The cryptocurrency market started 2025 on a bullish note, with most major coins showing gains. Bitcoin led the charge, surpassing the $95,000 mark on global exchanges, while altcoins followed suit with notable increases.

Bitcoin Surges Past $95,000

On January 2, Bitcoin’s price saw a 1.72% increase, reaching $95,130 on international platforms, according to CoinMarketCap.

• Market analysts highlight cautious optimism, with limited downside risks.
• Critical resistance for Bitcoin remains near the $98,000 mark.

Avinash Shekhar, Co-Founder and CEO of Pi42, commented:

“Bulls are defending key levels for Bitcoin, signaling optimism for 2025. However, challenges persist near $98,000.”

Ethereum Joins the Uptrend

Ethereum also reflected profits, trading at $3,388 globally.

• Despite gains, Ethereum faces bearish pressure due to reduced whale activity and increased sell-offs by derivatives traders.
• Improved funding rates and ETF inflows signal a potential recovery above $3,500.

Shekhar added:

“Ethereum has room to rebound, especially if ETF inflows continue and market conditions stabilize.”

Altcoins See Gains

According to the Gadgets 360 Crypto Price Tracker, the majority of altcoins were also on the profit-making side, reflecting the broader market's positive sentiment.

Outlook for 2025

The new year has started with bullish momentum for the crypto market, with Bitcoin leading the way. If critical resistance levels are broken, further price surges for Bitcoin and Ethereum could bolster confidence across the crypto space.

The market remains cautious, yet optimistic, as investors keep an eye on macroeconomic factors and technological developments shaping the future of cryptocurrencies.