Massive Bitcoin (BTC) Volatility, Ripple (XRP) Critical Level, Solana Meme Coins Resurgence: Bits Recap Jan 12

TL; DR

Bitcoin price fluctuated sharply, influenced by US SEC mixed signals on BTC ETF approvals, fluctuating from $45K to $49K. Ripple's XRP has seen growth in user wallets, indicating increased interest and activity in the network. Solana-based meme coins, including Dogwifhat (WIF) and Myro (MYRO), have experienced significant price increases, with WIF up 4,800% in one month.

BTC price fluctuates as of late.

The price of Bitcoin has been on a rollercoaster over the past few days, influenced by the historic approval of multi-location BTC ETFs in the United States.

The US Securities and Exchange Commission (SEC) on January 10 green-lighted the applications of BlackRock, Valkyrie, VanEyck, Fidelity, Franklin Templeton and other financial giants. Soon after, the link to the announcement on the SEC website was removed, causing confusion and BTC crash to $45K. Once the information came back on the SEC website, the value of the property came to about $46,000.

Bitcoin experienced more volatility yesterday (January 11). Like CryptoPotato reportedhas risen to $49,000 (its price was last seen in early 2022), with ETFs worth billions.

The amazing rally was short-lived and Bitcoin. He fell Under $3K to $46,000. The total value of liquid positions jumped over $300M on a 24-hour scale, hurting overleveraged traders. The asset value currently hovers around $45,600 (per CoinGecko data).

Those curious to see if BTC could reach new highs this year can check out our predictions video below.

What's new around Ripple (XRP)?

Ripple XRP soon has arrived The number of XRP wallets has reached a milestone, surpassing the 5 million mark. The achievement was achieved in It is after a significant increase in 2023. The figure rose to about 4 million at the beginning of last year.

The increase of XRP wallets can indicate the increasing interest and participation in the Ripple network, which will bring more investor confidence.

On-chain metrics have also been strong of late, with more XRP transactions taking place (daily). stay Over 4 million range by early 2024.

Solana Meme coins in the spotlight

Solana's meme coins Dogwhiphat (WIF) and Myro (MYRO) have made waves after posting huge gains. The former is up 115% in the past seven days and an impressive 4,800% monthly. Several hours ago, ByBit followed and surpassed the $0.30 mark List But later it dropped to $0.23.

On the other hand, MYRO went out As high as $0.12, its market capitalization has exceeded $100 million.