Bitcoin is holding just below $97,000, while Ethereum has dipped back under $3,400. Despite these minor pullbacks, the first week of January has been largely bullish for the cryptocurrency market, recovering from the fade seen at the end of 2024.
Bitcoin price hovered just below the $97,000 mark on January 8, 2025, while Ethereum slipped back under the $3,400 level, according to data from Santiment. Despite these minor pullbacks, the first week of January was largely bullish for the crypto market, recovering from the fade seen at the end of 2024.
Altcoins Outperform with Strong Gains
Altcoins have been the standout performers so far in 2025, with Stellar (XLM) surging by 26%, Injective (INJ) climbing 24%, and Cardano (ADA) posting a 19% gain, all continuing their impressive weekly rallies.
As Bitcoin and Ethereum face resistance at around $97K and $3.4K respectively, investors are watching for signals to dictate the next move. The strong performance of altcoins, coupled with institutional activity in both Bitcoin and Ethereum, suggests a mix of optimism and caution. Reclaiming key levels like $100K for Bitcoin and $3.6K for Ethereum will be crucial for sustaining the bullish momentum into 2025.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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