Bitcoin Today 22/01/2025: BTC Trades Above $105K While Solana Rises 8%
On the rise today 22/01/2025, the price of Bitcoin is holding steady above the $105K zone amid the broader market recovery. In this scenario, the cryptocurrency Solana is gaining attention with its daily surge of over 8% today. SOL is the biggest beneficiary of the recent developments in the industry, pushing its price up by 37% on the week, the highest among major cryptocurrencies.
Furthermore, XRP, TRX, SUI, AVAX, TON, CRO tokens are trading with considerable gains today. Several altcoins have managed to recover some ground after yesterday’s declines, with the market cap also recovering and approaching $3,8 trillion.
In an unprecedented move, on January 20, Bitcoin traded above the $109 mark, setting a new all-time high in its price. However, the asset did not sustain its movement and showed considerable drops, reaching $100. Amid the price recovery and stabilization in the market, BTC is showing a significant rise today, which puts it above the $105 level.
Source: TradingView
Large holders of the largest cryptocurrency on the market have taken advantage of the recent price drop to acquire more tokens. According to data Shared by cryptocurrency analyst Ali Martinez, whales have purchased over 22.000 Bitcoin in the past 72 hours, worth over $2,24 billion.
At the time of publication, the price of Bitcoin was quoted at US$ 105.127 with an increase of 1.3% in the last 24 hours, equivalent to approximately R$ 628,764.33 BRL and € 99,382.28 EUR. In its weekly development, the asset showed an appreciation of 8.1%.
In the same vein, following Bitcoin’s recent move, most major cryptocurrencies are seeing considerable price gains over the past 24 hours. Ethereum is trading at $3.326,08 with a 0.7% increase in its price. XRP is trading at $3,22 with an 4.2% increase. Cardano is trading at $1,01 after registering a 1.5% increase. Solana is up 8.2% and is trading at $258,02.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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