Weekly Crypto Roundup: Updated 22 January 2024

Bitcoin (BTC) surged 10.48% this week, hitting an all-time high (ATH) of $109,000 USD, fueled by renewed interest following Donald Trump’s return to office, which boosted global demand for the leading cryptocurrency. MicroStrategy added to the frenzy, acquiring 11,000 BTC for $1.1 billion USD, with Michael J. Saylor, former CEO, reaffirming his strong support for Bitcoin. Ethereum (ETH), up just 4.90%, underperformed expectations as conversations shifted to altcoins. XRP stole the spotlight, climbing 14.47%, with many anticipating an ATH within weeks. Solana (SOL) skyrocketed 25.42%, driven by community excitement over new meme coin launches and speculation around potential ETF approvals. Meanwhile, Bitcoin Cash (BCH) dipped 5.01%, largely sidelined as the focus remained on Bitcoin. Uniswap (UNI) saw a 21.28% surge, with whale accumulation signaling strong confidence in UNI as a long-term asset. Litecoin (LTC) also saw modest growth of 6.56%, keeping pace with the broader market trends.

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