🚨 Latest in Crypto: Today's Hottest and Most Important Market Updates!

Author

CoinGape Media
January 04, 2025

News

The race to secure approval for crypto ETFs is heating up as the US SEC continues evaluating applications.

Following the success of Bitcoin and Ethereum ETFs, attention has shifted to altcoins such as Solana (SOL), XRP, Litecoin (LTC), and Hedera (HBAR). Market analysts and industry insiders are debating which crypto ETF will gain approval first in 2025.

MicroStrategy has announced plans to raise more capital to purchase more Bitcoin for its treasury. This is a supplementary plan to the company’s $42 billion fundraising campaign for BTC purchases.

In a recent X post, renowned Rich Dad Poor Dad Author Robert Kiyosaki said that the “GIANT MARKET CRASH” is already here. However, despite the economic concerns, he has reiterated his bullish stance on gold, silver, and Bitcoin. Besides, the author also shared reasons that why maintains a positive outlook on these riskier assets, especially amid inflation and other macroeconomic concerns.

Markets

Cryptocurrency market today is bullish, with Bitcoin rallying to $98K from $92K in a single surge. The rally comes as Bitcoin marks its 16th anniversary. Internet Computer (ICP) and EOS became the top gainers for today, each recording a 15% price surge. Most of the top 20 altcoins traded in the green over the last 24 hours.

The global cryptocurrency market cap rose by 2.31%, reaching $3.49 trillion. Trading volume also grew by 2%, now at $123 billion. The Fear and Greed Index hit 60, up from 50 last week, reflecting growing market optimism.

Bitcoin (BTC) price today is up 4.81% since the start of 2025 and trades around $97,711.0 as of January 4. The ongoing recovery is impressive, but BTC needs to overcome the $100K hurdle to turn the market structure bullish. This development comes as MicroStrategy discloses a $2 billion BTC strategy.

As the crypto market shows signs of recovery, Ethereum price has rebounded strongly, holding support firmly at $3.5K. The renewed bullish momentum has driven ETH closer to the crucial $4K resistance, a significant test for buyers. Analysts predict substantial gains for Ethereum in 2025, fueled by growing market confidence and a broader cryptocurrency uptrend, keeping investors watchful of ETH’s next move.

The year 2024 was transformative for the Web3 ecosystem, witnessing rapid advancements, significant market shifts, and evolving regulatory landscapes. This analysis highlights the key crypto trends that have defined the year, supported by relevant data and insights, providing early to medium-scale crypto investors with a comprehensive understanding of what has transpired in the Web3 space.