The cryptocurrency sector valuation crossed $3.4 trillion on Friday, having increased by $253 billion within the first 3 days of 2025.
The crypto market rebound has been linked to positive speculations on Trump’s upcoming inauguration.
Bullish moves from Michael Saylor and Elon Musk also accelerated the market rally.
Microstrategy CEO, Michael Saylor announced another purchase of $209 million worth of BTC. Since then Bitcoin price has surged 8% to hit the $98,000 mark on Friday. Bitcoin ETFs recorded $242 million outflows on Thursday.
Bitcoin total liquidations hit $222 million on Friday, with short traders’ $114 million positions closed accounting for x percentage of the losses.
The recent crypto market movements highlight growing investor interest in Layer 1 tokens amid the positive start to 2025. Solana (SOL): After a brief dip to $175 in late December 2024, Solana rebounded above $200 on Friday, currently trading around $216.
Cardano (ADA): Cardano’s price surged over 30% in early January 2025, crossing the $1 mark and reaching approximately $1.11
Ethereum (ETH): Ethereum’s price rally has been relatively subdued, currently trading around $3,604 at a 4.7% increase from the previous close.
Elon Musk’s recent activity on X (formerly Twitter) has once again triggered volatitlity across memecoin markets this week.On December 31, 2024, Musk changed his profile name to “Kekius Maximus” and updated his avatar to feature PEPE’s ‘Pepe the Frog’ meme in gladiator armor. Memecoin Sector Peformance | Source: Coingecko According to Coingecko data this triggered a dramatic 900% increase in the “Kekius Maximus” memecoin price, while PEPE 20% gains also saw it emerge among the best performing asset top 30 ranked crypto assets this week. The impact of Musk’s profile update extended beyond the “Kekius Maximus” memecoin.Other mega cap memecoins like Dogecoin (DOGE), BONK, and a16z all also experienced notable gains.Telegram Launches NFT Conversion for Digital Gifts
Telegram has unveiled a groundbreaking feature that allows users to convert digital gifts into non-fungible tokens (NFTs). These NFTs can be stored on a blockchain and traded on popular NFT marketplaces, offering a new layer of interactivity and monetization for the platform’s user base.With this feature, Telegram users can customize traits for each NFT, adding uniqueness and rarity, making digital gifting more engaging and personalized.By integrating NFTs, Telegram not only capitalizes on the popularity of digital collectibles but also positions itself at the forefront of Web3 innovation. This move could potentially accelerate the adoption of blockchain technology within mainstream platforms, as companies explore innovative ways to enhance user experience and expand monetization opportunities. Binance receives regulatory approval in Brazil
Binance has achieved a significant milestone by securing regulatory approval in Brazil, reinforcing its commitment to global
Crypto Today: PEPE, Solana, BTC in early lead as Elon Musk, Michael Saylor spark 2025 market rebound
