On January 3rd, 2025, Bitcoin marked its 16th anniversary since the creation of its Genesis block, driving significant excitement in the cryptocurrency market, as per a report on Coinpedia. The leading cryptocurrency saw its price climb by 1.11%, reaching $96,635.50, and boosting its market capitalization to $1.91 trillion. This upward movement was supported by a substantial increase in intraday trading volume, which surged by 43.03% to $41.46 billion. Despite the sideways trend over the past year, Bitcoin's milestone anniversary has injected renewed momentum into the market, reflecting investor optimism and sustained interest in the flagship crypto asset.
Altcoins also experienced broad gains alongside Bitcoin's surge. Ethereum saw its price rise by 1.3% over the past 24 hours, reaching $3,449.92. Solana outperformed Ethereum with a 1.91% increase, bringing its price to $208.52, while XRP maintained its strength with a 1.38% uptick to $2.43. These positive movements highlight the overall bullish sentiment in the crypto market, as investors seek opportunities beyond Bitcoin. The Fear & Greed Index remained neutral at 57, indicating steady market sentiment without extreme fear or greed driving price movements.
Among the top performers, SPX led the gains with an impressive 23.23% increase, trading at $1.19. FARTCOIN and DeXe followed closely, rising by 17.39% and 14.34% respectively. Conversely, some assets faced declines, with VIRTUAL taking the largest hit, dropping 14.65% to $4.32. HYPE and PENGU also saw decreases of 10.05% and 5.83%. As European and American traders return from the holiday season, the market is witnessing a resurgence in activity, although the focus remains on potential adjustments and market diversification. With the upcoming presidential inauguration in the U.S. and ongoing integration of mainstream finance with cryptocurrencies, the outlook for the crypto market remains optimistic despite short-term uncertainties.
Read more: Crypto Market Outlook 2025: Top 10 Predictions and Emerging Trends