Todays Top Stories

Editor: @PhoenixxDown

Bitcoin Surges Past $100K, Eyes $110K Milestone

January 6th has long been seen as the day when everyone gets back to their desks, and leading up to it, there was plenty of speculation about how Bitcoin would respond. Well, Bitcoin has kicked off 2025 with a bang, surging to $102,000 earlier today—the first time it has crossed six figures since mid-December!

Bitcoin’s recent rally is being fueled by a mix of institutional capital returning to the market and a dwindling supply of BTC on exchanges. On Friday, Bitcoin Spot ETFs recorded net inflows of $908.1 million—the largest single-day inflow since mid-December. Fidelity and BlackRock ETFs were standout performers, showcasing renewed investor confidence.

MicroStrategy also added 1,020 BTC to its holdings, while Texas-based KULR Technology Group doubled its Bitcoin treasury with a $21 million purchase, further emphasizing the bullish sentiment among institutional players.

Bullish Sentiment for January

After the typical holiday-season sell-off, Bitcoin has bounced back, gaining over 11% in the first week of January. Analysts predict that Bitcoin could reach as high as $123,800 by the end of the month, driven by renewed optimism and favorable macroeconomic factors.

As noted in Issue #82 of XO Daily, the upcoming inauguration of Donald Trump on January 20 is widely viewed as a potential catalyst. Investors are hopeful that his administration will deliver on promises to support the crypto sector through initiatives like fostering U.S. crypto mining and exploring Bitcoin as a reserve asset.

While Bitcoin crossing $100,000 is a major psychological and technical milestone, challenges remain. The failure to reclaim its all-time high of $108,230 has affected short-term holder profitability, which could increase selling pressure. Analysts caution that declining profitability often signals weakened market demand, raising the possibility of price corrections.

At its current price above $102,000, Bitcoin’s next critical hurdle is the $110,000 level. With institutional demand growing, ETF inflows accelerating, and macroeconomic trends aligning in its favor, Bitcoin is poised to make 2025 a standout year—and it’s certainly off to an exceptional start!

Top Posts | Hawaiian Merchants Are Adopting Bitcoin

Top Stories | Watch: Is Your Staked Bitcoin At Risk?

Top Posts | $DOG Continues to Gain Mindshare Outside of the Bubble

Top Posts | Renowned Art Collector, Cozmo de’ Medici, Likes the Cats

Top Posts | Is This $RSIC Alpha?

Top Posts | TAP Reveals Bridgeable ERC-20 Tokens

Daily Bites: Today’s Top Articles

Todays Markets

Ordinals

What a day for OCM! With just six sales, they managed to top the volume charts today, pushing their floor price up by an impressive 63% in the last 24 hours—now approaching a quarter of a Bitcoin.

This has been one of the quietest days for Ordinals volume in recent memory. Bitcoin Puppets take second place, barely breaking a single Bitcoin in sales, with everything below failing to hit that mark.

Despite the low volume, floor prices remain relatively stable compared to last week, with all of the “Big 4” collections holding their places in the top five.

In the bottom half, Penguins Puppets come in at 6th but they are to be avoided at all costs. Here’s why:

Other highlights include Based Angels maintaining their presence and AILU climbing 32% on the day to secure ninth place.

Runes

Are Runes back? Nope. Unfortunately, we’re still waiting for the comeback, but there’s hope yet.

Let’s give credit to $DOG for keeping the Rune ecosystem alive, pulling in almost $600K in volume on Magic Eden yesterday. In second place is $BDC, with a respectable $85K—a solid showing on what’s otherwise been a quiet day.

Speaking of $BDC, is it time for a rebrand back to the original $BILLY ticker? For those unfamiliar, a Solana memecoin once hijacked the “Billy to a Billy” branding, forcing Billion Dollar Cat to pivot to $BDC.

Now that the Solana version has all but vanished from the public consciousness, perhaps $BDC can reclaim its rightful name.

Further down, we see a Rune with a name so long it’s messing up the Magic Eden interface: DONALDSATOSHITRUMPULBRICHT. With just 59 holders and its last sale four hours ago, this might not be the investment to bank on.

$CYPHER took a hit today, dropping 22% after its strong showing last week, but with the AI narrative still hot, it’s likely to bounce back soon.

Lastly, Magic Agent Money enters the top 10 and is celebrating live. Congratulations!

Todays Opportunities

Giveaways

There are currently four raffles live, so join the Discord below and make sure you have notifications on so you don’t miss out!