The crypto market capitalization pushed above $3.50 trillion on Thursday after rising 2.29%, an increase of over $150 billion in 24 hours. Bitcoin (BTC) continued its upward trajectory, briefly reaching $102,000 before a marginal drop to its current level of $101,482.
The flagship currency increased just over 2% over the past 24 hours and almost 8% over the past week. If BTC can stay above $100,000, bulls will set their sights on its all-time high and a move past $110,000.
Meanwhile, Ethereum (ETH) has registered a marginal decline over the past 24 hours. However, it has remained above $3,300 and could see a potential recovery. Meanwhile, Ripple (XRP) continues to set the market alight and is up over 8%, trading around $3.32, with bulls eying the $3.50 level. XRP is up a staggering 44% over the past week. Solana (SOL), Cardano (ADA), Dogecoin (DOGE), Chainlink (LINK), Stellar (XLM), Hedera (HBAR), Polkadot (DOT), and Litecoin (LTC) also registered substantial gains.
Altcoin Market Continues Rally
While Bitcoin (BTC) stalled around $102,000, the altcoin market lit up with trading activity, pushing prices higher. The altcoin market registered an increase of $88 billion on Thursday, indicating investors were pivoting towards altcoins as BTC and ETH stalled. The shift in focus towards altcoins also heralds high-risk trading and speculative demand. Ripple (XRP) surged past $3 to its current level of $3.32, with analysts attributing its rally to declining US core inflation, increasing expectations of a Federal Reserve rate cut, and anticipation around new spot ETFs.
Meanwhile, Litecoin (LTC) went past $130 for the first time in 2025, thanks to a jump of almost 16% over the past 24 hours. LTC’s bullish streak can be attributed to growing hopes that the Securities and Exchange Commission (SEC) will approve a spot for the Litecoin ETF applied by Canary Capital. Bloomberg ETF analyst Eric Balchunas pointed out that the SEC had sent comments to Canary, indicating potential approval. Alexander Blume, CEO of Two Prime Digital Assets, stated,
“Retail investors [are] looking for opportunities as a new pro-crypto administration gets ready to roll in. The Trump administration is a rising tide that will lift all boats in crypto, and altcoins are seeing some early gains from this.”
The approval of a Litecoin ETF could substantially impact the broader Layer1 ecosystem and create a ripple effect for other tokens like SOL and XRP.
BlackRock Predicts Historic Year
BlackRock has said Bitcoin (BTC) and other cryptocurrencies could see an unprecedented surge under the Donald Trump administration. According to the asset manager’s ETF and index instruments Chief Investment Officer Samara Cohen, crypto deregulation could propel BTC to stratospheric levels in 2025.
“There will be progress made on… FIT21 [“Financial Innovation and Technology for the 21st Century Act.] There will be progress made on stablecoins. There will be progress made just on definitions in taxonomy.”
Cohen is widely credited as the brains behind BlackRock’s iShares Bitcoin Trust (IBIT), up a staggering 114% since its debut in January 2024. However, despite the ETF and crypto’s stellar performance in 2024, Cohen warned investors must prepare for volatility.
“Bitcoin is a risky asset. So, 15% in the context of Bitcoin is not an enormous move. Investors should expect volatility. But in the long term, the price of bitcoin is really going to be determined by the level and pace of adoption.”
Bitcoin Fever Reaches Argentina
While companies in the US and Europe are considering holding BTC on their balance sheets, their peers in Argentina have pioneered this move, already holding the asset in their portfolios. Argentinian companies like Semler Scientific, Genius Group, Metaplanet, and KULR have adopted Michael Saylor’s concept of ” The Bitcoin Standard” and are diversifying their reserves through BTC. Bitfarms, an Argentinian mining company, holds the most BTC. The company holds 870 BTC as part of its operations.
Mercado Libre, one of Argentina’s biggest e-tailers, is the second-largest BTC holder, with 412 BTC in its reserves. However, the company’s CIO has stressed the funds are owned by the users of its crypto wallet and not by the company itself.
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) rebounded after testing its $90,000 support level to reclaim $100,000 during the current session. The flagship currency is trading at around $101,400 during the ongoing session. If BTC continues to gather momentum, it could extend its rally and retest its all-time high of $108,268. A break above this level could see BTC cross $110,000. BTC’s RSI is currently at 60, above the neutral level of 50, and pointing upwards, indicating bullish momentum. Additionally, the MACD has also flipped to bullish, indicating a buy signal and potential uptrend. With momentum building, buyers hope to reclaim the gains lost last week when BTC faced significant selling pressure and dropped below key support levels and moving averages.
BTC turned bearish on Tuesday (January 7) when it dropped over 5%, slipping below $100,000 and the 50-day SMA to $97,019. The price dipped to an intraday low of $92,546 on Wednesday as sellers retained control. However, it recovered from this level to settle at $95,121, ultimately registering a decline of almost 2%. BTC continued to decline on Thursday, falling 2.53% to $92,710. Despite the overwhelming selling pressure, BTC recovered on Friday, rising 2.27% to an intraday high of $95,812 before settling at $94,818. The price registered a marginal decline on Saturday and a marginal increase on Sunday to end the weekend at $94,585.
Source: TradingView
BTC plummeted on Monday as its price fell below $90,000 to an intraday low of $89,397. However, it recovered from this level to reclaim $90,000 and settle at $94,492, registering only a marginal decline. Bullish sentiment returned on Tuesday as BTC rose over 2% to move past the 20-day SMA and settle at $96,566. Bullish sentiment intensified on Wednesday, with BTC rising nearly 4% to move past the 50-day SMA and settle at $100,050. However, buyers lost momentum on Thursday as BTC dropped to an intraday low of $97,086 before recovering to settle at $99,799. The current session sees BTC up almost 2% as it looks to go beyond $102,000. If buyers can build momentum, BTC could test its all-time high of $108,268.
Ethereum (ETH) Price Analysis
Ethereum (ETH) has recovered after dipping below $3,000 on Monday, on its way to an intraday low of $2,927. However, its recovery stalled around $3,500 as sellers drove the price below the 20-day SMA. However, if buyers can build momentum during the ongoing session, ETH could bounce above $3,500 and potentially test the resistance at $3,700. ETH’s RSI is currently at 49, firmly in neutral territory, indicating some weakness. However, the MACD has flipped to bullish, indicating a potential uptrend.
ETH registered a substantial drop on Tuesday (January 7), falling below the 20 and 50-day SMAs to $3,381. By Thursday, ETH had dropped to an intraday low of $3,158 as bearish sentiment held sway. Despite the selling pressure, ETH recovered on Friday to register an increase of 1.45% and settle at $3,267. Despite volatility, buyers retained control on Saturday, with ETH rising 0.50% to $3,283. The price fell back on Sunday to end the weekend in the red at $3,266.
Source: TradingView
ETH dropped dramatically on Monday as it plummeted below $3,000 to an intraday low of $2,927 before recovering to settle at $3,137, a decline of almost 4%. Sentiment changed on Tuesday as ETH rose nearly 3% to $3,226. Bullish sentiment intensified on Wednesday as ETH rose almost 7% to move past the 20-day SMA and settle at $3,450. However, with sellers active around this level, ETH lost momentum on Thursday, dropping over 4% to slip below the 20-day SMA and settle at $3,308. The current session sees ETH up nearly 2% as buyers look to push it past the 20-day SMA towards $3,500.
Solana (SOL) Price Analysis
Solana (SOL) has picked up momentum over the past few sessions as it smashed past $200 on Wednesday and settled at $205. With SOL above a key resistance level, it remains to be seen if SOL can reach the levels of December 2024, when the altcoin was trading around the $250 level. SOL faced significant selling pressure last week, turning bearish after failing to move past the 50-day SMA. As a result, SOL dropped over 7% on Tuesday and 2.30% on Wednesday to go below $200 and settle at $197. Bearish sentiment intensified on Wednesday as SOL fell below the 20-day SMA, dropping over 6% and settling at $185. The price recovered on Friday, rising 1.46% to $187. SOL faced volatility over the weekend as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as SOL registered marginal increases on Saturday and Sunday to end the weekend at $188.
Source: TradingView
SOL plummeted on Monday as the price dropped to an intraday low of $169 after markets took a bearish turn. However, it recovered from this level to settle at $182, ultimately registering a drop of nearly 3%. Market sentiment changed on Tuesday, and SOL rose 2.57% to $187. Bullish sentiment intensified on Wednesday as SOL surged almost 10% to move past the 20-day SMA and $200 to settle at $205. SOL faced significant volatility on Thursday as buyers attempted to drive it above the 50-day SMA, and sellers sought to push the price below $200 and the 20-day SMA. Buyers gained the upper hand as SOL rose 2.56% to move past the 50-day SMA and settle at $211. The current session sees SOL up almost 2% and trading around $214.
Injective (INJ) Price Analysis
Injective (INJ) encountered significant selling pressure last week, dropping below the 20 and 200-day SMAs to a low of $21.07 on Thursday. Despite the selling pressure, it recovered on Friday, rising 2.40% to $21.58. However, it could not go beyond the moving averages and fell back over the weekend, dropping 1.08% on Saturday and 2.45% on Sunday to settle at $20.82. INJ continued to drop on Monday as it fell to an intraday low of $18.52, going below a key support level. However, buyers bought the dip, allowing INJ to reclaim $20 and settle at $20.10.
Source: TradingView
Sentiment changed on Tuesday as markets turned bearish. As a result, INJ rose over 5% to $21.18. Bullish sentiment intensified on Wednesday as INJ surged past the 20 and 200-day SMAs, rising almost 9% to $23.06. However, selling pressure returned on Thursday as INJ dropped almost 2% to $22.68. The current session sees INJ up nearly 9% as buyers look to push it beyond $25 and the 50-day SMA.
Dogecoin (DOGE) Price Analysis
Dogecoin (DOGE) has registered a sharp increase this week, surging past the 50-day SMA and the resistance at $0.40 to reach its current level of $0.416. DOGE was trading in the red for most of last week, dropping below the 20 and 50-day SMAs. By Thursday, DOGE had fallen to a low of $0.313. Despite selling pressure, DOGE recovered on Friday, rising nearly 4% to $0.336. Buyers retained control on Saturday as the price rose just above 2% to $0.34. However, with the 20-day SMA acting as resistance, DOGE fell on Sunday, dropping 1.50% to $0.335.
Source: TradingView
DOGE fell to an intraday low of $0.309 on Monday as sellers attempted to drive the price below $0.30. It recovered from this level to register an increase of almost 1% and settle at $0.338. Bullish sentiment returned on Tuesday as DOGE registered a rise of 4.99% to go past the 20-day SMA and settle at $0.355. Buyers retained control on Wednesday as the price surged past the 50-day SMA and settled at $0.384 after an increase of almost 9%. DOGE encountered a wobble on Thursday, falling 1.98% to $0.377. However, it is back in positive territory during the ongoing session, up almost 10% and trading around $0.413.
Cosmos (ATOM) Price Analysis
Cosmos (ATOM) is struggling to build momentum after dropping below the 20-day SMA last week. The price dipped to a low of $6.25 on Thursday before recovering on Friday to register an increase of almost 4% and settle at $6.65. ATOM lost momentum on Saturday thanks to the 20-day SMA acting as a dynamic resistance level. As a result, the price dropped 0.71% to $6.61. ATOM continued to drop on Sunday, falling 2.25% to end the weekend below $6.50 at 6.46.
Source: TradingView
ATOM faced significant volatility on Monday as buyers attempted to move past the 20-day SMA while sellers sought to drive the price below $6. As a result, ATOM reached an intraday high of $4.69 and fell to an intraday low of $5.92 before settling at $6.27, registering a decline of almost 3%. The price dropped marginally on Tuesday before registering a substantial jump of 6.32% and moving to $6.66. Thursday saw a drop of 1.11% as sellers prevented a move past the 20-day SMA. As a result, ATOM settled at $6.58. However, ATOM has moved past the 20-day SMA during the ongoing session, with the price up over 4% and trading around $6.87, with buyers eyeing $7.
Theta Network (THETA) Price Analysis
Theta Network (THETA) ended the previous week in the red after dropping to a low of $2.06 on Thursday. Despite sellers dominating the market, THETA registered an increase of 2.66% on Friday and rose to $2.17. However, it was back in the red over the weekend, dropping 0.75% on Saturday and just over 2% on Sunday to settle at $2.11. The price plummeted on Monday, falling below $2 to an intraday low of $1.89. However, it recovered from this level to reclaim $2 and settle at $2.05, ultimately registering a drop of 2.39%.
Source: TradingView
Market sentiment changed on Tuesday, and THETA registered an increase of 5.30% and moved to $2.16. Bullish sentiment intensified on Wednesday as THETA rose over 10% to surge past the 20-day SMA and settle at $2.39. The price experienced volatility on Thursday as buyers and sellers struggled to establish control. Buyers attempted to drive the price above the 50-day SMA. while sellers sought to drive it below the 20-day SMA. THETA ultimately registered a marginal increase and settled at $2.40. The current session sees THETA up over 2% as buyers look to push it past the 50-day SMA and $2.50.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
