Bitcoin, Ethereum, Dogecoin Begin New Year On A Healthy Note: Analyst Says This Blue Chip Crypto Can Witness ‘Good Amount Of Action’ In Early 2025

Leading cryptocurrencies ticked higher on New Year’s Day as investors combined the festive spirit with some risk-taking.

What Happened: Bitcoin surged past $95,000 while Ethereum almost crossed $3,400 as the world bid goodbye to 2024 and welcomed 2025

The leading cryptocurrency concluded the fourth quarter of 2024 with gains of 47.73%, lower than 2023’s figures of 56.9% and significantly below the quarterly average of 85.42%.

Ethereum, on the other hand, returned 28.34%, which was greater than the quarterly average of 23.85%.

Otherwise, the final quarter of 2024 was historic, with Bitcoin embarking on a record-breaking bull run that pushed its price past $100,000.

Bitcoin’s Open Interest rose 1.14% in the last 24 hours to $57.71 billion. The total money locked in Bitcoin’s derivatives market spiked 68% in the fourth quarter.

More than 60% of speculative traders on Binance took …

Full story available on Benzinga.com