Bitcoin rebounded to near $96,000 after recent volatility, recovering from a low of $93,000. Its market capitalization reached $1.9 trillion, while altcoins surged. XRP rose 12% to $2.38 and XLM led with a 22% gain to $0.42. Ethereum reclaimed $3,400 and the total crypto market cap increased by $130 billion to $3.53 trillion. Looks like the New Year energy has arrived.
SUMMARY
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Bitcoin jumps 111% in 2024, but analysts warn of a 30% drop in January
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Solana kicks off 2025 strong with 11% rise and potential boost for ETF
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AI-focused ZEREBRO sees 9,000% uptick but could face decline
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NFT sales reach $8.8 billion, with Ethereum and Bitcoin leading despite market volatility
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The Meme Coin market is growing 500%, driven by social media hype and celebrity support.
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Solana-Based Pump.fun Platform Earns $14M in 2024 Amid Coin Surge
BITCOIN DOMINANCE AND CRYPTO SENTIMENT
CRYPTO HEATMAP
CAP. CRYPTO MARKET
NUMBERS FOR NERDS
WATCH LIST
MAIN PARTS BY MARKET CAPACITY
POLYMARKET NEWS
WTF NEWS
Bitcoin saw an impressive 111% gain in 2024, from $42,000 to nearly $96,670, following a 155% increase in 2023. However, analyst Benjamin Cowen warns that Bitcoin could face a 30% drop % in January, based on past trends, which could push the price higher. up to $77,700. This follows a similar trend seen over the past few years, although Bitcoin already saw a 15% decline in December, which some believe could mean the January correction has already occurred. Looking ahead, analysts predict that Bitcoin could reach $150,000 by 2025 and $740,000 by 2028, due to factors such as favorable US regulations.
Solana (SOL) surged 11% in the last 24 hours, surpassing the $200 mark to start 2025 on a high note. The price rose from $187 to $207.76, with a trading volume of $3.68 billion. Solana faces resistance at $219, with higher levels at $246 and $264, while support is expected at $175. Additionally, the prospect of a Solana ETF has gained momentum, with several companies seeking approval and analysts projecting a 77% chance of approval this year, which could further increase SOL’s price.
Sherpa Altcoin warns that ZEREBRO, an AI-driven crypto asset up over 9,000% in two months, is set to experience a pullback. It suggests entries around $0.40 after a correction, with $0.50 acting as resistance. At the time of writing, ZEREBRO is trading at $0.54. Sherpa is also bullish on Hyperliquid (HYPE), advising a dollar cost averaging strategy between $25 and $30, with a target of $50 and above. Additionally, he notes that many memecoins like MOODENG, CHILLGUY, and PNUT could rise or fall dramatically.
Jason Pizzino, crypto analyst warns that Bitcoin is likely to face further declines, with a key support level at $91,750. If Bitcoin falls below this threshold, it could fall to around $80,000, potentially reaching between $83,500 and $82,000. A decline below $85,000 would indicate a weak market, and if it falls below $73,000 – $74,000 it would signal additional concerns. Pizzino suggests that the recent uptrend may require a longer recovery period, with Bitcoin currently trading at $93,360.
Analyst Benjamin Cowen warns of a potential Bitcoin correction in early 2025, referencing historical trends where Bitcoin saw a 30% decline in January in post-halving years, such as 2021 and 2017. However, This year, Bitcoin has already seen a 15% decline in December, leading some to believe that the correction could have already taken place. Cowen suggests that the correction could take Bitcoin back to around $77,712, which is the 20-week moving average. He also highlights the influence of rising 10-year yields as a possible factor in December’s decline. Bitcoin is currently trading at $94,584.
The meme coin market saw explosive growth in 2024, with its market capitalization jumping 500% from $20 billion in January to over $120 billion in December. This rise was driven by social media hype, celebrity endorsement, and strong community support, with key players like DOGE, SHIB, and PEPE leading the way. DOGE thrived with the support of Elon Musk, SHIB grew with Shibarium, and PEPE gained momentum with its distinct brand. AI-themed coins have also emerged, blending meme culture and utility, fueling further expansion. DWF Labs noted that memecoins represent a fundamental shift in value creation, evolving from satire to a significant vertical market attracting substantial capital. The company highlighted how crypto infrastructure has democratized access to capital markets, enabling the rapid creation and distribution of digital assets. While the sector’s market capitalization currently stands at $102.6 billion, December saw a decline of $45 billion. By 2025, trends such as animal-themed, agent-themed, and themed memecoins are expected to gain traction.
Pompe.funa Solana-based coin platform, started 2024 with $14 million in revenue on January 2, driven by a surge in coins. He earned SOL72,506 in fees, his highest daily income ever. As of December 2024, it dominated Solana-based decentralized exchange transactions, holding 52.8% market share. Despite controversies, including a 66% drop in revenue due to harmful content and scrutiny from the UK’s Financial Conduct Authority, Pump.fun remains popular for generating substantial profits for traders. However, some predict that AI agent tokens could overtake meme coins in 2025.
NFT sales reached $8.8 billion in 2024, a slight increase of 1.1% from the previous year. Ethereum and Bitcoin led the market with $3.1 billion in sales each, while Solana generated $1.4 billion. Despite a seven-month slowdown and a decrease in speculative interest, the market rebounded in October, gaining momentum in December with sales of $877 million. Key collections like Pudgy Penguins thrived and platforms like Magic Eden introduced tokens. However, challenges remained, including oversaturation and a shift from speculative trading to utility-focused applications. Market resilience will be tested in 2025 as platforms adapt to changing investor sentiment.
As the crypto world shows strength in the face of volatility, established assets like Bitcoin and emerging players like Solana and meme coins continue to captivate investors. Despite the challenges, the sector remains dynamic and full of opportunities. 2025 promises more innovation and growth. Stay interesting my friends.
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