The cryptocurrencies operate with slight changes this Friday, January 3, with Bitcoin (BTC) rising 0.2% in the last 24 hours. Thus, the leading token is currently close to US$97,000, while Ethereum (ETH) yields 0.1% and operates close to the US$3,500.
Among the top ten cryptocurrencies in terms of market capitalization, the advance of Cardano (ADA) stands out, which climbs 12.3% and exceeds US$1.
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
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