The cryptocurrency market is on fire today, with major coins leading the charge. Bitcoin (BTC) surged past the psychological milestone of $100,000, delighting investors worldwide. Meanwhile, Ethereum (ETH) gained 5%, XRP hit an all-time high with an 8% rise, and Solana continued its upward trajectory. The market buzz is amplified by positive news, including Oklahoma’s proposed Bitcoin Reserve Act and speculation about a pro-crypto stance from Donald Trump’s 2025 presidency.
Bitcoin Breaks $100,000 Milestone
Bitcoin reached a remarkable $100,798 intraday, settling at $99,558 at the time of writing. With a market cap nearing $2 trillion, Bitcoin’s movement between $96,518 and $100,798 today highlights its volatility. Bitcoin ETFs have contributed significantly to this rally, with $723 million in inflows on Wednesday alone. Fidelity led the pack with $463 million, followed by Ark and 21Shares with a combined $138 million. BlackRock’s ETF inflow remains a focal point for market observers.
Key topics shaping the market include the SEC’s Ripple case appeal, Justin Sun’s USDD 2.0 launch, and BitMEX’s penalty disclosures. As Bitcoin breaks psychological barriers, the ripple effect on major altcoins strengthens overall market confidence.
Ethereum, XRP, and Solana Extend Gains
Ethereum rose 5% to $3,363, trading between $3,186 and $3,473 today. ETF inflows supported ETH, with $40 million total, including $29 million from Fidelity. Vitalik Buterin emphasized Layer-2 solutions to enhance Ethereum’s scalability, spurring further investor interest.
XRP became the star performer, jumping 8% to a record $3.17 before settling at $3.01. With a market cap of $173 billion, XRP’s rise was fueled by Ripple CEO Brad Garlinghouse’s critique of the SEC and robust buying momentum.
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Solana surged 7.1% to $202.88, maintaining its strong upward trend. Investors are closely watching Solana’s price action, which reflects growing confidence in its ecosystem.
Top Gainers and Losers of the Day
Today’s winners included Fartcoin (FARTCOIN), up 28%, followed by Virtuals Protocol (VIRTUAL) with a 27% gain, and XDC Network, which climbed 17%. Other notable gainers were Litecoin (LTC) (+16.2%) and Lido DAO (LDO) (+15%). These gains underscore the altcoin market’s resilience and potential.
However, not all projects thrived. Movement (MOVE) saw a 2.5% drop, trading at $0.80. This highlights lingering caution among investors who remain wary of taking excessive risks during profit-taking cycles.
What’s Next for the Crypto Market?
The cryptocurrency market is riding a wave of optimism, but its sustainability remains uncertain. Key drivers, including institutional ETF inflows and regulatory developments, will shape the coming weeks. Stay tuned to The Bit Journal for the latest updates and expert insights on this dynamic market.
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The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
