Cryptocurrencies Price Prediction: Bitcoin, Solana & Crypto – European Wrap 22 January
Bitcoin Price Forecast: Holds $105K mark as MicroStrategy adds 11,000 BTC, Trump pardons Silk Road creator Ulbricht
Bitcoin (BTC) trades around $105,000 on Wednesday after rebounding from the $100K support level the previous day. On Tuesday, Michael Salyor’s MicroStrategy (MSTR) announced that the firm had acquired 11,000 BTC worth $1.1 billion, and US President Donald Trump pardoned Silk Road creator Ross Ulbricht. A K33 report highlights that the market awaits crypto-specific executive orders in the coming week, which could be a key volatility source.
Solana validators made over $25M in fees on Trump, Melania memecoins
Solana's validators experienced a record influx of over 100,000 SOL, worth nearly $25.8 million, in fees and tips due to intense trading activity of the TRUMP and MELANIA tokens.
The peak occurred on Jan. 20, with validators receiving over 87,000 SOL, driven largely by the TRUMP token's rally, before MELANIA attracted bets. The surge in activity led to 24.7 million transaction bundles to ensure success.
The plateau of crypto
The cryptocurrency market rose 3.5% in the last 24 hours, recovering to $3.63 trillion, having peaked in the last five days. The market’s rapid recovery is indicative of continued interest in risk assets. Despite the day’s rise in altcoins, they remain well below their recent highs, accentuating the performance of Bitcoin, which is close to its all-time highs.
