A Week of Action in the Crypto Market
Welcome to our exciting weekly roundup in the dynamic world of cryptocurrencies! This Monday, January 6 th, 2025, at 9:00:05 AM EST (3:00:05 PM CET), we will analyze the prices of the top 10 cryptocurrencies, as reported by Coin Market Cap, and forecast how the market might evolve throughout the week. On Friday, January 10th, at 6:00:02 PM EST (12:00:02 PM CET), we’ll compare these prices to the closing figures to identify market trends and fluctuations.
| CRYPTO | INITIAL | % CHANGE | FINAL |
|---|---|---|---|
| BTC | $99,142.55 | -4.29% | $94,894.14 |
| ETH | $3,641.76 | -9.85% | $3,282.94 |
| XRP | $2.39 | -2.35% | $2.34 |
| SOL | $216.89 | -12.28% | $190.25 |
| BNB | $717.87 | -3.63% | $691.83 |
| DOGE | $0.39 | -13.30% | $0.33 |
| ADA | $1.08 | -12.87% | $0.94 |
| AVAX | $44.14 | -16.36% | $36.92 |
| TON | $5.69 | -6.21% | $5.34 |
Bitcoin Surges Past $101K as MicroStrategy Makes 2025’s First BTC Purchase
Bitcoin broke $101,000 at the Jan. 6 Wall Street open, marking its highest level since Dec. 19. A 3% daily gain pushed BTC above the six-figure milestone, supported by MicroStrategy’s latest buy of 1,070 BTC for its corporate treasury. Liquidity shifts, including the removal of significant sell orders at $100K on Binance, paved the way for the rally. Analysts highlight rising bid support, signaling potential for sustained bullish momentum
Ether to $12K? Trump & Pectra Could Ignite a Surge
Ethereum could hit $12K in 2025, a 257% jump, says Dr. Sean Dawson of Derive. Key drivers: the Pectra upgrade, pro-crypto policies under Trump, and rising ETF adoption. ETH trades at $3,361 today—big gains may lie ahead!
Bitcoin Whales Scoop Up 34K BTC After December Slump
After December’s Bitcoin dip, institutions are back, accumulating 34,000 BTC ($3.2B) at prices below $95K, says Blocktrends’ Cauê Oliveira. Following a record $108K high on Dec. 17 and a 15% correction, wallets holding 1,000–10,000 BTC dumped 79,000 BTC. Now, big players are quietly buying, fueling Bitcoin’s recovery.
Philippine Banks to Launch PHPX Stablecoin on Hedera
PHPX, a peso-backed stablecoin, is set to launch between May and July to enhance cross-border payments. UnionBank, Rizal Commercial Banking, and others will oversee its governance on Hedera’s DLT network.
Social Media Powers Crypto: Solana and Dogecoin Take the Spotlight
Social media remains a key driver in the crypto market, with Solana and Dogecoin leading the conversation. According to LunarCrush, Solana tops the charts with 107K posts and 37.7M interactions, claiming 11.9% of social engagement. Dogecoin follows with 27.3K posts and 16.8M interactions, holding 3.05% dominance. These altcoins continue to capture the crypto community’s attention.
Sources
https://cointelegraph.com/news/btc-price-tops-101k-microstrategy-buy-bitcoin
https://cointelegraph.com/news/ether-price-surge-donald-trump-pectra-upgrade
https://cointelegraph.com/news/bitcoin-whales-scoop-34k-btc-after-december-dump
https://cointelegraph.com/news/filipino-banks-launch-phpx-stablecoin-hedera
