Movement (MOVE), Bitget Token (BGB) and Zcash (ZEC) Surge by Over 30% as Altcoins Rally on Christmas

Cryptocurrencies, including Movement, Bitget Token and Zcash, celebrated massive gains as Santa's gifts showed in significant price rallies on Dec. 25.

Cryptocurrencies had a holly jolly Christmas with a round of capital rotation into altcoins.

Fresh data from Christmas day showed that several crypto assets, including Movement, Bitget Token and Zcash, clocked double-digit gains.

Fresh capital poured into alts, with some recording gains of over 30%.

Among the top 100 coins by market capitalization, Movement (MOVE), Bitget Token (BGB) and Zcash (ZEC) led the gains, surging by over 31%, 18% and 9% respectively.

The broader altcoin gains helped the total crypto market capitalization hold above $3.5 trillion despite a 2% dip in 24 hours.

Crypto’s daily trading volume stood at $156 billion, BTC dominance at 54.5% and the crypto greed & fear index at 62.

This last metric showed that overall sentiment remained bullish amid a potential return to greater risk appetite.

Bitcoin bull and mastermind behind the MicroStrategy plan, Michael Saylor, shared his optimism.

There is no second-best Christmas gift.

Earlier, analysts at QCP Capital summed up the market outlook, stating that the next few weeks could see altcoins rally amid capital rotation.

“BTC remains range-bound below 100k, and history shows we might see the typical quarter-end volatility selloff post-expiry. But if BTC breaks through 100k, volatility could hold firm and spark fresh momentum. Meanwhile, altcoins could steal the spotlight. With #BTC dominance at 58%, a drop below this level might confirm a rotation into alts — similar to what we saw last month with ETHBTC bouncing off 0.032 support.”

QCP

MOVE, ZEC, and BGB tokens, as well as other standout performers on the day, included Fartcoin, Solana protocol Raydium, and Virtuals Protocol.

On the other hand, top losers in the past 24 hours included Hyperliquid, Stellar and Celestia.