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These Altcoins Lead the Market Recovery as Bitcoin Gains $5K (Market Watch)
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These Altcoins Lead the Market Recovery as Bitcoin Gains $5K (Market Watch)
Jan 28, 2025 2:02 AM

Bitcoins adventure below $100,000 didnt last long as the asset reclaimed that level in the past 12 hours and even spiked to over $103,000 earlier today.

The altcoins have also recovered from the Monday morning crash, with some, such as XRP, DOGE, and ADA, posting notable gains.

BTC Eyes $103K

Recall the highly fluctuating price movements that bitcoin encountered last Monday when the asset plunged from $106,000 to under $100,000 in the morning, just to skyrocket by over nine grand in an hour or so to paint a new all-time high above $109,000.

Once Trumps inauguration finished and he ignored crypto during his speech, BTC slumped once again but maintained the $100,000 level. It remained within six-digit territory by the end of the week and even jumped to $107,000 on Sunday.

Monday, though, began with similar volatility as BTC slumped once again. This time, though, it fell below $100,000 and dropped to a multi-week low of under $98,000, leaving millions in liquidations.

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This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

Invalid email address Your privacy is guranteed.Thanks for subscribing, you will get your first report in the next hours! Nevertheless, the bulls stepped up once again and helped the asset recover a big portion of its losses. Earlier today, BTC jumped to $103,000, but it is now slightly below that level.

Its market cap has shot up to over $2 trillion, while its dominance over the alts is just shy of 56% on CG.

Alts Back in Green

The alternative coins plunged a lot harder than BTC yesterday, and most have posted more impressive gains today. XRP leads the pack with a 10% surge that has pushed it to $3.1. Dogecoin, Cardano, Chainlink, Stellar, Sui, and Shiba Inu follow suit, with gains of up to 7%.

Ethereum has neared $3,200 once again, SOL is close to $240, while BNB has tapped $675. The biggest gains come from JUP (21%), XDC (16%), HYPE (15%), and KCS (15%).

The total crypto market cap has recovered $140 billion since yesterday and is up to $3.640 trillion on CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

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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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