Daily Crypto Signals: Bitcoin Nears $100K While XRP, Solana, and Stellar See Major Gains

With Bitcoin surpassing $100,000 and numerous altcoins showing double-digit increases, US inflation statistics and the approaching presidential changeover are causing notable changes across the cryptocurrency market.

As Bitcoin edges closer to hitting the six-figure mark, several altcoins have also seen significant gains, with XRP surging past $3 for the first time since 2018. Meanwhile, Solana recovered to almost $200 and Stellar saw nearly 10% gains in a day.

Rising to almost $100,000 following good US Consumer Price Index (CPI) statistics, bitcoin enjoyed a strong comeback on Monday, with hopes pinning on President-elect Trump's promised pro-crypto policies after his January 20 inauguration.

Thailand's SEC is considering proposals for stablecoins and a spot Bitcoin ETF filing, indicating increasing institutional acceptance of digital assets. Additionally, US Representative Tom Emmer's appointment as vice chair of the House Subcommittee on Digital Assets suggests a potentially more crypto-friendly legislative environment.

Bitcoin trades just under key $100,000 level as US inflation figures spark fresh optimism

Reacting favorably to the most recent US inflation figures, bitcoin (BTC) enjoyed a surge from around $96,000 to almost $100,000 on Monday. However, analysts noted that sustained price momentum may hinge on President-elect Trump's implementation of promised pro-crypto policies following his January 20 inauguration.

Despite a recent 10% drop from its all-time high of $106,000, technical indicators maintained an optimistic market structure.

XRP rallies past $3, overtakes bitcoin on Google Trends as asset nears 2025 target

Surging past $3 for the first time since 2018, XRP (XRP) enjoyed a standout performance with a 41% surge over the last 15 days. Accumulating 58,000 new owners by 2025, the asset also surpassed bitcoin in terms of global Google search attention.

Unlike other main cryptocurrencies, XRP's surge was driven largely by spot market demand, rather than derivatives trading.

Solana recovers to almost $200 as network activity slows down amid price drop early January

Solana (SOL) appeared to be recovering on Monday, trading at almost $200 despite a 10.3% decrease in network activity and a 22.5% price drop in early January.

Recent data showed that around $1.5 billion in USDC was minted on Solana in just 15 days, keeping the network as the second-largest blockchain by total value locked (TVL). According to near term technical analysis, SOL could possibly break above $230.

Stellar (XLM) sees nearly 10% gains in a day, technical analysis predicts possible gains of up to 30%

Rising 9% in a day and 15% over the past week, Stellar (XLM) enjoyed outstanding increases to reach $0.4850 on Monday. Over 24 hours, trading volume surged by 219.78% to reach $1.91 billion.

With price forecasts predicting that XLM might cross $0.70 by mid-February and perhaps challenge its all-time high of $0.9381 during the expected altcoin season in May, analysts projected possible gains of up to 30%.