Hold onto your hats, crypto fans! The world of digital currency is buzzing with excitement as ADA and HBAR are racing ahead, leading the pack among the big-name altcoins. Meanwhile, Bitcoin decided it was time for a dramatic entrance, finally breaking through the six-digit ceiling! After hanging out just shy of $100,000 for almost three weeks, Bitcoin took off and hit a yearly peak of over $102,500. Talk about a comeback!
The altcoin scene is also lighting up, with DOGE making its way towards $0.4 and XRP cruising at $2.45. The past couple of Mondays have been a wild ride for Bitcoin, with December 30 seeing a dip from $94,000 to a low of $91,300. But, just like a superhero, Bitcoin bounced back, especially with the dawn of the New Year.
January 4 saw Bitcoin flirt with the $100,000 mark a few times, only to be nudged back down. But yesterday, the bulls charged into the market, propelling Bitcoin over the $100,000 mark for the first time since December 19. The early hours of Tuesday had Bitcoin climbing even higher, reaching an 18-day peak of $102,700, thanks to some hefty BTC ETF inflows. Although it slipped back by $1,000, it still managed to stay more than 2.5% up for the day, with its market cap soaring past $2 trillion once again. Bitcoin's dominance over the altcoins also increased, holding a firm 53.8%.
As for the rest of the gang, XRP, DOGE, and TRX are riding the wave with similar gains, now trading at approximately $2.45, $0.395, and $0.27, respectively. Cardano's ADA isn't sitting idle either, jumping 5% to around $1.13 amid whispers of future rallies. HBAR is on a roll too, adding nearly 7% and trading well above $0.3.
The entire crypto market is on a roll, with the cumulative market cap surging by about $100 billion in just a day, pushing it up to a whopping $3.750 trillion after dropping below $3.4 trillion last week. It's like watching a blockbuster movie unfold! Stay tuned for more crypto thrills and spills!
