The cryptocurrency market seems to be rebounding from its recent dip. Bitcoin (BTC) has reclaimed the $102,000 level. The global crypto market cap has risen 2.6% in the last 24 hours to $3.64 trillion.

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The Cryptocurrency Market Making A Comeback?

The crypto market faced a dip on Monday. Bitcoin (BTC) briefly fell below $99,000. The dip was likely due to macroeconomic factors. The US dollar was gaining strength. Investors instead opted for safer assets.

Inflation in the US rose to 2.7% in December 2024. The Fed has also taken a hawkish stance with its monetary policy to combat rising inflation figures.

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The cryptocurrency picked up steam on Tuesday, Jan. 28, 2024. The market resurgence could be due to bullish developments around crypto-based exchange-traded funds. Tuttle Capital has filed for 10 crypto-based ETFs, leading to a rise in investor confidence.

Top 3 Cryptocurrencies That Could Dominate 2025

1. Ripple (XRP)

Ripple’s XRP token could experience quite a price bump under President Donald Trump’s leadership. Trump has said that he wants the cryptocurrency industry to thrive in the US. Ripple’s XRP token could have its ETF very soon as well.

2. Solana (SOL)

SOL is another American cryptocurrency project that could thrive under Trump’s leadership. President Trump launched his official crypto, Official Trump (TRUMP), earlier this month. The project is based on the Solana network.

3. Cardano (ADA)

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Cardano (ADA) has had a rough few years. The cryptocurrency could gain steam over the next few months. ADA is another American crypto project that could thrive under Trump’s leadership. ADA is one of the most developmentally active crypto projects. Its high development could lead to incredible gains over the next few months.