In 2024, the cryptocurrency market experienced shifting momentum influenced by factors such as the approval of Bitcoin spot ETFs, the US election, and evolving crypto regulation. The top 10 coins and tokens on January 1, 2025, remained largely the same, with TRON replacing Avalanche and some swapping in positions. Dogecoin fell three spots to tenth place.
Bitcoin reached a milestone in December by surpassing $100,000 for the first time. The US election played a role in a price surge that pushed Bitcoin to peak at over $108,000 before retracing to around $93,000 by the end of the year. Ethereum maintained its position as the second-largest asset, trading near $3,300 with a market cap of around $400 billion.
Bitcoin dominance approached 57%, while Ethereum's market share decreased to around 12%. Tether remained the top stablecoin globally with a record-high market cap of $137 billion. XRP and BNB traded at around $2.13 and $706 respectively. Solana traded at $190, Dogecoin at $0.31, USDC at $43 billion, Cardano at $0.84, and TRON at $0.25.
2024 was seen as a pivotal year for digital assets, with Bitcoin's climb attracting retail and institutional attention. The market experienced brief corrections but also saw several top tokens maintaining or gaining their position. Price predictions for 2025 suggest a Bitcoin peak of $180,000 to $200,000. The market is keeping an eye on the inauguration of Trump and the potential adoption of a strategic Bitcoin reserve, as well as new SEC leadership potentially sparking an altcoin season.
- Content Editor ( cryptoslate.com )
- 2025-01-01
Top 10 cryptocurrency rankings on January 1 2025 vs 2024 sees Avalanche replaced by Tron