Oh, the cryptocurrency shenanigans continue! Bitcoin, the granddaddy of digital gold, has decided to take a nap at a cozy $105,000. π
Meanwhile, the altcoin gang is back with a vengeance, collectively dusting themselves off and pushing the market cap to a near $3.8 trillion. π
Bitcoin’s $105K Siesta
Last week, BTC decided to go for a little sprint past the $100,000 mark, hitting a high of $105,000 on Friday. The weekend was a snooze fest, with the only excitement being two Trump-inspired joke coins. Yet, BTC managed to flutter up to $106,000 on Monday morning, just to show off a bit. π΄
But then, the crypto rollercoaster took a wild turn, dipping below $100,000 before bouncing back with a vengeance, soaring to over $109,000 in a blink-and-you’ll-miss-it moment. π’
As Trump’s inauguration unfurled, BTC’s price began to slide once more, plummeting back to $100,000 when the big man failed to utter the word ‘crypto’. The bulls, however, weren’t having it and pushed BTC back to $107,000. Phew! π
Since then, BTC has settled down, now trading with the calmness of a sleeping kitten around $105,000. Its market cap has bloomed to $2.080 trillion, and it’s still the big cheese in the crypto world, dominating over 55% of the alts. π±
Altcoins’ Sunny Day
Altcoins are having a bit of a party today, turning green after yesterday’s blues. Solana and Dogecoin are the life of the party, both gaining about 6%. SOL is now dancing over $250, while DOGE, after yesterday’s explosive moment, is barking above $0.36. π
ETH, XRP, BNB, and ADA are all having a good day with minor gains, while TRX, LINK, and AVAX are chipping in with a 3-4% value boost. Not too shabby! π
Other notable gainers include HYPE and CRO, with the latter’s exchange making a grand entrance in the US. Let the games begin! π’
The total crypto market cap is looking rather plump, having gained over $100 billion in a single day and is now teetering on the edge of $3.8 trillion. Ka-ching! π°
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2025-01-22 13:05