NAIROBI (CoinChapter.com)— The cryptocurrency market witnessed mixed movements as Bitcoin (BTC) held above $102,000 following Donald Trump’s inauguration, while Hedera (HBAR) and Stellar (XLM) demonstrated resilience amid market uncertainties.
Bitcoin (BTC) Holds Firm Above $102K Despite Market Volatility
Bitcoin is currently priced at $101,760.67, down 0.84% in the past day. It reached a new all-time high of $109,356 just ahead of President Donald Trump’s inauguration. However, the price has since retraced following the event, as Trump’s speech made no mention of cryptocurrency, raising uncertainty about his administration’s approach to digital assets.
Crypto analyst EGRAG CRYPTO noted that Bitcoin must close a four-hour candle above $109,000 to sustain its momentum toward $120,000. He also highlighted the need for a weekly close above $103,000 to target $127,000, while cautioning that a retest of $77,000–$80,000 remains possible.
Bitcoin’s derivatives trading volume surged to $215.22 billion, reflecting a 51.72% increase in activity over the past 24 hours. Meanwhile, the options volume climbed 143.20% to $9.14 billion, indicating heightened market engagement despite broader market uncertainty.
Liquidations reached $214 million for long positions, highlighting increased bearish sentiment among leveraged traders. The long/short ratio remained near 0.96, suggesting balanced but cautious market participation.
Hedera (HBAR): Ecosystem Growth Amid Price Recovery
Hedera (HBAR) is trading at $0.3279, down 2.87% in the last 24 hours, after President Donald Trump’s inauguration failed to address cryptocurrency.
HBAR briefly surged to $0.367 earlier but remains well below its all-time high of $0.57. Trading volume jumped 60.7% to $1.53 billion, signaling active market participation despite the price dip.
HBAR’s compliance with ISO 20022 standards positions it as a strong contender for institutional adoption. Analyst Crypto Kip predicts it could reach $5 by 2025, citing growing partnerships and ecosystem expansion.
Additionally, Steph_iscrypto highlighted that HBAR successfully retested its breakout point, setting a technical price target of $3.21 in the near term.
Notably, a collaboration with Taurus aims to enhance tokenization and staking, boosting its global appeal.
Technically, HBAR has strong support near $0.25 and faces resistance at $0.40. The long/short ratio suggests caution, with 53.4% of traders expecting further downside.
Stellar (XLM) Drops 6.5%—Is a 2,160% Rally to $11 Still Possible?
Stellar (XLM) is trading at $0.4328, down 6.50% over the past day, as it struggles to maintain support near the $0.43 level. This critical zone, reinforced by the 50 EMA, has helped stabilize the price during recent declines.
Analyst Javon Marks suggests XLM has the potential to rally over 2,160%, targeting $11.1+ based on its performance in previous bull cycles.
Immediate resistance lies at $0.455 and $0.48, while trading volume at $148 million reflects steady market activity. The RSI at 46.93 suggests potential for a rebound if support holds and buying pressure increases.
Bitcoin, Hedera, and Stellar are showing distinct trends in the market. Bitcoin remains steady, Hedera focuses on expanding institutional adoption, and Stellar tests key support levels to drive potential recovery.
