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February 6, 2025

Crypto Market Sees New Year Surge: Solana, XRP, and Bitcoin Lead the Charge

As we dive into the new year, the cryptocurrency market is off to a flying start, with major players like Solana and XRP experiencing significant gains. Over the past 24 hours, both assets have jumped by at least 10%, with Bitcoin and Dogecoin also touching weekly highs.

Solana’s Impressive Comeback

Solana (SOL) has seen a remarkable 10% increase in the last day, reaching a current price of $209. This marks the highest price point for SOL since December 19. Although it’s still shy of its all-time high of $263 in November, this surge is a promising sign for the cryptocurrency. After dipping to $176 on December 20, Solana’s recovery is a testament to its resilience.

XRP’s Volatile Ride

Meanwhile, XRP, linked to Ripple, has climbed 11% to $2.41, with a brief touch of $2.44 earlier Thursday – the highest price seen since December 18. XRP’s journey has been marked by volatility, having reached a seven-year high of $2.82 in early December, only to dip as low as $1.98 on two occasions since.

Other Altcoins Join the Party

Solana and XRP aren’t the only altcoins experiencing double-digit gains. Cardano (ADA), Avalanche (AVAX), Chainlink (LINK), and Stellar (XLM) have also seen significant increases, with all of them ranking among the top 20 cryptocurrencies by market capitalization.

Bitcoin’s Rebound Effect

The market-leading coin, Bitcoin, has climbed above the $97,000 mark for the first time in over a week, currently sitting at $97,015. This 3.5% increase on the day is likely propelling other gains in the market. Bitcoin’s rebound is a welcome sight, especially after dipping below the $92,000 mark as recently as December 30.

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Dogecoin’s Weekly High

Dogecoin, the leading meme coin, has reached a weekly high price of $0.34, rising more than 7% on the day. Although it’s coming off a three-year high price mark set in December, Dogecoin’s volatility is well-known, having dipped below $0.27 on December 20.

Fartcoin’s Surprise Surge

In a surprising turn of events, Fartcoin (FARTCOIN) has spiked 47% over the past day to a current price of $1.40, after reaching a new all-time high of $1.45 earlier Thursday. This makes it the top-performing meme coin in the top 100 cryptocurrencies.

As the cryptocurrency market continues to evolve, it’s essential to stay informed about the latest developments. Whether you’re a seasoned investor or just starting to explore the world of crypto, these recent gains are certainly worth keeping an eye on.

What do you think about the current state of the cryptocurrency market? Share your thoughts in the comments below!

Source: Decrypt.co

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