Cryptocurrencies Surge in 2025: Bitcoin Price Surpasses $97000
Cryptocurrencies made a strong start in 2025, bouncing back from recent losses as investor confidence returned to the market. Bitcoin, the most well-known cryptocurrency, saw its price rise by 3% to $97,426.02 on Thursday, bringing its gains for the new year to about 4%.
The broader cryptocurrency market also saw positive movement, with the CoinDesk 20 index rising by 4%. Solana, a popular Ethereum competitor, showed a notable increase of 7.5%. Crypto stocks like Coinbase and MicroStrategy were also on the rise, climbing by 4% and 5% respectively.
Investors are optimistic about the year ahead for the crypto industry, with hopes of a more favorable regulatory environment under the upcoming administration. There is anticipation for potential crypto-focused legislation from Congress, as well as excitement around the possibility of more initial public offerings and progress on a national strategic bitcoin reserve.
While crypto assets experienced a decline at the end of 2024, with the post-election rally fading, the overall performance for the year was still impressive, with bitcoin ending the year up more than 120%. The selling pressure towards the end of the year was attributed to uncertainty surrounding Federal Reserve interest rate cuts in 2025.
Overall, the outlook for cryptocurrencies in 2025 is positive, with potential political and regulatory tailwinds that could drive further growth in the market. If you’re feeling out of the loop, sign up for our weekly Chicago Catch-Up newsletter to stay informed on the latest news in the region.
