A Week of Action in the Crypto Market
We wish you a prosperous New Year filled with success and opportunities in the crypto market and beyond! Here’s to a 2025 full of growth and achievements.
Welcome to our exciting weekly roundup in the dynamic world of cryptocurrencies! This Monday, December 30, 2024, at 9:00:05 AM EST (3:00:05 PM CET), we will analyze the prices of the top 10 cryptocurrencies, as reported by CoinMarketCap, and forecast how the market might evolve throughout the week. On Friday, January 3, at 6:00:02 PM EST (12:00:02 PM CET), we’ll compare these prices to the closing figures to identify market trends and fluctuations
| CRYPTO | INITIAL | % CHANGE | FINAL |
|---|---|---|---|
| BTC | $93,499.50 | 5.56% | $98,701.82 |
| ETH | $3,403.50 | 6.39% | $3,621.09 |
| SOL | $193.06 | 12.45% | $217.09 |
| BNB | $699.53 | 1.97% | $713.31 |
| XRP | $2.08 | 19.04% | $2.47 |
| DOGE | $0.31 | 21.05% | $0.38 |
| ADA | $0.87 | 19.62% | $1.04 |
| AVAX | $36.56 | 14.69% | $41.9 |
| TON | $5.58 | 3.69% | $5.79 |
Bitcoin Targets $120K in January with $45B in Stablecoins on Binance
Bitcoin is set for a potential rally to $120,000 in January, backed by $45 billion in stablecoin reserves on Binance. After a 10% correction from its December high, analysts predict a breakout, driven by optimism around U.S. President-elect Trump’s inauguration. However, profit-taking could cause short-term corrections. Key factors to watch include ETF inflows, the stock market, and FTX repayments on January 3.
2025: The Best Year Yet for Crypto, Says Steno Research
Steno Research predicts 2025 will be a record-breaking year for crypto, with Bitcoin reaching $150,000 and Ether hitting $8,000. The report also anticipates an imminent altcoin season, driven by favorable regulations, declining interest rates, and strong posthalving trends. The stage is set for historic highs across the market.
KuCoin Launches Crypto Payment System for Seamless Transactions
KuCoin has unveiled KuCoin Pay, a point-of-sale system enabling users to make purchases directly using their exchange balances. Supporting 54 cryptocurrencies, including Bitcoin, Ether, Tether, and USD Coin, this tool allows merchants to integrate crypto payments and simplifies transactions with QR codes or the KuCoin app. KuCoin aims to expand merchant opportunities and promote broader crypto adoption through this streamlined checkout solution
Bitcoin Hashrate Hits 1,000 EH/s, Doubling in a Year
Bitcoin’s hashrate hit a record 1,000 EH/s on Jan. 3, doubling from January 2024. Despite halving rewards to 3.125 BTC, miners continue to expand capacity, signaling confidence in Bitcoin’s security and future growth.
Solana ETF Likely in 2025, Says VanEck Research Head
The chances of a Solana ETF listing in the US this year are higher than Polymarket’s optimistic 84% forecast, according to VanEck’s Matthew Sigel. Industry optimism has grown following pro-crypto President-elect Donald Trump’s election win, with his vision to make the US the “crypto capital of the world.” Prediction markets reflect increasing confidence in expanded crypto ETF approvals.
Sources
https://cointelegraph.com/news/bitcoin-120k-january-effect-binance-stablecoin-reserve-45b
https://cointelegraph.com/news/2025-crypto-best-year-yet-steno-research
https://cointelegraph.com/news/ku-coin-pay-qr-crypto-payment-system
https://cointelegraph.com/news/bitcoin-hashrate-all-time-high-january-2025
https://cointelegraph.com/news/van-eck-research-head-tips-2025-solana-etf-highly-likely
