Cryptocurrencies witnessed a late Christmas rally as Bitcoin jumped from $93.6K to surpass $99K during Tuesday’s late sessions.
While the global crypto market capitalization soared 4.46% to 3.41 trillion, Fartcoin and iDEGEN dominated trends.
FARTCOIN attracted attention with its explosive surges within the past 24 hours.
The token soared from the lows of $0.7576 to $1.2676 – a remarkable 67.33% increase.
AI crypto project iDEGEN witnessed relentless investor support, with its presale approaching $9 million after selling over 1.1 billion tokens.
Bitcoin’s Christmas rebound
Bitcoin saw a sudden rally over the past day as it bounced from the lows of $93,690 to $99,400.
The bellwether crypto changes hands at $98,009 during this publication.
However, Bitcoin’s trading volume has slumped by 25% within the past day to $43.92 billion.
The faded 24-hour trading volume highlights a weakness in the asset’s rebound.
Furthermore, data shows Bitcoin exchange-traded funds’ net flows amounted to $338.4 million on Tuesday.
That marked the fourth successive outflow from spot BTC ETFs, signaling negative sentiments within the market.
However, experts remain confident about Bitcoin’s performance in the coming weeks and months, citing pro-crypto president Donald Trump.
Some believe BTC will trade within the 100,000 – 150,000 range after Trump’s inauguration.
The price of #Bitcoin is expected to reach a channel between $100,000 and $150,000 after January 20, 2025.
Fartcoin price skyrockets 67%
While cryptocurrencies surged during Christmas, Fartcoin outperformed with an over 67% price gain within the past day.
FARTCOIN jumped from yesterday’s low of $0.74 to surpass $1 as it touched the $1.20 mark.
Increased demand and enhanced sentiments contributed to the meme token’s rebound.
Sentiment’s data shows FARTCOIN’s Weighted Sentiment has recovered to the positive area after hitting the negative region on 22 December.
Also, the Chaikin Money Flow confirmed demand resurgence.
The indicator measures cash flow out and into an asset, aiding in identifying distribution (selling) and accumulation (buying) levels.
A rising CMF signals improved buying momentum, while declines reflect selling pressure.
FARTCOIN exhibits a healthy uptrend in this indicator, indicating money flowing into the meme token’s ecosystem.
Fartcoin trades at $1.20, and bulls target more gains.
The SOL-based meme could jump to $1.30 before gathering momentum towards $2.
AI token iDEGEN accelerates
iDEGEN is a new project that aims to transform the crypto market with AI.
The digital platform has created a buzz in the crypto space, with massive investor trust signaling confidence in its future.
iDEGEN has sold over 1.1 billion tokens four weeks after its presale debuts, raising over $8.9 million.
The meme token positions itself for remarkable performance after its January 2025 official launch.
iDEGEN went viral due to its unique approach.
The AI coin uses the crypto community on X, formerly Twitter, to access data, use it to learn various subjects, and then post on X hourly.
Interestingly, iDEGEN’s price will fluctuate depending on X activities.
The altcoin trades at $0.0609 during this publication and seems ready for explosive gains after its January launch.
You can learn more about iDEGEN here.
The post Crypto today: FARTCOIN and iDEGEN steal the show as Bitcoin hits 99K appeared first on Invezz