Bitcoin, Ethereum, Dogecoin Lift As Traders Anticipate ‘Golden Crypto Era’ Under Trump: Top Analyst Says 2025 Will See Bull Market Peak

Leading cryptocurrencies edged higher Thursday as traders returned from New Year’s break with bullish optimism.

What Happened: Bitcoin surged to $97,700 late afternoon as upward volatility returned to the market. The leading cryptocurrency lost steam since the $100,000 tease on Christmas, but the latest uptick has taken its weekly gains into the green

Ethereum almost touched $3,500 in the morning before retreating to the $3,500 zone.

The market has high expectations that the incoming Donald Trump administration will bring a golden era for cryptocurrencies.

Cryptocurrency liquidations hit $175 million in the last 24 hours, with nearly $83 million in upside bets getting wiped out.

Bitcoin’s Open Interest rose by 0.99%, while Ethereum witnessed higher speculative interest with a 3% jump in funds locked in unsettled derivatives.

The percentage of traders placing long positions on Bitcoin dropped from 62% to 54% in the last 24 hours, according to Long/Short Ratio.

That said, markets became …

Full story available on Benzinga.com