Cryptocurrencies have shown moderate growth since the beginning of the year

The upward trend is consistent with available data from previous years, which shows that cryptocurrency assets often perform well in the first quarter of each year, contributing to the optimistic sentiment about current market dynamics, the journalists emphasize. of the publication.

“Market participants have begun to invest capital in support of more speculative assets,” Cumberland Labs research director Chris Newhouse told the portal. According to the expert, in early 2025, investors will look to diversify their cryptocurrency portfolios and invest heavily in altcoins, which have stronger growth potential compared to Bitcoin.

At the time of publication of the article (15:00 Moscow time), according to Coinmarketcap, Bitcoin was trading at 97.6 thousand dollars with an increase of 2.87% compared to last week, Ethereum – at 3.6 thousand dollars with an increase of 6.37%, Ripple – at $2.35 with an increase of 8.23%, Solana – at $213.9 with a price increase of 9.22%, Dogecoin – at $0.38 with an increase of 17.5% last week. One of the growth leaders among popular altcoins was the Cardano token, which grew by 20.11% to $1.07.

The CMC Crypto Fear and Greed index, which shows the possible overvaluation of assets in the cryptocurrency market, is still in the “greed” sector and has 61 points with an upward trend after a pullback from high values from the end of 2024. At the beginning of December the index was 80 points and was in the “extreme greed” sector.

“Rising altcoin prices, like the one we are seeing today, are due to investors looking to buy coins in downtrends in anticipation of the market’s uptrend continuing,” said Strahinja Savic, head of research at FRNT Financial.