#BitcoinHashRateSurge
Bitcoin Surges Back Above $100,000 as Crypto Rally Continues in Early 2025 Major altcoins including ether and solana also rose sharply as U.S. markets opened in the first full week after the holidays, with the broad-based CoinDesk 20 advancing 3.5% for the day.
What to know:
Bitcoin surged to near $102,000 on Monday, reclaiming its six-digit price for the first time since Dec. 19 and starting 2025 strong following the holiday lull.
10x Research noted that the crypto rally will likely extend into Trump's inauguration, but momentum may falter toward the end of the month as the hawkish Federal Reserve remains a key risk.
Bitcoin (BTC) price returned to six-digit territory as the largest cryptocurrency extended its early-2025 rebound on Monday.
BTC advanced toward $100,000 during the trading session, then sharply surpassed the threshold, rising 2.5% in an hour when traditional U.S. markets opened. It was recently trading at around $102,000, its highest level since Dec. 19 and up 4.3% over the past 24 hours.
The CoinDesk 20 benchmark index rose 3.5% over the same period, with all top twenty cryptocurrencies posting positive returns. Ethereum’s ether (ETH) rose 2.8% to $3,700, while Solana’s SOL gained 4.5% to above $220.
Bitcoin and the broader cryptocurrency market ended 2024 with a correction, paring some of the gains from the massive rally since Donald Trump’s election victory as investors took profits. Prices and trading volumes declined during the holiday lull, alongside outflows from BTC and ETH exchange-traded funds into spot. BTC hit a local low near $91,000 on Dec. 30, a nearly 15% retracement from its all-time highs.
Demand returns as leverage remains low
As the first full work week of the year kicked off and traders returned to their desks after the holiday season, corporate BTC buying headlines continued. MicroStrategy announced the purchase of another 1,020 BTC on Monday, while Texas-based energy management firm KULR Technology Group added $21 million worth of BTC to its treasury, doubling its holdings.
