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The cryptocurrency market is gathering strength.
Bitcoin raised its price from $92,000 to $98,000, continuing to dominate the market. In addition, this surge has been supported by MicroStrategy announcing an increase in new Bitcoin purchases. As a result, investor confidence has increased, and BTC ETF has attracted significant inflows of $655 million. Fidelity leads these purchases with $3.56 billion.
Ethereum rose 4% while Bitcoin rose, reaching a level of $3,596. In addition, Ethereum ETF saw an inflow of $24.9 million. Meanwhile, XRP and Solana had positive impacts on the market with gains of 2% and 5% respectively. Rumors of airdrops in the Solana ecosystem have caused excitement in the community, pushing the price of SOL up to $217.
Meme coins and the most profitable cryptocurrencies
Today's homophonic currency market has stood out with the eye-catching gains of projects such as Dogecoin and Shiba Inu. Dogecoin has risen by 14%, reaching $0.39. Meanwhile, Bonk (BONK) has attracted investors' attention with a 15% increase. However, some homophonic currencies like Pudgy Penguins (PENGU) have performed in the red zone, which is different from the overall market.
#January Market: Which Altcoins Are Worth Watching? #Which Sectors Are You Watching in 2025?