Cryptocurrencies, including Movement, Bitget Token, and Zcash, celebrated massive gains as Santa's gifts showed significant price spikes on December 25.
With Bitcoin (btc) Reclaiming some of the gains after trading to nearly $92,000 on December 23, gains of over $98,000 have also trickled down to some altcoins.
Supported by various factors and catalysts, some altcoins recorded increases of more than 30%.
Among the top currencies, movement (moving),Bitget icon (with a forest) And like cash (Zeke) They rose by more than 31%, 18%, and 9%, respectively.
Altcoins led the top 100 cryptocurrencies by market cap. Gains by most altcoins kept the total market capitalization above $3.5 trillion – despite falling by 2% in 24 hours.
Daily cryptocurrency trading volume is $156 billion, Bitcoin dominance is at 54.5%, and the Crypto Greed and Fear Index stands at 62. This last measure suggests overall sentiment remains bullish amid a potential return to greater risk appetite.
Michael Saylor, Bitcoin bull and mastermind of MicroStrategy, shared his optimism.
Earlier, analysts at QCP Capital summarized the market expectations. According to them, the next few weeks may see a rise in altcoins amid the capital rotation.
“Bitcoin is still in the sub-100K range, and history shows that we may see a typical end-of-quarter volatility sell-off after expiration. But if Bitcoin breaks above 100K, volatility could remain strong and spark new momentum. At the same time, it could Altcoins Steal the Spotlight With #BTC dominating at 58%, a drop below this level could confirm a shift to altcoins – similar to what we saw last month with ETHBTC bouncing off support. 0.032."
QCP
Tokens include MOVE, ZEC, and BGB, as well as other tokens of the day, Fartcoin, Solana Raydium Protocol, and Virtuals Protocol.
On the other hand, Hyperliquid, Stellar, and Celestia were among the biggest losers over the past 24 hours.
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