The rally wasn’t limited to Bitcoin. Ethereum climbed 4% to $2,022, while Solana jumped 6% to $133. XRP was the standout performer, surging 11.06% to $2.51 after the SEC finally dropped its lawsuit appeal. Even the meme-coin darling Dogecoin got in on the action, rising 5.47% to $0.1747.
Altcoins join the party as XRP leads the charge with an 11% surge following SEC retreat.
Market sentiment has dramatically shifted. The Crypto Fear and Greed Index rose 17 points to 49, moving from “Fear” to “Neutral” territory. Turns out, regulatory clarity works wonders for investor confidence. Who knew?
U.S. regulators are loosening crypto custody regulations, with stablecoin legislation expected to pass in 2025. This regulatory thaw has Wall Street giants rushing in. Major hedge funds including Millennium, Tudor, and D.E. Shaw have bought Bitcoin ETPs, which collectively took in over $36 billion in net inflows in 2024. The Federal Reserve’s decision to hold interest rates steady has created a favorable environment for risk assets like cryptocurrencies.
Even traditionally conservative institutions are joining the party. The State of Wisconsin Investment Board has invested in Bitcoin ETPs, while BlackRock partnered with Securitize for a tokenized fund on Ethereum. The suits are here, folks.
Analysts project Bitcoin to trade between $85,500 and $165,000 in 2025. Pretty broad range, but the direction is clear: up.
Global adoption continues to accelerate, with cryptocurrency ownership nearly doubling since end of 2021. About 28% of American adults now own crypto, while South America has seen a 116% surge in adoption. The growing popularity of DeFi platforms offering higher interest rates than traditional banks is contributing significantly to this widespread adoption.
The technological foundation is strengthening too. Ethereum’s shift to Proof-of-Stake improved scalability, while Layer-2 solutions are reducing fees. The recent outflow of 2,022 BTC from centralized exchanges demonstrates increasing institutional confidence in long-term holding. The crypto infrastructure is finally growing up. And not a moment too soon.
