Cryptocurrency Market Started 2025 with a Rise! These Major Projects Prioritize the Rise! Here Are the Details

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Bitcoinsistemi2025/01/02 09:22

By:Utku Yanık

Bitcoin (BTC) surpassed $95,000 for the first time this year, erasing losses from the previous week and leading the rally.

Cryptocurrencies started the new year with a bullish rally fueled by optimism about 2025. Bitcoin (BTC) led the way, erasing losses from the previous week by surpassing $95,000 for the first time this year.

Crypto Market Soars as Bitcoin Rises Above $95,000; XRP Leads Gains Amid South Korea Trade Surge

XRP has emerged as the star-performing altcoin among major tokens, up 11% as of Thursday.

This rise was driven by unusually high trading volumes coming from South Korea, particularly the UpBit exchange, where $1.3 billion worth of XRP changed hands.

Historically, such activity has typically preceded significant price swings with an upward trend.

Other major tokens also recorded impressive gains:

Cardano (ADA), Solana (SOL), and Chainlink (LINK) are up by up to 8%.

Ethereum (ETH) and BNB Chain (BNB) rose by 3%.

Memecoin Dogecoin (DOGE) and Shiba inu (SHIB) gained 5%.

Key Drivers Behind the Rally

Political and Regulatory Optimism

Expectations that new US President Donald Trump will form a crypto-friendly administration have stimulated the markets.

His campaign promises include policies to support cryptocurrency adoption and the establishment of a strategic Bitcoin reserve that energizes market participants.

*This is not investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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