Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Bitcoin and the Crypto Market in the Green as Rally Gains Momentum

Bitcoin and the Crypto Market in the Green as Rally Gains Momentum

Cryptodnes2025/01/31 01:11
By:Cryptodnes

The crypto market is on the rise, with Bitcoin (BTC) climbing to $106,000, marking a 4.2% increase in the last 24 hours. Ethereum (ETH) also saw strong gains, jumping 5.6% to $3,270.

The overall market capitalization surged to $3.6 trillion, reflecting a 4% daily increase, as bullish sentiment fuels investor confidence.

Bitcoin’s market cap now stands at $2.1 trillion, with $53.9 billion in daily trading volume, while Ethereum’s cap has reached $395 billion, backed by $26.4 billion in trading activity. The rally follows increased buying pressure, with investors capitalizing on the uptrend.

Meme coin Fartcoin (FART) stole the spotlight, soaring 32% in 24 hours to hit $1.23, with a market cap of $1.22 billion and $433 million in trading volume. The surge underscores the growing speculative interest in high-risk, high-reward altcoins.

READ MORE:
Bitcoin Investors Are Staying Put – Why Altcoins May Struggle This Cycle

The market rally triggered a wave of liquidations , with $279.96 million in leveraged positions wiped out. Of this, $188.21 million came from short positions, as traders betting against the market were caught off guard by the sudden price surge. Meanwhile, $91.75 million in long positions were also liquidated, reflecting volatility despite the upward momentum.

This rally could be attributed to Fed Chair Jerome Powell’s recent remakrs on U.S. banks holding cryptocurrencies.

As bullish momentum builds, traders are watching to see if Bitcoin can sustain its push past $106K, with Ethereum and altcoins following suit in what could be the next phase of the crypto market’s rally.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Corporate Crypto Eye $330B—Analysts Say Qubetics, Ethereum, and Injective Are Top Cryptos to Buy This Month

With $330B in corporate crypto demand forecasted, Qubetics, Ethereum, and Injective are standing out. Learn why analysts see Qubetics' $16.7M presale as a top crypto presale and how its cross-border utility redefines real-world blockchain adoption.Cross-Border Simplicity: How Qubetics Is Quietly Disrupting Global TransactionsEthereum Approaches Spectra Upgrade Amid Signs of Imminent VolatilityInjective Gathers Steam with Technical Surge and Bullish OutlookConclusion—And These Are the Top Cryptos to Buy Thi

Coinomedia2025/05/07 11:33
Corporate Crypto Eye $330B—Analysts Say Qubetics, Ethereum, and Injective Are Top Cryptos to Buy This Month

Is This the Perfect Dip? BTFD’s $0.0002 Entry Eyes 8,900% ROI as Cheems Slips, Sudeng Climbs—Best New Meme Coins for Significant Returns

Explore the best new meme coins for significant returns as BTFD eyes 8,900% ROI, Cheems slips, and Sudeng climbs. Find out what’s next for these trending tokens.BTFD Coin’s Referral Program Fuels Bullish FrenzySudeng Climbs Amid Renewed BuzzThe Bottom Line

Coinomedia2025/05/07 11:33
Is This the Perfect Dip? BTFD’s $0.0002 Entry Eyes 8,900% ROI as Cheems Slips, Sudeng Climbs—Best New Meme Coins for Significant Returns