As of January 2, 2025, Bitcoin's dominance in the cryptocurrency market stands at approximately 55.55%, indicating that Bitcoin accounts for over half of the total market capitalization of all cryptocurrencies combined. citeturn0search3
Understanding $BTC coin Dominance
Bitcoin dominance is a key metric that reflects Bitcoin's share relative to the entire cryptocurrency market. A higher dominance percentage suggests that Bitcoin is outperforming altcoins, often during periods of market
Crypto news today and market update of January 2, 2025.
The cryptocurrency landscape is abuzz with significant developments as of January 2, 2025. Here's a concise overview of the latest happenings:
1. Regulatory Shifts in the U.S.
The crypto industry is optimistic about a favorable environment under President Donald Trump's administration. Trump has pledged to make the U.S. the "crypto capital of the planet" by drafting crypto-friendly regulations and creating a strategic bitcoin reserve. This has fueled a substantial rise in bitcoin pric
The year 2025 is shaping up to be one for the history books as the crypto bull run takes the market by storm! From Bitcoin to altcoins, the entire market is surging with renewed energy, driven by a combination of innovation, adoption, and global interest. 🌟 What’s Fueling the 2025 Bull Run? Bitcoin Halving Effect: The 2024 Bitcoin halving reduced miner rewards, leading to a supply crunch. Historically, halvings have preceded massive bull runs, and 2025 is proving no different as Bitcoin breaks
The crypto world is buzzing as Elon Musk, the tech billionaire and meme connoisseur, has once again flexed his influence on the market! This time, it's all about $PEPE , the meme-inspired cryptocurrency.
Elon recently changed his profile picture to none other than Pepe the Frog, the iconic internet meme that inspired the creation of $PEPE . His new profile name, "Kekius Maximus," has further fueled the hype, sending the $PEPE token skyrocketing 🚀📈.
💰 Market Highlights: Price Surge: PEPE piked over 16% within 24 hours, reaching new highs!Volume Explosion: Trading activity has gone through the roof, with millions of dollars in PEPE anging hands.Community Power: The PEPE y is stronger than ever, rallying behind Elon's nod to their favorite meme. 🌟 Why It Matters: Elon Musk has a proven track record of moving markets with a single tweet or profile update. His playful embrace of $PEP$PEPE forces the growing cultural and financial impact of meme tokens in the crypto space. 💡 What’s Next for $PEPE ? With Elon’s spotlight shining on the token, PEPE joying a surge of attention from investors and meme lovers alike. But as always, the crypto market is unpredictable, and investors should proceed with caution. Let’s see if #PEPE ues to ride this wave or if it’s just another chapter in the meme-coin mania. Either way, today belongs to the frogs! 🐸💚 #PEPEPUMP #Crypto #ElonMusk #Memecoins
"This is a perfect storm starting to brew with $XRP and where this technology is going." —@paulbarron
He further stated, — "Back in December trustlines started exploding because people started understanding what is going on. Along with that, you also have the $DEXE volume exploding, and you also have the active addresses continuing to increase."