Leading cryptocurrencies jumped on Monday, driven by corporate Bitcoin purchases and a fresh bullish price prediction for 2025.
| Cryptocurrency | Gains +/- | Price (Recorded at 7:45 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +3.92% | $102,256.53 |
| Ethereum (CRYPTO: ETH) |
+1.44% | $3,684.22 |
| Dogecoin (CRYPTO: DOGE) | +2.56% | $0.3899 |
What Happened: Bitcoin soared above $100,000 for the first time since Dec. 19, ending weeks of choppy price action just below the key level.
The rally was bolstered by MicroStrategy Inc. (NASDAQ:MSTR) and Metaplanet, popularly referred to as “Asia’s MicroStrategy,” as both companies acquired more Bitcoin for their reserves.
Additionally, Bernstein painted a $200,000 target for Bitcoin by the end of 2025, contributing to the rally.
Ethereum broke out above $3,600, reaching $3,739 for the first time in over two weeks.
More than $221 million was liquidated from the cryptocurrency market in the last 24 hours, with $133 million in downside bets getting wiped out.
That said, more than $1 billion in long positions risked liquidation if Bitcoin fell to $97,720.
Bitcoin’s Open Interest soared 16.52% in …
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