Zinger Key Points
- The global crypto market cap is up 3.4%, reaching $3.3 trillion, as Bitcoin surges past $98,000.
- One trader anticipates a weekend pullback and choppy action before a move to $103,000, while another highlights $98,000 as a critical level.
- Get access to your new suite of high-powered trading tools, including real-time stock ratings, insider trades, and government trading signals.
Crypto markets are experiencing strong momentum on Friday, with key assets posting gains.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin BTC/USD | $98,205.44 | +2.7% |
| Ethereum ETH/USD | $2,744.60 | +3.9% |
| Solana SOL/USD | $202.28 | +5.2% |
| XRP XRP/USD | $2.79 | +13.5% |
| Dogecoin DOGE/USD | $0.2775 | +8% |
| Shiba Inu SHIB/USD | $0.00001688 | +4.4% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 5.8% and daily active addresses growing by 5.3%. Transactions greater than $100,000 are down from 9,846 to 9,450 in a single day. Exchanges netflows are down by 347%.
- Coinglass data reports 86,832 traders were liquidated in the past 24 hours for $184.85 million.
Notable Developments:
- Robinhood’s January Metrics Shine, But Crypto Notional Trading Volume Hits A Speed Bump Sequentially
- Coinbase CEO Brian Armstrong Wants Congress To Bring Clarity On Whether Tokens Are Securities Or Commodities, Wants Stablecoin Regulation To Drive Crypto Investments
- Brian Armstrong Wants To Handle Growing Volumes Of Memecoins By Adding DEXes Into Coinbase: ‘A Little Bit Like The Early Days Of The Internet’
- Billionaire Peter Thiel-Backed Crypto Startup Plasma Raises $20M To Develop Bitcoin-Based Stablecoin Network
- El Salvador’s Bitcoin President Nayib Bukele Meets Michael Saylor To ‘Accelerate Adoption’
Top Gainers:
| Cryptocurrency | Price | Gains +/- |
| OFFICIAL TRUMP TRUMP/USD | $22.56 | +37.2% |
| Dogwifhat WIF/USD | $0.7765 | +28.5% |
| Jupiter JUP/USD | $0.9808 | +17.1% |
Trader Notes: Crypto trader Cold Blooded Shiller explains that two weeks after the largest liquidation event in history, sentiment feels much worse than it is.
Despite short-term turbulence, strong growth and adoption are still expected this year. The path forward remains higher.
Crypto trader CJ predicts a weekend pullback/chop and if the first trouble area of $98,100 is cleared, it can rally to $103,000.
More Crypto Online sees Bitcoin testing resistance in the short-term bearish scenario, with price action tightening within a narrowing range.
The resistance is between $96,705–$97,519, micro support between $95,000–$95,662 and key support at $93,639.
While probabilities remain balanced, the market lacks a clear directional bias. Staying flexible is crucial in this uncertain environment.
Crypto trader EliZ sees Bitcoin in a range for almost two weeks. He predicts a big move soon but cautions to operate only on confirmation as direction is almost impossible.
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.
