Bitcoin Tops $96K – Solana Leads Altcoin Surge as MicroStrategy and Coinbase Rise

Is Bitcoin’s Rebound Signaling a Broader Crypto Rally?

Cryptocurrencies surged in the first trading session of 2025, with Bitcoin reclaiming ground above $96,000. This rebound lifted related equities, reflecting renewed investor optimism following a strong 2024 for digital assets. The gains come as traders anticipate favorable regulatory developments under the incoming U.S. administration.

Bitcoin rose 2% to $96,711 on Thursday, contributing to a 3% gain for the year. The CoinDesk 20 index, a benchmark for the broader crypto market, climbed 4%.

Solana led altcoins with a 7% jump, continuing to outpace Ethereum rivals. The rally also extended to crypto-related equities, with Coinbase and MicroStrategy each gaining 4%. MicroStrategy, which saw a 360% rise in 2024, added to its already significant gains.

Speculative Tokens Gain Momentum

Speculative trading extended beyond major cryptocurrencies. A token called “fartcoin” surged 45%, pushing its market value to $1.38 billion. The surge highlights the continued appetite for high-risk, community-driven assets despite the volatility seen in late 2024.

Retail interest remains strong as traders seek opportunities in smaller-cap tokens and speculative assets. Many view these moves as reminiscent of previous meme-stock and crypto frenzies, signaling risk-on sentiment early in the year.

Regulatory Optimism Boosts Crypto Sentiment

Market participants are optimistic that 2025 will bring clearer crypto regulations, particularly as President-elect Donald Trump’s administration signals support for the sector. There is growing hope for the first comprehensive crypto legislation, potentially focusing on stablecoins and market structure. Traders are also watching for developments on a potential national strategic Bitcoin reserve, a policy that could further legitimize digital assets.

Crypto markets ended 2024 on a mixed note, with Bitcoin retreating from record highs above $100,000. Despite the pullback, Bitcoin still closed the year over 120% higher. As long-term holders locked in profits, uncertainty surrounding Federal Reserve rate policies weighed on the market. However, the renewed buying suggests confidence is returning.

Market Forecast: Bullish for Crypto

Crypto markets appear positioned for further gains as regulatory clarity improves and institutional interest grows. Bitcoin’s resilience above $96,000 signals bullish sentiment, with altcoins and speculative tokens likely to benefit. Traders should monitor legislative progress and Federal Reserve signals, as both factors could drive volatility or extend the rally further.

More Information in our Economic Calendar.