Cryptocurrency markets are on the rise, with Bitcoin nearing $100,000, boosted by increasing large transaction volumes and discussions of a Solana ETF. XRP saw gains following Gary Gensler's resignation announcement on Donald Trump’s inauguration day. Large Bitcoin transactions over $100,000 rose sharply, while exchange netflows declined by 89%. Analysts suggest Bitcoin could reach $120,000 if current trends persist, though traders note muted enthusiasm compared to previous bull runs.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Cryptocurrency markets are on the rise, with Bitcoin nearing $100,000,
00:06boosted by increasing large transaction volumes and discussions of a Solana ETF.
00:11XRP saw gains following Gary Gensler's announcement
00:14of his resignation on Donald Trump's inauguration day.
00:17Large Bitcoin transactions over $100,000 rose sharply,
00:21while exchange net flows declined by 89%.
00:24Analysts suggest Bitcoin could reach $120,000 if current trends persist.
00:29Though traders note muted enthusiasm compared to previous bull runs.