Cryptocurrencies, including Movement, Bitget Token and Zcash, marked significant gains as Santa's gifts appeared in significant price rallies on December 25.
With Bitcoin (BTC) regained some ground after trading to nearly $92,000 on December 23, the gains to over $98k also went out to some altcoins.
Fueled by various factors and triggers, some joints registered over 30% spikes.
Among the top coins, Gluasad (RECOMMENDATION), Bitget Token (BGB) and Zcash (ZEC) increased by more than 31%, 18% and 9% respectively.
The altcoins led the 100 largest cryptocurrencies by market cap. Gains for most altcoins saw their total market cap exceed $3.5 trillion – despite a 2% drop in 24 hours.
Crypto daily trading volume stood at $156 billion, BTC dominance at 54.5% and the crypto greed & fear index at 62. This last metric indicates overall sentiment remains bullish amid a possible return to risk appetite more.
Bitcoin bull and the genius of the plan MicroStrategy Michael Saylor shared his hope.
Earlier, analysts at QCP Capital summarized the market outlook. According to that, in the next few weeks altcoins could gather among capital circulation.
“BTC is still tied to a range below 100k, and history shows that we may see the typical end-of-season volatility sell-off after it ends. But if BTC breaks through 100k, volatility could hold strong and spark new momentum. At the same time, altcoins could steal the spotlight. With #BTC's dominance at 58%, a drop below this level could confirm a rotation into alts – similar to what we saw last month with ETHBTC bouncing off the 0.032 support. ”
QCP
MOVE, ZEC, and BGB tokens, as well as other performers on the day, included Fartcoin, Solana Raydium protocol, and Virtuals Protocol.
On the other end, major losers in the past 24 hours included Hyperliquid, Stellar and Celestia.
