Weekly Crypto Roundup: Updated 8 January 2024

Bitcoin (BTC) rose by 3.23% this week, though it dropped below $97,000 after hitting over $100,000 yesterday, with a sharp correction liquidating over $483.44 million in long positions within just 24 hours. Ethereum (ETH) gained 4.01%, continuing its steady upward momentum. Litecoin (LTC) soared by 19.96%, bolstered by surpassing the 300 million transaction milestone. XRP increased by 9.63%, with growing optimism as many analysts predict it could hit the $3 mark within one or two months. Solana (SOL) climbed 7.45%, fueled by speculation of an impending ETF approval. Bitcoin Cash (BCH) fell 3.84%, partly impacted by Bitcoin’s price drop, which weighed on related assets. Uniswap (UNI) dropped 4.55%, facing selling pressure in a competitive DeFi space. Despite market fluctuations, many analysts believe Bitcoin could reach a new all-time high this January as Donald Trump officially begins his term as president, sparking expectations of market-friendly policies and renewed investor optimism.

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