Crypto wrap for January 18: Bitcoin extends gains to $105K as EOS, FLR, and TIA surge

Crypto wrap for January 18: Bitcoin extends gains to $105K as EOS, FLR, and TIA surge
фото показано с : invezz.com

2025-1-18 21:43

Bitcoin has extended gains above $100k, hitting highs of $105k as the market flips green amid anticipation ahead of Donald Trump’s inauguration. XRP remained bullish and Ethereum, Solana and BNB traded above key levels.

Meanwhile, EOS price has surged amid positive developments; Flare is up 20% and an analyst is bullish on Celestia.

Bitcoin surges to $105k

The overall crypto market cap rose by 5% to over $3.66 billion as Bitcoin extended gains amid its latest surge.

BTC traded more than 5.4% in the past 24 hours on Friday and saw weekly returns rise to more than 12% as the price surpassed $105,200. 

Gains come ahead of Trump’s inauguration and as risk assets soar amid positive investor sentiment.

Per crypto analysts at CryptoQuant, Bitcoin price could soar to $200k in 2025.

“Potential $520B inflows, pro-crypto policies, and a bullish 4-year cycle drive this outlook. The multiplier effect means every $1 inflow could boost BTC’s market value by $2-$6,” the analysts noted.

Crypto analyst Rekt Capital shared the following BTC price forecast:

Rekt Capital@rektcapital·Follow

#BTC Bitcoin is breaking the very downtrend that was suppressing an entire range breakout Needs a Daily Close above the confluent resistance that is the Range High resistance (black) and the Lower High resistance (red) to confirm the breakout $BTC #Crypto #Bitcoin

6:07 pm · 17 Jan 2025615ReplyCopy linkRead 41 replies EOS surges to above $1

The outlook is also bullish for altcoins, with EOS among the top coins outperforming in the past 24 hours.

EOS rose to $1.03, breaking higher as daily volume spiked more than 126%. EOS’s double-digit surge pushed bulls above the psychological $1 level for the first time in over a month. 

Flare breaks higher with 15% spike

The Flare token is one of the top gainers among the top 100 cryptocurrencies by market cap. 

As Bitcoin crossed the $105k mark, the FLR token’s price rose 15% in 24 hours to reach $0.032.

While more than 60% from its all-time high of $0.079, Flare stands out as one altcoin to watch in the coming months.

With interoperability between blockchains a key driver of growth, the surge above resistance around $0.028 may give bulls fresh legs.

Celestia price up 6%, analyst bullish

TIA price was up 6% to trade around $5.31. However, Celestia bulls had touched intraday highs of $5.46, with daily trading volume up more than 32% to $174 million. 

According to Ryan Watkins, co-founder of Syncracy Capital and former research analyst at Messari, “Celestia has quietly been firing on all cylinders.” The analyst points to recent data growth and Celestia’s cost advantage over Ethereum – currently at 30x.

“Expect the next wave of projects launching on Celestia, like Abstract which has serious viral potential, to further accelerate growth in the quarters to come,” Watkins said.

Top gainers and losers today

While BTC’s reclaiming of support above $100k has bulls upbeat, top altcoins outpacing it include OKB and THORChain.

Meme coins Bonk, Pepe, and Shiba Inu have also soared in the past 24 hours.

In the top 100 cryptocurrencies by market cap, the top losers in the past 24 hours include: ai16z, XDC Network, and Virtuals Protocol.

XRP and Stellar, which led gainers this week, were also down 3.9% and 4.3% respectively.

The post Crypto wrap for January 18: Bitcoin extends gains to $105K as EOS, FLR, and TIA surge appeared first on Invezz

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