Cryptocurrencies jump at the beginning of 2025, and Bitcoin rises again above $96,000

Cryptocurrencies rose at the start of the year, rebounding from recent losses as investor optimism returned to the market.

price Bitcoin It rose 2% to $96,711.71 on Thursday, bringing the new year’s gains to about 3% when accounting for trading from the Jan. 1 session.

the CoinDesk 20 The index, a measure of the broader cryptocurrency market, advanced 4%. The symbol associated with it SolanaPopularity Ethereum The competitor topped the gains with an increase of 7%. Crypto stocks Coinbase and Accurate strategy Each was up 4% as well.

This year is expected to be a great year for the cryptocurrency industry thanks to the more favorable regulatory environment promised by President-elect Donald Trump. Investors are hoping Congress will pass the first-ever cryptocurrency-focused legislation — which could center around stablecoins or market structure.

Traders are also keen to see public crypto equity markets open up with more initial public offerings and progress on the potential Bitcoin Strategic National Reserve.

Crypto assets have fallen through the end of 2024. Although the post-election rally that sent Bitcoin to new records above $100,000 has faded, the major cryptocurrency still finished the year up more than 120%. Long-term holders took some profits while others sold amid renewed uncertainty about the direction of interest rate cuts by the Federal Reserve in 2025.