As of January 1, 2025, the global cryptocurrency market capitalization stands at approximately $3.25 trillion, reflecting a 0.91% decrease over the past 24 hours.
Bitcoin (BTC):
Price Range: Traded between $92,888 and $96,250 in the last 24 hours.
Current Price: Approximately $93,149, down 0.88%.
Top Performing Altcoins:
TROY: Up 11%.
PENGU: Up 10%.
ACT: Up 7%.
Notable Headlines:
X Platform to Launch Payment Feature 'X Money' in 2025: Aiming to integrate cryptocurrency payments into its ecosystem.
Syria Proposes Bitcoin Adoption: Seeking to combat inflation and stabilize the economy through cryptocurrency adoption.
Swiss National Bank's Bitcoin Proposal Gains Momentum: A move towards enhancing sovereign financial resilience.
Yuxing Technology Acquires Bitcoin Worth $6.3 Million: Signifying growing institutional interest in cryptocurrencies.
Cryptocurrency Fear and Greed Index Indicates Continued Market Greed: Suggesting sustained investor confidence.
CoinShares Predicts Bitcoin Price Swing: Forecasts a potential range between $150,000 and $80,000 by 2025, with long-term potential reaching $250,000, contingent on favorable regulatory policies.
San Francisco Fed's Daly Comments on Cryptocurrencies: Describes them as a unique asset class, distinct from traditional assets like gold.
IRS Introduces Temporary Relief for CeFi Exchange Users: Providing regulatory relief measures for centralized finance exchange users.
Jordan Approves Blockchain Policy: Aiming to enhance government services through blockchain technology.
Market Movers:
Ethereum (ETH): $3,322.06 (-1.94%)
Ripple (XRP): $2.097 (+1.30%)
Binance Coin (BNB): $701.81 (-0.40%)
Solana (SOL): $188.54 (-2.34%)
Dogecoin (DOGE): $0.31294 (-1.51%)
Cardano (ADA): $0.8423 (-2.05%)
TRON (TRX): $0.2534 (-0.59%)
Avalanche (AVAX): $35.14 (-2.77%)
Toncoin (TON): $5.416 (-2.75%)
Chainlink (LINK): $19.83 (-4.16%)
Additionally, the cryptocurrency market experienced liquidations totaling $22.39 million in the past hour, with long positions accounting for $21.85 million.
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Cryptocurrency investments carry risks; always conduct thorough research before making investment decisions.
