Bitcoin Blasts Through $100K, Bulls Take Full Control: What's Next?

View in browser Bitcoin Blasts Through $100K, Bulls Take Full Control: What's Next? There you have it, folks! We are back above $100,000! It appears that the Trump rally is on again with full force because the entire cryptocurrency market is in the green. Donald Trump is expected to step into the White House and assume the position of the next US President on January 20th, and this seems to have played a very positive role on the broader cryptocurrency field.  Some have even championed Trump's future inauguration. Such is the case with Ripple, as the company included a peculiar note in their regular monthly escrow unlock, reminding everyone of the date.  That said, it wouldn't be a proper Monday if one particular company didn't buy a busload of BTC. Of course, I'm talking about MicroStrategy and they didn't disappoint. Just a few hours ago, the company announced yet another massive BTC buy worth $101 million.  The firm, spearheaded by no other than one of Bitcoin's most vocal proponents - Michael Saylor - bought 1070 BTC at an average price of around $94,004 per bitcoin and currently sits on a stack of 447,470 BTC.  The question now is if this rally will be sustainable or if there's another correction looming behind the corner.  Price Action Total Mkt Cap: $3.77 Trillion | 24HR Liquidations: $199M | Sentiment: Extreme Greed  Thanking our Newsletter sponsor: Credefi: the ultimate RWA gateway. Connecting crypto lenders with SME borrowers since 2021. Discover predictable yields on your idle crypto assets. It has taken roughly three weeks for bitcoin to come out of the woods, skyrocket past $100,000, and tap a yearly peak of over $102,000. This came after the most recent MicroStrategy purchase, which is sort of unexpected given the developments after the previous such occasions. CryptoPotato reported last Monday, just after the NASDAQ-listed giant announced its then-latest BTC purchase, that the cryptocurrency plunged hard, going from over $94,000 to a monthly low of $91,300. Interestingly, similar price drops transpired after each of the previous MicroStrategy, otherwise bullish acquisitions. Now, though, the largest digital asset went on the offensive within an hour of the Saylor-led company's announcement on X. It went from $98,000 to its highest price tag since December 19 of over $102,000. Altcoins Most larger-cap alts have failed to produce any big moves in either direction. However, all of them are up and trading in the green. This includes ETH, BNB, SUI, and LINK, which have charted minor gains.  Avalanche is the top performer from the larger-cap alts. AVAX has risen by almost 7.5% and now sits around $45. The other notable gainers include RNDR, FET, and FIL, with increases of around 6-7%. The total crypto market cap has added around $30 billion overnight and is up to $3.77 trillion on CoinGecko Best Performers AI16Z (AI16Z) +26.3% SPX6900 (SPX) +22.1% Worldcoin (WLD) +18.6% Worst Performers Movement (MOVE) -4.6% Sonic (S) -0.4% Raydium (RAY) -1.3% The Crypto News You Can't Miss It has taken roughly three weeks for bitcoin to come out of the woods, skyrocket past $102,000, and tap a yearly peak of over $101,000.. Read the full story. Japanese investment firm Metaplanet's CEO Simon Gerovich revealed that the company has ambitious goals with a strategic focus on Bitcoin for 2025 and expanding their Bitcoin holdings to 10,000 BTC. Read the full story. The T3 Financial Crime Unit has reached a milestone, having frozen more than $100 million in criminal assets globally. Read the full story. BitFuFu's stock jumps following a major partnership with Bitmain, acquiring 80,000 mining rigs to boost operations. Read the full story. Your Daily Crypto Did You Know Did you know that Vitalik Buterin chose the name "Ethereum" from a list of elements from science fiction, believing it sounded futuristic? CryptoPotato 39 Ludgate Hill, London United Kingdom You received this email because you signed up on our website or made purchase from us. Unsubscribe