Bitcoin, Solana, XRP With Strong Month But Challenges Await: Report

On-chain analytics supplier Santiment information printed its January report, wanting again on the efficiency of main cryptocurrencies like Bitcoin BTC/USD, Solana SOL/USD and XRP XRP/USD.

What Occurred: January introduced excessive volatility to crypto, largely fueled by the inauguration of Donald Trump because the forty seventh U.S. president.

His pro-crypto stance, together with proposals for a national Bitcoin reserve, initially boosted market confidence.

Bitcoin And Altcoins

Bitcoin hit a brand new all-time excessive of $109,300 simply earlier than his inauguration however has since retraced to $102,600.

Regardless of this modest decline, panic has emerged amongst merchants, as the thrill over Trump’s new tenure waned and the true dedication to pro-crypto coverage will nonetheless be examined.

Bitcoin’s lowest sentiment of 2025 got here after it dropped under $100,000, sparking concern on social media.

XRP: Notable Strong Performer

XRP is buying and selling 51% larger over the previous 30 days, notably stronger than different altcoins.

Bullish components embody Ripple Labs’ regulatory approval for its RLUSD stablecoin and Ripple’s partnership with Ondo Finance.

Additionally Learn: ‘Asia’s MicroStrategy’ Metaplanet Targets 21,000 Bitcoin Holdings By End Of 2026

Ethereum and Solana

Whereas Ethereum ETH/USD is battling declining sentiment, buying and selling round $3,100.

Solana noticed its lowest sentiment in a 12 months after dropping 18% on Jan.19 earlier than rebounding.

A rebound to $250 would set off constructive sentiment once more.

Different Developments

The Bitcoin ETF Anniversary on Jan. 23 noticed $7.9 billion in buying and selling quantity, the best degree in 10 months.

MicroStrategy continues to build up Bitcoin however costs could drop if sentiment doesn’t enhance within the close to future.