Crypto Market Recovers with Bitcoin Surging above $103K and AI Tokens Show Optimism
The post Crypto Market Recovers with Bitcoin Surging above $103K and AI Tokens Show Optimism appeared on BitcoinEthereumNews.com.
The crypto sector is recovering significantly as the prominent assets have reached noteworthy price levels. As per CryptoRank.io, Bitcoin ($BTC) has spiked above the $103,114 spot while Solana ($SOL)’s price has increased to $240, showing a substantial market recovery. 📈Market Overview The market is recovering with positive news. $BTC is back at $103K, and $SOL is at $240.$JUP, $AERO, and $HYPE have gained +15% and more, while AI-agent tokens show a cautious recovery. Market Cap: $3.69T (+3.55%)BTC dominance: 54.19% (-0.23%)Fear & Greed… pic.twitter.com/2rdW3yaf4F — CryptoRank.io (@CryptoRank_io) January 28, 2025 In addition to that Ripple ($XRP), Dogecoin ($DOGE), and Cardano ($ADA) have also witnessed massive price upturns. Moreover, the latest successful funding rounds and key institutional developments also contribute to the broader market outlook. Overall, the crypto market is seeing a rising investor confidence that helps build bullish momentum. Market Cap Reaches $3.69T as $BTC Surpasses $103K and $SOL Gains 6.48% CoinRank.io pointed out that the ongoing recovery in the crypto market has touched a notable level. Particularly, Bitcoin’s rise above $103,114 denotes a 4.7% upsurge over the past 24 hours. In the meantime, Solana has seen a 6.48% jump to touch the $240 mark. The cumulative market capitalization of the crypto sector is currently standing at $3.69T. This figure accounts for a 3.55% spike. Apart from that, the spot trading volume over 24 hours has touched $81.06B, displaying a 5.30% rise. Chinese ‘DeepSeek’ Ignites Immense Crypto Downturn, Resulting in Huge Liquidations Recently, the crypto market reportedly went through a sheer decline because of a Chinese app. The release of Chinese AI application named “DeepSeek” triggered broad-scale liquidations in the crypto market. As a result of this, within twenty-four hours, total liquidations rose to almost $613M. The crypto exchange $HTX saw the largest single liquidation, accounting for $98.46M. Nevertheless, the ongoing…
Filed under: News - @ January 28, 2025 6:25 pm