On-chain analytics provider Santiment data published its January report, looking back at the performance of major cryptocurrencies like Bitcoin BTC/USD, Solana SOL/USD and XRP XRP/USD.

What Happened: January brought extreme volatility to crypto, largely fueled by the inauguration of Donald Trump as the 47th U.S. president.

His pro-crypto stance, including proposals for a national Bitcoin reserve, initially boosted market confidence.

Bitcoin And Altcoins

Bitcoin hit a new all-time high of $109,300 just before his inauguration but has since retraced to $102,600.

Despite this modest decline, panic has emerged among traders, as the excitement over Trump's new tenure waned and the true commitment to pro-crypto policy will still be tested.

Bitcoin's lowest sentiment of 2025 came after it dropped below $100,000, sparking fear on social media.

XRP: Notable Strong Performer

XRP is trading 51% higher over the past 30 days, notably stronger than other altcoins.

Bullish factors include Ripple Labs' regulatory approval for its RLUSD stablecoin and Ripple’s partnership with Ondo Finance.

Also Read: ‘Asia’s MicroStrategy’ Metaplanet Targets 21,000 Bitcoin Holdings By End Of 2026

Ethereum and Solana

While Ethereum ETH/USD is struggling with declining sentiment, trading around $3,100.

Solana saw its lowest sentiment in a year after dropping 18% on Jan.19 before rebounding.

A rebound to $250 would trigger positive sentiment again.

Other Developments

The Bitcoin ETF Anniversary on Jan. 23 saw $7.9 billion in trading volume, the highest level in 10 months.

MicroStrategy continues to accumulate Bitcoin but prices may drop if sentiment does not improve in the near future.

What's Next: Looking ahead to February, Santiment believes the sector is ahead of a bright future.

If BTC moves sideways or trends lower, traders may look to accumulate altcoins at discounted prices.

Read Next:

• Bitcoin Drop To $95,000 Could Be Imminent, Analyst Warns

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