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Home » Market Updates » Double-Digit Gains From These Alts as Bitcoin Price Eyes $96K (Market Watch)

Double-Digit Gains From These Alts as Bitcoin Price Eyes $96K (Market Watch)

Author: Jordan Lyanchev

Last Updated Jan 2, 2025 @ 09:10

XRP and XLM are among the top gainers today.

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Bitcoin’s start of the new year was painful as the asset slumped toward $93,000 once again, but it has reacted well and now sits a few grand higher.

Numerous altcoins have produced impressive gains over the past 24 hours, with ETH surging past $3,400 and XRP gaining 12% of value.

BTC Eyes $96K

Following its latest all-time high of over $108,000 on December 17, BTC went into a full correction mode, dumping by $16,000 within just days by December 20. It bounced off in the next week or so and even challenged $100,000 on a few occasions, but to no avail.

The subsequent rejection from the second attempt pushed it south hard to $91,300 on December 30, which became its lowest price tag in over a month.

The bulls finally stepped up at this point and propelled a run toward $95,000, where they were stopped, and BTC slipped beneath $92,000. More volatility ensued at the end of the calendar year, with a surge to $96,000 and another drop to $93,000.

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The past 24 hours have been more positive for the largest digital asset, as it now stands close to $96,000 once again. Its market capitalization has risen to $1.9 trillion on CG, while its dominance over the alts has taken a hit to 53.8%, as most have registered impressive gains.

Bitcoin/Price/Chart 02.01.2025. Source: TradingView
Bitcoin/Price/Chart 02.01.2025. Source: TradingView

XRP, XLM on the Rise

Most altcoins dumped hard yesterday, but the landscape is entirely different today. Ethereum slipped below $3,400 but has reclaimed that level after a 2.5% daily surge. Similar increases are evident from BNB, TRX, and TON, while SOL, DOGE, ADA, AVAX, LINK, and SHIB have unlocked gains of up to 11%.

XRP has stolen the show from the top 10 alts, with a surge to $2.38 (12% on a daily scale). XLM is the top performer from the larger-cap alts, gaining 22% and trading above $0.42.

The cumulative market cap of all crypto assets has added over $130 billion overnight and is up to $3.53 trillion on CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto
Cryptocurrency Market Overview. Source: QuantifyCrypto
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.
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About The Author

Jordan Lyanchev
More posts by this author

Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

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