The new year has kicked off with a bang in the crypto world. since January 1, and in just one day. This rally is turning heads as the market shakes off December blues and charges ahead. Investors are buzzing about fresh money flows, safe-haven demand, and big global events. Let’s dive into the numbers, reasons, and what it all means for your portfolio.
Bitcoin (BTC) is trading around $93,700. That’s a solid 1% rise in the last 24 hours and over 7% growth since the year started. Ethereum (ETH) is not far behind at $3,224, up nearly 2% daily and 9% year-to-date.
But the real star? XRP. It jumped almost 13% in a day to hit $2.40. Over the week, it’s up nearly 29%! Solana (SOL) climbed 12% in the past week, and Dogecoin (DOGE) rocketed 23%. Here’s a quick breakdown:
These gains show strength across majors and memes alike. The is real and broad-based.
Late December was rough. Prices tanked due to tax-loss selling. US holders dumped crypto at losses to cut their tax bills from stock gains. Year-end cleanups added pressure, especially during US trading hours.
Now, that’s over. Tax season pain has faded, freeing up the market. Experts say it’s like a weight lifted. New year budgets are flowing in, with investors rotating from hot stocks to crypto.
Cryptos are aligning more with risk assets. This feels like a new trend starting the year, as tax selling ends and policy hopes rise.
Plus, crypto is acting like a safe haven again. A recent US military action in Venezuela sparked fears, pushing money into Bitcoin and gold.
The US strike on Venezuela boosted oil stocks and Wall Street. Tech shares rose on AI hype too. But for crypto, it’s more than that.
Speculation is rife: Could US influence boost Venezuelan oil supply? More oil means lower prices, which fights inflation. That could let central banks cut rates faster – great for risk assets like BTC.
Wilder talk? Rumors of Venezuela holding a huge ‘shadow’ Bitcoin stash, maybe as big as some big funds. Unproven, but it fuels the fire. One analyst called this mix of fresh cash, rotations, and hard-asset flows the perfect storm for the spot rally.
XRP is stealing the show among large caps. Why? Beyond the market mood, XRP often moves on regulatory wins and payment network buzz. This 13% daily pop and 29% weekly gain put it ahead of BTC and ETH. Traders see it as undervalued with real-world use in cross-border payments.
If the rally holds, XRP could test higher levels soon. Watch for volume spikes – they’re confirming the move.
This isn’t isolated. US stocks rallied Monday on oil and tech strength. Crypto’s link to risk assets is tightening. As stocks climb, BTC follows. But with safe-haven flows, it’s hedging too.
Altcoins like Solana and Dogecoin show retail excitement returning. Memes pump on hype, but Solana’s gains tie to its fast, cheap ecosystem growth.
Short-term, momentum looks strong. Fading tax pressure, rate cut hopes, and geopolitics favor upside. Bitcoin could eye $100K if it holds $93K.
XRP’s lead hints at altseason brewing. But watch risks: Overbought signals, macro shifts, or Venezuela news twists.
Longer-term, 2026 could be epic. Halving cycles, ETF inflows, and adoption push prices higher. Data shows new highs post-halving.
The is just starting. Stay informed, trade smart, and ride the wave.
, – these aren’t just numbers. They’re signs of renewed confidence. Whether you’re HODLing or trading, this rally offers chances. Keep eyes on charts and headlines for the next moves.
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