Leading cryptocurrencies ticked higher on New Year’s Day as investors combined the festive spirit with some risk-taking.
| Cryptocurrency | Gains +/- | Price (Recorded at 7:30 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +1.24% | $95,016.06 |
| Ethereum (CRYPTO: ETH) |
+1.02% | $3,384.66 |
| Dogecoin (CRYPTO: DOGE) | +4.92% | $0.3332 |
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