Avalanche exits the top 10, replaced by Tron, as Bitcoin surpasses $100,000 amid election-induced market shifts.
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The crypto market ended the year with a combined valuation of $3.26 trillion. 2024 featured shifting momentum across Bitcoin, Ethereum, and other assets, influenced by Bitcoin spot ETF approval, the US election, and evolving crypto regulation.
The top 10 coins and tokens on Jan. 1, 2025, include the majority of the same ones present a year previous. Avalanche dropped out and was replaced by TRON, while others like BNB and XRP traded places. The second biggest loser was Dogecoin, which fell three spots from seventh to tenth.
Bitcoin surpassed $100,000 for the first time in December, drawing attention after the November election in the United States, which resulted in a dramatic price surge. That rally pushed Bitcoin’s peak above $108,000 before a retracement brought it closer to $93,000 as the year concluded.
Ethereum maintained its place as the second-largest asset and traded near $3,300 in late December, holding a market cap of around $400 billion.
Bitcoin dominance approached 57%, while Ethereum’s share fell to around 12%. Tether retained its position as the top stablecoin globally, with a record-high market cap of $137 billion. XRP hovered near $2.13, reflecting speculation around institutional adoption, and BNB sat around $706.
Solana traded around $190, and Dogecoin closed near $0.31 after a year of meager social media endorsements and market swings linked to Elon Musk’s new government role. USDC held the eighth spot with a market cap of $43 billion, three times lower than Tether, while Cardano held the ninth and tenth positions at $0.84 and Tron near $0.25.
Many observers regarded 2024 as pivotal for digital assets, with Bitcoin’s climb above the six-figure mark attracting retail and institutional attention. The period also saw brief corrections, including dips back into the $40,000 range for Bitcoin and restrained comparable movements for several top tokens. As broader markets continue to respond to election outcomes, monetary policies, and Trump’s inauguration in January, traders monitor liquidity, derivatives activity, and protocol upgrades to gauge potential upticks.
The year closed with traders watching for new highs after Bitcoin’s fluctuation between $100,000 and $92,000. Ethereum remained the leading smart contract platform by market cap, and stablecoin demand highlighted ongoing reliance on liquidity pairs. Altcoins like XRP, BNB, Solana, Dogecoin, Cardano, and Tron each held or gained their place in the top 10 list.
Price predictions for 2025 suggest a Bitcoin peak ofÂ$180,000Â toÂ$200,000, according to institutional analysts. All eyes are now set on Jan. 20, when Trump comes to office, to see whether a strategic Bitcoin reserve will be adopted and whether new SEC leadership will spur a monumental altcoin season.
Also known as “Akiba,” Liam Wright is a reporter, podcast producer, and Editor-in-Chief at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.
CryptoSlate is a comprehensive and contextualized source for crypto news, insights, and data. Focusing on Bitcoin, macro, DeFi and AI.
Stay ahead with crypto’s key news and insights. Delivered directly, every day.
Franklin Templeton anticipates Bitcoin’s strategic reserve integration amid regulatory clarity and AI convergence.
Montenegrin police transferred Kwon to US authorities at Podgorica International Airport on Dec. 31.
Changpeng Zhao’s potential leadership role could shape Binance Labs’ future.
Sports drive Polymarket as traders look beyond elections for 2025 betting opportunities.
Initiative proposes amending Swiss Constitution to bolster financial independence with Bitcoin.
Franklin Templeton anticipates Bitcoin’s strategic reserve integration amid regulatory clarity and AI convergence.
Mark Moss predicts Bitcoin’s rise to $21 trillion by 2030, likening its adoption to market disruptors like Uber and Airbnb.
Sports drive Polymarket as traders look beyond elections for 2025 betting opportunities.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
New tokenization model aims to democratize Broadway investment through blockchain-based funding mechanism, challenging traditional theatrical financing structures.
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.
The XRP Ledger is a decentralized cryptographic ledger powered by a network of peer-to-peer servers.
BNB, or Binance Coin, is a cryptocurrency created by Binance.
Must-read crypto news & insights. Delivered daily.
Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you read on CryptoSlate should be taken as investment advice. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own diligence before making any investment decisions. CryptoSlate is not accountable, directly or indirectly, for any damage or loss incurred, alleged or otherwise, in connection to the use or reliance of any content you read on the site.
© 2025 CryptoSlate. All rights reserved. Disclaimers | Terms | Privacy
Please add “[email protected]“ to your email whitelist.
Stay connected via