In the crypto markets, the combined value of all assets was $3.26 billion. The year 2024 saw a shift in momentum for Bitcoin, Ethereum and other assets. This was influenced by the US elections, Bitcoin spot ETF approval and changing crypto regulations.
On Jan. 1, 2025 the top 10 tokens and coins will be largely the same as they were a year ago. Avalanche fell out, and TRON replaced it. Others like BNB or XRP also changed places. Dogecoin fell from its seventh position to tenth place, making it the second largest loser.
The crypto markets will start in 2025
Bitcoin reached $100,000 in December for the first-time, gaining attention following the US election of November, which led to a price spike. That rally pushed Bitcoin’s peak above $108,000 before a retracement brought it closer to $93,000 as the year concluded.
Ethereum, the second most valuable asset in December, traded at around $3,300, with a $400 billion market cap.
Bitcoin dominance approached 57%, while Ethereum’s share fell to around 12%. Tether’s market capitalization of $137 billion is a new record. It retains its top position globally as the most popular stablecoin. BNB hovered at around $706 and XRP was near $2.13. This is due to speculations about institutional adoption.
Solana traded around $190, and Dogecoin closed near $0.31 after a year of meager social media endorsements and market swings linked to Elon Musk’s new government role. USDC ranked eighth with a $43 billion market cap, which is three times less than Tether. Cardano occupied the ninth and 10th spots at $0.84, and Tron was near $0.25.
Many observers regarded 2024 as pivotal for digital assets, with Bitcoin’s climb above the six-figure mark attracting retail and institutional attention. During this period, there were also some corrections. Bitcoin’s price dropped back to the $40k range and several other top tokens saw similar movements. As broader markets continue to respond to election outcomes, monetary policies, and Trump’s inauguration in January, traders monitor liquidity, derivatives activity, and protocol upgrades to gauge potential upticks.
The year closed with traders watching for new highs after Bitcoin’s fluctuation between $100,000 and $92,000. Ethereum was the most popular smart contract platform in terms of market capital, while stablecoins were still in high demand. Altcoins including XRP (XRP), BNB, Solana (Solana), Dogecoin (Dogecoin), Cardano and Tron all held their positions or increased them.
Bitcoin price predictions suggest that the peak will be in 2025. $180,000 You can also find out more about the following: $200,000, Institutional analysts have a different view. The world is now watching Jan. 20 to see if a Bitcoin Reserve will be implemented and if new SEC leadership can spark a massive altcoin market.
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