#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