The cryptocurrencies andxexperience a strong rebound this Thursday, with the bitcoin (BTC) and ethereum (ETH) rising up to 3.25%. Bitcoin currently exceeds $96,000, while Ethereum exceeds $3,400. In the last 24 hours, the Total market capitalization grew by more than 3.8%reaching 3.38 billion dollars.
Among alternative cryptocurrencies, the growth of XRP stands out, which increases more than 9.7% in the last 24 hours. According to various blockchain data providers, The origin of this rise is found in the high trading volumes coming from the South Korean exchange UpBit.
Other cryptocurrencies register considerable increases, such as Stellar up to 14%, followed by Cardano (10.8%) and Chainlink (10.4%).
Many analysts see this trend as indicative of what could happen in 2025 for digital assets. The arrival of Donald Trump to the White House could be a turning point for the sector, given that the new president of the United States left a prominent role for cryptocurrencies in his plans. Although Trump will take office on January 20, his influence is already leaving its mark, with bitcoin surpassing $100,000 at the end of last year.
The appointments of figures favorable to crypto assets, such as Paul Atkins and Scott Bessent, at the head of the SEC and the Treasury, respectively, generated an optimistic atmosphere in the market, which awaits the enactment of more favorable laws for cryptocurrencies. Besides, The creation of a strategic bitcoin reserve, one of Trump’s promises, fuels investor expectations.
Other news may be a good sign for cryptocurrencies in 2025
The optimism comes not only from Trump, but also from firms such as Galaxy and Bitwise, which foresee accelerated institutional adoption of cryptocurrencies, especially bitcoin, this year. Several states are expected to accept bitcoin as legal tender and companies such as Circle and Kraken are expected to go public, which could expand the presence of cryptocurrencies on global stock indices.
“In 2025, although optimism about cryptocurrency-friendly regulations grows after Trump’s inauguration, we believe that the main driver of the market will be the readjustment of asset allocations by the institutions in January. With bitcoin adopted by a wide range of institutions, allocations are likely to increase, consolidating bitcoin’s dominance,” QCP Capital said.
However, not all experts share this optimism. According to a report from 10x Research, the bitcoin bull market could be near its end. Markus Thielen’s team points out that, in the early phases of a bull market, prices tend to close near its monthly highs due to strong momentum. However, when the market begins to mature, prices usually rise at the beginning of the month, but then decline towards the end due to profit-taking by traders.s. Something similar happened in 2017, and according to these experts, the latest data suggests that bitcoin could face a short-term slowdown.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
