#2025Ready Here are the latest developments in the cryptocurrency market as of January 1, 2025:
Cryptocurrency market gains:
Bitcoin (BTC): It saw a slight increase of 1.59% in the past 24 hours, crossing the $94,000 barrier, and is currently trading at $94,030.
Ethereum (ETH): Its price rose by more than 3% in the past 24 hours, indicating signs of recovery towards the end of the year.
Cryptocurrency use in international trade:
Russia: Russian companies have begun using Bitcoin and other cryptocurrencies in international payments, following legislative changes that allowed this to be done in response to Western sanctions.
Investor expectations:
Michael Saylor conducted a survey that showed that the majority of respondents (39.3%) expect an annual return rate of 38% for Bitcoin over the next 21 years.
Fear and Greed Index:
The Fear and Greed Index for cryptocurrencies has risen to 66, indicating that the market is still in a “greedy” state.
Other developments:
Solana (SOL): saw a $1 billion increase in stablecoins in December, driven mainly by USDC.
Investment funds: Yuxing Technology announced the purchase of around 78.2 BTC worth around $6.3 million.
$BTC $BNB $SOL