Bitcoin Surges Past $105,000 While Terra Luna Classic Eyes Partnership  

• The world’s most popular virtual currency Bitcoin breached the $105,000 mark and was trading near its record high of $108,200. 
• Terra Luna Classic made waves after Cardano CEO, Charles Hoskinson, said he was willing to partner up for a possible integration with DeFi scalability. 
• The unlock of 62.25 million coins by Avalanche in the next few days could cause a bullish breakout for the token in the market. 

The digital currency market was in the spotlight this week, with Bitcoin trading at above $105,000 on Sunday, January 19 as it sought to hit a new high of $108,200. The rally came as the broader crypto market had been buoyed by a more positive outlook following the release of core consumer price index (CPI) figures from the US. Besides, major cryptocurrencies like Solana and meme tokens like the Official Trump coin also produced considerable price fluctuations and became the focus of investors. 

Terra Luna Classic (LUNC) has become one of the most popular coins in the market after Charles Hoskinson, the founder of Cardano, showed interest in the project. Hoskinson shared plans to improve the scalability of Cardano and integrate Bitcoin DeFi into the Cardano network on social media on Saturday. Another fan proposed a collaboration with LUNC and Hoskinson agreed that it was viable, this quickly got the community hyped. 

Since hitting its December highs, Terra Luna Classic has fallen by 50%, and collaboration might help give the token the boost it needs. At the time of writing this article, the token is trading below important support levels and the 50-day moving average, and is subject to further decline. However, renewed interest could help stabilize the token’s trajectory. 

Avalanche’s Token Unlock Sparks Market Interest 

Avalanche (AVAX) has captured the market’s attention as it prepares for a significant token unlock event. A total of 62.25 million AVAX tokens will be introduced into circulation, potentially affecting the staking yields and overall market sentiment. 

The token has seen a pullback in recent days, falling to $36.95, its lowest price since January 14. Despite this, technical indicators suggest a potential recovery, with a falling wedge pattern forming on its daily chart. Analysts believe a bullish breakout could drive the token’s price back to December highs of $55.7, representing a 52% surge. 

Meme Coins and Altcoins Continue to Surge

The broader market is also seeing the rise of meme coins and lesser-known altcoins. The Official Trump coin gained traction, becoming the second most significant meme coin after Dogecoin. Other tokens like Solana, Raydium, Jupiter, and others have also seen significant upticks, as investors continue to flock to the meme token space. 

While the cryptocurrency market grows, attention is still paid to the major players including Bitcoin, Terra Luna Classic, and Avalanche. Market participants will be more interested in the effects of the token unlock of Avalanche and the progress of the LUNC partnership with Cardano in the next few days.