With the end of the Christmas holidays in Europe and the United States, buying pressure in the cryptocurrency market has begun to return. Although Bitcoin briefly fell to $93,000 during the Christmas holiday, it has now rebounded close to $97,000, with a market capitalization of $1.9 trillion. However, its market share has dropped to 53.8%, indicating that alternative coins have seen more significant gains, and capital momentum has now overflowed into small and medium-sized cryptocurrencies.
Among them, the mainstream cryptocurrency Ether has returned to $3,400, with a daily increase of 2.5%. Other main chain coins like BNB, TRX, and TON have performed steadily, while DeFi concept tokens such as SOL, DOGE, ADA, AVAX, LINK, and SHIB have seen even more astonishing gains of 11%. Finally, XRP has stood out the most, with a price increase of 12%, reaching $2.38.
The overall cryptocurrency market is performing strongly, with a market capitalization increase of over $130 billion in the past 24 hours, bringing the total market capitalization to $3.54 trillion. The signs of warming capital from Europe and the United States are quite evident, with funds also moving early into small and medium-sized cryptocurrencies to earn additional profits on high leverage related to the end of the holiday. It is expected that in the coming days, DeFi tokens will lead the cryptocurrency market.
