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Cryptocurrencies extended their gains during Friday's trading, amid a collective upward wave led by Bitcoin, which exceeded the $100,000 level.
Cryptocurrencies had witnessed strong fluctuations during the first week of January 2025, due to the increasing possibility of the US Federal Reserve cutting interest rates at a slow pace after data showed the strength of the US economy.
Cryptocurrency enthusiast Robert Kiyosaki predicted, via his account on the "X" platform, that the price of Bitcoin would reach $250,000 during the current year, calling on investors to buy more of the world's most famous digital currency.
During today's session, the price of Bitcoin rose by about 1.62% to exceed the important psychological level of $100,000, as it was traded at $101,226 thousand
Arincen - Expectations for a significant rise in Bitcoin's price in 2025 are increasing, as half of the participants in a survey conducted by Hashkey Group expect the digital currency to exceed $300,000 this year, supported by the increasing adoption of cryptocurrencies by major institutions. According to Jeff Kendrick, Head of Global Research for Digital Assets at Standard Chartered Bank, Bitcoin could reach $200,000 by the end of 2025, thanks to the emergence of exchange-traded funds (ETFs) and the expansion of corporate treasury diversification. Analysis from ARK Invest showed that 62% of the circulating supply of Bitcoin has not moved for over a year, reflecting long-term investor confidence.
Ripple increased by 12% amid strong trading activity
Ripple was trading within the pair $ at a price of 2.8664 at 16:31 (13:31 GMT) on the Investing.com Index platform on Wednesday, where it rose by 12.28% on a daily basis, marking the highest daily increase since.
This upward movement pushed Ripple to record a market value higher than $159.8036B, or 4.76% of the total market value of digital currencies, at the benchmark level, where Ripple's market value reached $155.2807B.
Cardano was trading within the $ pair at a price of 1.0033 at 21:19 (18:19 GMT) on the Investing.com Index platform on Tuesday, where it rose by 10.01% on a daily basis. This recorded the highest daily increase rate since.
This upward movement pushed Cardano to record a market value higher than $34.7957B, or 1.04% of the total market value of digital currencies, and at the peak level, where the market value of Cardano was $94.8001B.
The price of Bitcoin has risen at the end of the US session, and Bitcoin is currently trading at $96,462.6, up by 3.14% in the last 24 hours. The market capitalization is now $1.91 trillion according to Investing data, and Bitcoin still holds the highest dominance with a market share of 57.3%, followed by Ethereum with a market share of 11.6%. It is noted that based on today's closing price, Bitcoin has risen by 0.4% in the last seven days, while the most famous altcoin, Ethereum, has dropped by -4.82% in the last seven days.