Crypto Market Gains Strength Bitcoin continues to dominate the market by increasing its price from $92,000 to $98,000. Additionally, this surge is supported by MicroStrategy's announcement of capital increase for new Bitcoin purchases. As a result, there was a significant entry of $655 million in BTC ETFs as investor confidence increased. Fidelity led these purchases with $356 million. Ethereum accompanied Bitcoin's rise and gained 4% in value, reaching $3,596. In addition, there was a $24.9 million inflow into Ethereum ETFs. Furthermore, XRP and Solana contributed to the positive market sentiment with increases of 2% and 5% respectively. Rumors of an airdrop in the Solana ecosystem have generated excitement in the community, leading to a rise in SOL price to $217. Meme Coins and the Top Earning Cryptocurrencies Today, the meme coin market stood out with remarkable increases of projects like Dogecoin and Shiba Inu. Dogecoin reached $0.39 with a 14% increase. Bonk (BONK) also caught the attention of investors with a 15% increase. However, some meme coins like Pudgy Penguins (PENGU) demonstrated a different performance from the overall market by staying in the red zone. #January Market: Which Altcoins Are Worth Watching? #Which Sectors Are You Watching in 2025?
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#January Market: Which Altcoins Are Worth Watching? #TopContentChallence
Crypto Market Gains Strength
Bitcoin continues to dominate the market by increasing its price from $92,000 to $98,000. Additionally, this surge is supported by MicroStrategy's announcement of capital increase for new Bitcoin purchases. As a result, there was a significant entry of $655 million in BTC ETFs as investor confidence increased. Fidelity led these purchases with $356 million.
Ethereum accompanied Bitcoin's rise and gained 4% in value, reaching $3,596. In addition, there was a $24.9 million inflow into Ethereum ETFs. Furthermore, XRP and Solana contributed to the positive market sentiment with increases of 2% and 5% respectively. Rumors of an airdrop in the Solana ecosystem have generated excitement in the community, leading to a rise in SOL price to $217.
Meme Coins and the Top Earning Cryptocurrencies
Today, the meme coin market stood out with remarkable increases of projects like Dogecoin and Shiba Inu. Dogecoin reached $0.39 with a 14% increase. Bonk (BONK) also caught the attention of investors with a 15% increase. However, some meme coins like Pudgy Penguins (PENGU) demonstrated a different performance from the overall market by staying in the red zone.
#January Market: Which Altcoins Are Worth Watching? #Which Sectors Are You Watching in 2025?