Altcoins Surge As Bitcoin Approaches 100000 Mark
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Altcoins Surge As Bitcoin Approaches 100000 Mark

January of the week, that which was, saw the whole show, that was, of the currency market with double-digit growth for some of the altcoins and Bitcoin close to the $100,000 limit, which gained quite a broad rally. Helium (HNT) came in first place which was with 20% in the last 24 hours, and the Virtual Protocol (VIRTUAL) came in second as it had an increase of about 19%. Other important coins that have shown increases are Raydium (RAY), up 17%; Kaspa (KAS), 16%; and Litecoin (LTC), 13%. The surge in the altcoins came as Bitcoin started to show signs of recovering when it tried to exceed the psychological barrier of $100,000.

CoinMarketCap’s data has revealed that the total crypto market capitalization has risen to $3.24 trillion, up 2.17% within the last 24 hours. On the other hand, the 4-hour trading volume decreased by 4.3% to $98.3 billion, damping off the enthusiasm of investors, who saw the approach of Bitcoin to a significant resistance level. The market’s uptrend has reasons to it, on the one hand institutional money is moving into the space, which means higher market cap but also with it comes the higher volatility, and on the other hand, the latest moves of the policymaking bodies and the general economic backdrop have had a positive effect.

LTC has been one of the CJs’ standouts lately. It has been catapulting its price day after day when in no time 13% was gained in one day, and 30% were gains in the last 30 days. The continuous pump is done by the Litecoin coin, which is very interesting to investors and analysts. Meanwhile, others are saying that the upcoming halving event and its potential influence on the coin’s success could be the drivers behind the coin’s surge. The next halving is expected to take place in August 2025 and is expected to reduce the rate of new LTC supply, thus increasing the scarcity of the coins.

Despite the overall positive sentiment, some market observers urge caution. The recent implementation of new tariffs by the Trump administration created a new wave of doubt that has affected the global market. On top of the blockade, the frequency of cryptocurrencies was used as a buffer between the kleptocracy represented by the government and the resilience and adaptability of the counterpart, the cryptosphere that is free from government influence and special interest groups. Although the crypto market has shown robustness so far, experts are afraid that the continuous political friction and the possibility of changes in the regulations will boost price volatility in the near future. After all, it would be a wise decision for the investors to keep their eyes on the ball and scrutinize the main economic indicators and the policy announcements that may have a significant impact on cryptographic markets.

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