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Just looking back at that crazy January rally we had - Bitcoin was climbing hard back then, hitting around $94,400 and getting close to the $95K mark everyone was watching. But honestly XRP was the real story that month, jumping 9% and breaking through some key resistance levels. That move caught a lot of people's attention, especially when you looked at the distribution of top XRP holders by percentage - there was definitely some concentrated positioning driving that squeeze higher.
What's wild is how the whole crypto sector moved together that week. Tech stocks tied to crypto were flying - Coinbase got that Goldman upgrade and shot up, some of the smaller names like the mining plays were up double digits. Even the traditional markets were having a good day with the Dow up over 1%.
But yeah, looking at where we are now in April, Bitcoin's still grinding around the mid-$70Ks and XRP pulled back to the $1.30s. That January momentum didn't quite stick the way people thought it would. One analyst back then said Bitcoin wasn't out of the woods yet - turned out he was right. The real test was always going to be whether it could hold above $100K and build from there. Guess we're still waiting on that.