Bitcoin Price Rebounds, Sparking Market Optimism at the Start of 2025

Sentiment status: Positive

The asset surged nearly 4% in the last 24 hours, positioning itself around $96,000. And what's happening with Ethereum?

After closing 2024 on a bearish note, Bitcoin's price has begun to recover in the first two days of 2025. The leading cryptocurrency, which had dropped to the $93,000 range, now sits above $96,000.

With renewed optimism, analysts predict an exceptionally positive year ahead for Bitcoin. There's also significant anticipation regarding potential measures from Donald Trump, who will take office as the President of the United States in mid-January.

“We expect developments in cryptocurrency regulation from the new U.S. administration, which will encourage greater market participation" said Richard Teng, CEO of Binance.

Bitcoin climbs near $97,000 as crypto markets begin 2025 with a strong rally, fueling optimism for a bullish year ahead.

Matías Part, an analyst at Bitget, highlighted that the recent approval of the Markets in Crypto-Assets (MiCA) regulation in the European Union (EU) represents "an important step towards cryptocurrency regulation in the region".

However, most experts agree that the financial ecosystem will likely shift its focus to new targets. Bitcoin's price could fluctuate between $150,000 and $200,000. In this scenario, it’s not unreasonable to expect the rally to continue throughout 2025.

Bitcoin Price: Latest Figures for Thursday, January 2

With a nearly 4% increase over the last 24 hours, Bitcoin (BTC) has surged and is now edging close to $97,000. As of now, the cryptocurrency is trading at approximately $96,655.

Bitcoin price, according to our platform.

Ethereum Price: Latest Figures for Thursday, January 2

Meanwhile, Ethereum (ETH) has seen a 4.1% recovery in the last day. This positions the market's second-largest cryptocurrency at around $3,480.