Daily Crypto Signals: Bitcoin Nears $100K While XRP, Solana, and Stellar See Major Gains
With Bitcoin surpassing $100,000 and numerous altcoins showing double-digit increases, US inflation statistics and the approaching presidential changeover are causing notable changes across the cryptocurrency market.
One of the biggest crypto asset recoveries in history is the US government’s movement to send Bitfinex $11.8 billion worth of Bitcoin back-off-target.
Crypto Market Updates
Following good US Consumer Price Index (CPI) statistics, the bitcoin market is seeing a strong comeback that raises hopes for Federal Reserve rate reductions. Thailand’s SEC is looking at stablecoin proposals and spot Bitcoin ETF filings, therefore indicating increasing institutional acceptance of digital assets. Concurrent with this, US Representative Tom Emmer’s appointment as vice chair of the House Subcommittee on Digital Assets points to possibly more crypto-friendly legislative environment ahead.
Bitcoin Trades Just Under Key $100,000 Level
Â
Reacting favorably to the most recent US inflation figures, Bitcoin BTC/USD shot from $96,000 to almost $100,000. Still, analysts point out that consistent price momentum might rely on President-elect Trump following his January 20 inauguration implementing promised pro-crypto policies. Technical signs point to the optimistic market structure even with a recent 10% drop from its all-time high of $106,000.
XRP Rallies Past $3, Overtakes Bitcoin on Google Trends
Â
Rising beyond $3 for the first time since 2018, XRP XRP/USD has shown to be a standout performer with a stunning 41% increase over the last 15 days. While accumulating 58,000 new owners by 2025, the asset has surpassed Bitcoin in global Google search attention. Unlike other main cryptocurrencies, XRP’s surge has been driven mostly by spot market demand rather than derivatives trading.
Solana Recovers Above $200
Â
Solana SOL/USD has shown resilience by recovering to almost $200 despite a 10.3% drop in network activity and a 22.5% price drop in early January. Recent data indicates $1.5 billion in USDC minted on Solana in just 15 days, keeping the network second-largest blockchain by total value locked (TVL). Near term technical analysts estimate SOL could possibly break above $230.
Stellar (XLM) Sees Nearly 10% Gains
Â
Rising 9% in a day and 15% over the past week, Stellar XLM/USD has shown outstanding increases to reach $0.4850. Over 24 hours, trading volume has surged by 219.78% to $1.91 billion. With price forecasts predicting XLM might surpass $0.70 by mid-February and maybe challenge its all-time high of $0.9381 during the expected altcoin season in May, analysts project possible gains of up to 30%.
ABOUT THE AUTHOR
See More
Sidebar rates
Related Posts
SaveAdd 3440
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals