Cryptocurrency Markets Are Up Amid Growing Market Optimism, with Significant Inflows into Bitcoin ETFs

During President Trump's first week in office and Metaplanet setting a goal of acquiring 10,000 BTC by the end of 2025.

Crypto markets showed signs of recovery this week, with key support being reclaimed and major cryptocurrency prices rising.

However, markets seemed to be holding their breath ahead of Wednesday’s FOMC meeting, which is expected to set the tone for monetary policy in 2025.

Top cryptocurrencies largely saw green on Monday, continuing a trend that began last week. The world’s largest cryptocurrency, Bitcoin (BTC), rose 1.36% over the past 24 hours to trade at $109,100 by Monday morning. BTC began the week up around 0.5%.

Meanwhile, Ether (ETH) saw a more significant rise of 2.11% over the past 24 hours, changing hands at $4,000 by Monday morning. ETH prices were up around 1.5% at the start of the week.

A notable gainer was XRP, which climbed 3.36% to trade at $0.90 by Monday morning. XRP prices were up around 2.5% at the start of the week.

Binance Coin (BNB) also saw a solid rise, up 2.38% over the past 24 hours to trade at $1,000 by Monday morning. BNB prices were up around 1.5% at the start of the week.

Crypto markets began the week in a state of relative calm, with total crypto market capitalization at $1.94 trillion, largely unchanged over the past 24 hours but up around 0.5% for the week.

Bitcoin prices saw a strong start to President Trump's first week in office, with the digital asset surging past the $100,000 mark on Monday morning.

The key support level was breached amid a wave of optimism in the cryptocurrency markets, fueled by several positive developments.

One notable development was the announcement by Metaplanet Holdings that it aims to acquire 10,000 Bitcoin by the end of 2025. The company, which is listed on the Toronto Stock Exchange, said in a statement that it believes the digital asset will continue to appreciate in value over the long term.

“We believe that Bitcoin is a unique and compelling asset class, and we are excited to add it to our portfolio,” said Metaplanet CEO Anthony Scaramucci Jr. “This acquisition is part of our broader strategy to generate long-term value for our shareholders.”

The news of Metaplanet's planned Bitcoin acquisition sent ripples through the cryptocurrency markets, boosting sentiment and contributing to the surge in digital asset prices.

Several cryptocurrencies surged on Monday morning as major stock indexes hit record highs, fueled by optimism over the new administration, despite a warning from crypto trader Kevin that everything today feels irrelevant ahead of the first FOMC meeting of the year.

Top cryptocurrencies saw mixed price action on Monday morning, with Bitcoin (BTC) and Ether (ETH) continuing to trade in a narrow range, while XRP and Binance Coin (BNB) saw more significant gains.

Crucially, BTC prices rose 0.5% to trade at $108,800, continuing a trend that saw the digital asset surge past the $100,000 mark last week. BTC prices were largely flat at the start of the week.

Meanwhile, ETH saw a smaller gain of 0.2% to trade at $3,980, continuing a trend that saw the digital asset surge past the $4,000 mark last week. ETH prices were also largely flat at the start of the week.

XRP saw a more significant gain, rising 2.5% to trade at $0.89, continuing a trend that saw the digital asset surge past the $0.80 mark last week. XRP prices were largely flat at the start of the session.

Binance Coin also saw a solid rise, up 1.5% to trade at $990, continuing a trend that saw the digital asset surge past the $900 mark last week. BNB prices were also largely flat at the start of the session.

Total crypto market capitalization was largely unchanged over the past 24 hours at $1.94 trillion, while BTC's dominance remained flat at 56%.