Crypto Market Update: Bitcoin Recovery, Stellar and IOTA Rally, Analysts Share Optimistic Outlook

January 2, 2025

2 minutes read

Crypto market

The cryptocurrency market kicked off the new year with notable performances, setting a positive tone for 2025. Bitcoin (BTC) shows signs of recovery, while altcoins like Stellar (XLM) and IOTA (MIOTA) surged impressively, reflecting growing investor optimism.

Bitcoin Recovers Amid Market Optimism

Bitcoin began 2025 on a strong note, recovering from recent lows to trade above $27,000. Analysts suggest that BTC’s resilience in the face of global economic uncertainties could attract increased institutional interest.

Stellar (XLM) and IOTA (MIOTA) Lead Altcoin Surge

  • Stellar (XLM): XLM surged by 26%, fueled by developments in its blockchain ecosystem and increasing adoption of cross-border payment solutions.
  • IOTA (MIOTA): IOTA recorded a 20% gain, driven by advancements in its smart contract capabilities and partnerships in the IoT (Internet of Things) sector.

Ethereum (ETH) saw modest growth, maintaining its position as the second-largest cryptocurrency. Analysts project a bullish trend for ETH as staking withdrawals stabilize and Layer-2 adoption accelerates.

Key Performances of Popular Cryptocurrencies:

  • Ripple (XRP): XRP experienced steady gains as its legal clarity continues to strengthen investor confidence.
  • Dogecoin (DOGE): DOGE traded in green, backed by community enthusiasm and potential integrations in payment systems.
  • Cardano (ADA): ADA remained stable, with attention on its ecosystem upgrades and increased DeFi activity.

Market experts highlight the emergence of blue-chip cryptocurrencies as a safe haven for investors amidst market volatility. Ethereum and Bitcoin are anticipated to lead the rally, while lesser-known projects with strong fundamentals could deliver significant returns.

With regulatory clarity improving and technological advancements in blockchain solutions, 2025 is shaping up to be a pivotal year for the cryptocurrency market. Analysts advise investors to keep an eye on emerging sectors like decentralized finance (DeFi) and metaverse projects for potential opportunities.

Share:
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Related Links

Kenya protest

Kenya’s Saba Saba Protests: 10 Dead, 29 Injured

Earlier today, July 7, 2025, Kenya’s capital, Nairobi, was locked down as police clashed with ...

Fashion Week

Epic Show 2025 Highlights Young Designers in Lagos

Fashion Finest Africa’s Epic Show 2025, held on July 5–6 at The Podium in Lekki, ...

BRICS

BRICS Summit Condemns Tariffs and Iran Attacks

The BRICS bloc, comprising Brazil, Russia, India, China, South Africa, and newer members Egypt, Ethiopia, ...

Oba

Olubadan of Ibadanland, Oba Owolabi Olakulehin, Dies at 90

Oba Akinloye Owolabi Olakulehin, the 43rd Olubadan of Ibadanland, passed away in the early hours ...

Features

Netherlands Returns 119 Looted Benin Bronzes to Nigeria

On Thursday, June 26, 2025, the Netherlands returned 119 looted artifacts, known as the Benin ...

Ngugi-wa-Thiongo

Ngũgĩ wa Thiong’o:Passed the pen to the Next Generation.

Ngũgĩ wa Thiong’o, a legendary Kenyan writer, scholar, and revolutionary voice in African literature passed ...

ECOWAS

ECOWAS Celebrates 50th Anniversary Amid Sahel States Tensions

On May 28, 1975, fifteen West African nations signed the Lagos Treaty, establishing the Economic ...

What Really Moves Bitcoin’s Price? A Comprehensive Guide to the Key Drivers of Volatility and Value

What Really Moves Bitcoin’s Price? A Comprehensive Guide to the Key Drivers of Volatility and Value

​Bitcoin, the pioneering cryptocurrency, has captivated the financial world with its innovative technology and notable ...

Guinea Sets September 2025 Date for Constitutional Referendum as Military Inches Toward Democratic Transition

Guinea Sets September 2025 Date for Constitutional Referendum as Military Inches Toward Democratic Transition

Guinea’s military-led government has officially announced that a national referendum on a new constitution will ...

Ivory Coast economic growth

Côte d’Ivoire’s Economic Boom Faces Political Test in 2025 Election

Ivory Coast’s Economic Success: A Model for West Africa Côte d’Ivoire has emerged as one ...

Phillis Wheatley

Phillis Wheatley: The Trailblazing African American Poet Who Defied Oppression

Phillis Wheatley: A Pioneer in Black Literature and Poetry Phillis Wheatley was a groundbreaking poet ...

Women Participation in Politics

International Women’s Day 2025: Advancing Rights, Equality, and Leadership for African Women

The 2025 International Women’s Day (IWD) theme, “For ALL Women and Girls: Rights. Equality. Empowerment,” ...

Latest News

Today in History

July 8th is the day in 1808 that Joseph Bonaparte approves the Bayonne Statute, a royal charter intended as the basis for his rule as king of Spain.

Exchange Rate Per Dollar

AM Armenian Dram384.0715
GH Ghana Cedi10.4007
GM Gambian Dalasi71.5
GN Guinea Franc8,673.78
NG Nigerian Naira₦1,535.11
CF CFA Franc BEAC558.5544
08 Jul · CurrencyRate · USD
CurrencyRate.Today
Check: 08 Jul 2025 01:05 UTC
Latest change: 08 Jul 2025 01:00 UTC
API: CurrencyRate
Disclaimers. This plugin or website cannot guarantee the accuracy of the exchange rates displayed. You should confirm current rates before making any transactions that could be affected by changes in the exchange rates.
You can install this WP plugin on your website from the WordPress official website: Exchange Rates🚀

YOUR THOUGHTS

Let us know what you think

Contact the People’s Paper with feedback on stories and how we could make wapress.africa even better!

newsletter image

Stay up to date with the latest from West Africa Press

Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on WApress.

Subscribe Newsletter!

Be the first to receive our latest contents and more...

Need help?