Cryptocurrency markets are trading higher, with Bitcoin approaching $100,000, Solana ETF Discussions take steam and XRP wins on Gary Gensler announcing his resignation on Donald TrumpIt’s inauguration day.
| Cryptocurrency | Price | Earnings +/- |
| Bitcoin BTC/USD | $97,986 | +3.1% |
| Ethereum ETH/USD | $3,348 | +8.7% |
| Solana SOL/USD | $253.64 | +7.1% |
| Dogecoin DOGE/USD | $0.3841 | +1.9% |
| Shiba Inu SHIB/USD | $0.00002454 | +2.2% |
Notable stats:
- IntoTheBlock data shows significant transaction volume up 8.5% and daily active addresses up 0.4%. Transactions above $100,000 increased from 11,911 to 13,321 in a single day. Net stock market flows are down 89%.
- Data from Coinglass reports that 139,421 traders were liquidated in the last 24 hours for $469.70 million.
Notable developments:
Top winners:
| Cryptocurrency | Price | Earnings +/- |
| Optimism OP/USD | $2.10 | +26.3% |
| Arbitration ARB/USD | $0.79 | +26.2% |
| Starknet STRK/EUR | $0.5031 | +18.6% |
Trader Notes: As Bitcoin prices reach record highs, crypto trader Kaleo tweeted “Bitcoin is currently at an Ethereum of $100,000.”
Benjamin Cowen explained that Bitcoin is following average returns from previous halving years and if this trend continues, Bitcoin could reach $120,000.
Crypto trader Kevin explained that even though BTC is approaching $100,000, there is minimal hype compared to the 2020-2021 bull run.
He highlights the lack of live streams, sensational thumbnails and low engagement across all platforms, as well as muted sentiment on Google Trends.
He believes Investor focus on altcoins and frustration with the lack of movement could be a factor, while the market failing to reach the euphoric stage could signal that it is still far from the top of the cycle.
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