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    MarketForces Africa » Cryptocurrency » ETH, XRP, TRX Boost Crypto Market Cap to $3.06 Trillion
    Cryptocurrency

    ETH, XRP, TRX Boost Crypto Market Cap to $3.06 Trillion

    Julius AlagbeBy Julius AlagbeJanuary 3, 2026Updated:January 3, 2026No Comments2 Mins Read
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    ETH, XRP, TRX Boost Crypto Market Cap to $3.06 Trillion
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    ETH, XRP, TRX Boost Crypto Market Cap to $3.06 Trillion

    Ethereum (ETHUSD), XRP, BNB, SOL, and TRX, among other altcoins, drove momentum in the cryptocurrency market on Saturday, lifting the market value of all digital assets to $3.06 trillion.

    Trading data from CoinMarketCap.com showed that global crypto market capitalisation increased by 1.16% over the last 24 hours on improved sentiments.

    The positive price movement seen was driven by altcoin momentum, though some levels of profit-taking activities were observed during early trading hours.

    Crypto analysts expect momentum to persist as Ethereum’s record network activity and progress toward U.S. crypto legislation boost sentiment.

    Bitcoin (BTCUSD) is struggling to retake $90k, but Ethereum has surpassed the $3k resistance level. BNBUSD is trading higher, while XRPUSD continues its uptrend.

    The rally has extended cryptocurrencies’ 3.82% weekly gain, with crypto market capitalisation settling near $3.06 trillion on Saturday. Analysts said cryptocurrency market gains reflect a mix of Ethereum’s fundamentals, altcoin speculation, and regulatory optimism.

    Crypto analysts said traders should monitor XRP’s ETF inflows, ETH’s Glamsterdam upgrade in 2026, and CLARITY Act amendments.

    XRP surged 8% to overtake BNB as the fourth-largest crypto, fuelled by $4.26 billion in 24h volume and $1.2 billion in spot ETF inflows since late 2025. Bitcoin dominance dipped slightly to 58.55% (from 58.98% yesterday), hinting at capital rotation into altcoins.

    Traders are betting on regulatory clarity for XRP post-Ripple’s legal battles and altseason narratives. The CMC Altcoin Season Index rose 56% weekly.

    Ethereum hit all-time highs in weekly transactions totalling 1.87 million and active addresses (728,904), per CryptoQuant, driven by DeFi, NFTs, and stablecoin usage. Sustained utility growth counters “ETH is dead” narratives as institutions added ETH to treasuries.

    NB Chain utility token surged after becoming the primary trading pair for USD1 stablecoin, processing $29.9B volume since May 2025. Trump-linked World Liberty Financial’s $800K investment renewed confidence.

    Memecoins (Useless) and infrastructure tokens (BUILDon, MYX) lead bullish momentum amid weak Bitcoin dominance (-1.4% MoM). Traders favor narrative-driven assets with whale backing, but diverging technicals warn of pullback risks. Tech Stocks Nvidia, Alphabet Drag Global Equities Markets

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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