, are sparking interest among investors, giving Donald Trump’sl he