Daily Crypto Signals: Bitcoin Steady Above $96K, XRP Eyes $5 Target
With Bitcoin trading above $96,000 and the total crypto market cap topping $3.3 trillion, the market for cryptocurrencies has demonstrated amazing strength in early 2025.
President-elect Donald Trump’s pro-crypto posture, the success of Bitcoin ETFs, and increasing institutional adoption—with JPMorgan estimating billions in new investments for next Solana and XRP ETFs—drive the market’s optimistic momentum mostly.
Crypto Market Updates
With great momentum, the worldwide bitcoin market has entered 2025 and keeps a market value above $3.5 trillion. Important events include remarks downplaying the impact of cryptocurrencies on the 2024 election made by outgoing SEC Chair Gary Gensler, JPMorgan’s optimistic forecasts for new crypto ETFs, and expectation of Trump’s crypto-friendly policies. Following Trump’s inauguration on January 20, the market expects notable changes with possible executive orders addressing digital asset de-banking and crypto-friendly laws. MicroStrategy adds 2,530 BTC for $243 million to its holdings, and Semler Scientific purchases 237 BTC for $23.3 million, so reflecting the ongoing institutional adoption.
Bitcoin Reclaims $96,000
After momentarily declining below $89,000, Bitcoin BTC/USD has kept great performance, trading about $96,800. With total assets under management rising from $27 billion to $109 billion over 2024, the success of spot Bitcoin ETFs has been amazing Future price increase could yet be sparked by the planned BITCOIN Act, which might cause the US to acquire one million BTC for a strategic reserve. According to technical analysts, Bitcoin’s quite low volatility in comparison to past norms points to possible future upward movement in 2025.
Ethereum Bounces Back Above $3,200 Support
With a 65% increase in 2024, Ethereum ETH/USD has showed more subdued expansion than other cryptocurrencies, trading around $3,220. Other smart contract systems, including Solana, are posing more competition for the network even with Dencun upgrades that have improved technology. Future Pectra upgrades in 2025 should improve user experience and account abstraction. Though the asset suffers resistance near $3,200 and still struggles with hefty transaction fees averaging $2.70, derivatives data reveals some confidence among institutional investors.
XRP Gains Over 5% in 24 Hours
XRP XRP/USD, trading at $2.68 with a 6.2% daily rise, has shown great momentum. JPMorgan estimates that a possible spot XRP ETF may draw $4–$8 billion in fresh capital. Particularly in its meme coin market, the token’s ecosystem is seeing notable expansion under ventures like XRP Army. Supported by good fundamental patterns and favorable market conditions, analysts estimate XRP could trade between $2.41 and $4.74 in 2025; some forecast possible upside to $5 in Q1 2025.
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