Major cryptocurrencies rose on New Year’s Day as investors combined celebratory spirit with risk-taking.
| Cryptocurrency | Earnings +/- | Price (recorded at 7:30 p.m. ET) |
| Bitcoin BTC/USD | +1.24% | $95,016.06 |
| Ethereum ETH/USD |
+1.02% | $3,384.66 |
| Dogecoin DOGE/USD | +4.92% | $0.3332 |
What happened: Bitcoin exceeded $95,000 while Ethereum Almost surpassed $3,400 as the world bids farewell to 2024 and welcomes 2025
The leading cryptocurrency concluded the fourth quarter of 2024 with gains of 47.73%, lower than 2023 figures of 56.9% and significantly lower than the quarterly average of 85.42%.
Ethereum, on the other hand, returned 28.34%, which is higher than the quarterly average of 23.85%.
Otherwise, the final quarter of 2024 was historic, with Bitcoin embarking on a record bull run that pushed its price past $100,000.
Bitcoin’s open interest increased by 1.14% over the past 24 hours to $57.71 billion. Total money locked in the Bitcoin derivatives market soared 68% in the fourth quarter.
More than 60% of speculative traders on Binance took bullish positions on Bitcoin, according to the Long/Short Ratio
Market sentiment remained in the “Greed” zone, according to the Crypto Fear & Greed Index.
Top winners (24 hours)
| Cryptocurrency | Earnings +/- | Price (recorded at 7:30 p.m. ET) |
| Stellar (XLM) | +32.67% | $0.4493 |
| IOTA (IOTA) | +23.49% | $0.3531 |
| Virtual protocol (VIRTUAL) | +22.77% | $4.83 |
The global cryptocurrency market capitalization stood at $3.33 trillion, following a 1.89% increase over the past 24 hours.
Stock futures fell slightly on the first evening of 2025. Dow Jones Industrial Average Futures fell 28 points, or 0.07%, as of 7:45 p.m. EDT. Futures contracts linked to S&P500 slipped 0.04%, while Nasdaq 100 Futures Contracts added 0.05%.
Trading will resume on Thursday after the New Year holiday. Investors will monitor weekly jobless claims data to gauge the labor market.
See more: Best Cryptocurrency Scanners
Analyst Ratings: Influential cryptocurrency analyst Ali Martinez highlighted the importance of $88,000 as a support level for Bitcoin.
“If Bitcoin falls below $88,000, the next major support level will be at $71,000, according to MVRV price ranges,” Martinez warned.
Widely Followed Cryptocurrency Investor Daan Cryptocurrency Transactions drew attention to Ethereum’s historically strong performance in the first quarter.
“ETH typically sees a good amount of action in the first quarter. Even in recent years when trending down versus BTC,” the analyst remarked.
“During the previous bull cycle, 2020 and 2021 saw significant movements for the ETH/BTC ratio, which also kicked off an alternative season.”
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