The cryptocurrency market valuation surpassed $3.4 trillion on Friday, surging by $253 billion in the first three days of 2025. This market rebound is attributed to positive speculation surrounding Trump's impending inauguration. The bullish sentiment fueled by Michael Saylor and Elon Musk also accelerated the market rally. Bitcoin Market Updates: Michael Saylor's recent purchase of $209 million worth of Bitcoin sparked an 8% recovery, pushing the price to $98,000.
Bitcoin ETFs saw $242 million in outflows on Thursday, while total liquidations reached $222 million on Friday, with short traders accounting for a significant percentage of the losses. Altcoin Market Updates: Solana, Cardano, and Ethereum are leading the charge as investors gravitate towards Layer 1 tokens. Solana (SOL) rebounded above $200 after dipping to $175 in late December 2024, currently trading around $216. Cardano (ADA) experienced a 30% surge in early January 2025, exceeding the $1 mark and reaching approximately $1.11. Ethereum (ETH) saw a more moderate price increase of 4.7%, trading around $3,604. Chart of the Day: Elon Musk's recent activity on X (formerly Twitter), including changing his profile name to Kekius Maximus and featuring the 'Pepe the Frog' meme in his avatar, triggered volatility in memecoin markets. Coingecko data shows a 900% surge in the price of the Kekius Maximus memecoin, while PEPE gained 20%, ranking among the top 30 performing crypto assets this week