Zinger Key Points
- Santiment data highlights January’s wild crypto ride, driven by Trump’s inauguration and MicroStrategy’s Bitcoin accumulation.
- XRP stood out as a strong performer, while Bitcoin sentiment hit rock bottom when it briefly fell below $100,000.
- Get Wall Street's Hottest Chart Every Morning
On-chain analytics provider Santiment data published its January report, looking back at the performance of major cryptocurrencies like Bitcoin BTC/USD, Solana SOL/USD and XRP XRP/USD.
What Happened: January brought extreme volatility to crypto, largely fueled by the inauguration of Donald Trump as the 47th U.S. president.
His pro-crypto stance, including proposals for a national Bitcoin reserve, initially boosted market confidence.
Bitcoin And Altcoins
Bitcoin hit a new all-time high of $109,300 just before his inauguration but has since retraced to $102,600.
Despite this modest decline, panic has emerged among traders, as the excitement over Trump's new tenure waned and the true commitment to pro-crypto policy will still be tested.
Bitcoin's lowest sentiment of 2025 came after it dropped below $100,000, sparking fear on social media.
XRP: Notable Strong Performer
XRP is trading 51% higher over the past 30 days, notably stronger than other altcoins.
Bullish factors include Ripple Labs' regulatory approval for its RLUSD stablecoin and Ripple’s partnership with Ondo Finance.
Also Read: ‘Asia’s MicroStrategy’ Metaplanet Targets 21,000 Bitcoin Holdings By End Of 2026
Ethereum and Solana
While Ethereum ETH/USD is struggling with declining sentiment, trading around $3,100.
Solana saw its lowest sentiment in a year after dropping 18% on Jan.19 before rebounding.
A rebound to $250 would trigger positive sentiment again.
Other Developments
The Bitcoin ETF Anniversary on Jan. 23 saw $7.9 billion in trading volume, the highest level in 10 months.
MicroStrategy continues to accumulate Bitcoin but prices may drop if sentiment does not improve in the near future.
What's Next: Looking ahead to February, Santiment believes the sector is ahead of a bright future.
If BTC moves sideways or trends lower, traders may look to accumulate altcoins at discounted prices.
Read Next:
Image: Shutterstock
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
