Daily Crypto Signals: Bitcoin Surges Past $104K While XRP Eyes $4 Milestone
As Bitcoin trades beyond $104,000 and XRP leaps 50% in January, the cryptocurrency market has started 2025 with amazing force. These movements coincide with the Trump government showing a crypto-friendly attitude with Ripple Labs winning notable legislative successes.
Crypto Market Developments
As President Trump’s administration aggressively supports digital asset innovation, the crypto scene is undergoing a transforming change. But the European Central Bank keeps its cautious approach; President Christine Lagarde dismisses Bitcoin as a possible reserve asset. Illinois has also suggested a novel measure creating a state-run Bitcoin reserve with a required five-year retention time.
Bitcoin Crosses $106,000 Before Dipping
With a 13.5% increase in January, Bitcoin’s strong beginning to 2025 has seen the price rise past $106,000. Benefiting from new accounting laws allowing companies to record crypto assets at market value, Tesla revealed a notable $600 million increase on its Bitcoin holdings in Q4 2024. Three main elements are now restricting additional development despite the good momentum: fears about global economic slowdown, volatility in the AI industry, and institutional adoption rate.
Can XRP Price Touch $4 Soon?
With an amazing 50% increase in January, XRP has become one of the best performers on the market surpassing both Bitcoin and Ethereum. Following Ripple Labs’ regulatory triumphs—including New York Department of Financial Services’ acceptance of its RLUSD stablecoin and acquisition of money transmitter licenses in Texas and New York—the rise tracks Technical analysts advise XRP might aim for a breakthrough above $4 before February ends.
Solana Stablecoin Supply Spikes 73% Since Mid-January: TRUMP Effect
Solana’s ecosystem has grown remarkably; its stablecoin supply has climbed by 73% since mid-January. Now reaching $11.1 billion, the network has eclipsed BNB Chain to become the third-largest blockchain by stablecoin availability. This rise matched the release of the Trump memecoin on the network, which drew hundreds of thousands of fresh users.
Litecoin Price Sees 15% Surge on ETF Developments
After the SEC admitted Canary Capital’s spot LTC ETF application, Litecoin’s price surged 15%. With 8.4 million addresses and over 374,000 daily active users, the altcoin reached an intraday high of $134 showing impressive on-chain metrics. Whale addresses have also attracted more attention, having amassed 1.83 million LTC since December 2024.
VeChain Price Prediction: $0.14 Target?
With experts predicting a possible rise to $0.14, VeChain (VET) has registered an 11% gain among the wider market recovery. The performance of the token corresponds with favorable market mood after President Trump’s intention to designate the US as the “world capital” for crypto and artificial intelligence. CoinCodex forecasts that VET might reach $0.08 in February and maybe reaching $0.19 by March 2025.
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