Cryptocurrencies started the new year with a bullish rally fueled by optimism about 2025. Bitcoin (BTC) led the way, erasing losses from the previous week by surpassing $95,000 for the first time this year. Crypto Market Soars as Bitcoin Rises Above $95,000; XRP Leads Gains Amid South Korea Trade Surge XRP has emerged as the star-performing altcoin among major tokens, up 11% as of Thursday. This rise was driven by unusually high trading volumes coming from South Korea, particularly the UpBit exchange, where $1.3 billion worth of XRP changed hands. Historically, such activity has typically preceded significant price swings with an upward trend. Other major tokens also recorded impressive gains: Cardano (ADA), Solana (SOL), and Chainlink (LINK) are up by up to 8%. Ethereum (ETH) and BNB Chain (BNB) rose by 3%. Memecoin Dogecoin (DOGE) and Shiba inu (SHIB) gained 5%. Key Drivers Behind the Rally Political and Regulatory Optimism Expectations that new US President Donald Trump will form a crypto-friendly administration have stimulated the markets. His campaign promises include policies to support cryptocurrency adoption and the establishment of a strategic Bitcoin reserve that energizes market participants. *This is not investment advice. Continue Reading: Cryptocurrency Market Started 2025 with a Rise! These Major Projects Prioritize the Rise! Here Are the Details
