Bitcoin Reclaims $95k as XRP Leads the Market Charge

TL;DR

• Bitcoin is trading above $95k after adding 2% to its value on New Year’s Day.

• XRP leads the market charge after rallying 12% in the last 24 hours. 

BTC Tops $95k

The cryptocurrency market is off to a positive start in 2025. Bitcoin, the leading cryptocurrency by market cap, increased its value by 2% on New Year’s Day, allowing it to reclaim the $95k level.

At press time, Bitcoin’s price stands at $95,589 and could rally higher in the near term. There is no catalyst behind this surge, with the broader market surging higher. 

XRP, Ripple’s native coin, led the market charge after adding 12% to its value in the last 24 hours. The rally allowed XRP to hit $2.4, with a market cap of $137 billion. If XRP continues its rally, it could topple Tether’s USDT to become the third-largest cryptocurrency by market cap.

Other major altcoins are also in the green. Cardano’s ADA is up 10% in the last 24 hours and now trades at $0.9385. Solana (SOL) added 7% to its value, while Dogecoin (DOGE) is up 5%.

Ether, the second-largest cryptocurrency by market cap, reached $3,400 on Wednesday after adding 2% to its value. Thanks to the ongoing rally, the total cryptocurrency market cap increased by $120 billion and now stands at $3.36 trillion.