Ethereum and Dogecoin Lead Altcoin Rally as Bitcoin Retakes $100K
Bitcoin has surpassed $100,000, with altcoins leading market gains. Ethereum has increased by 9.2%, nearing $2,000 for the first time since March, while Bitcoin's rise is 2.7%. Dogecoin and Cardano have both risen over 8%, with Sui up 13.8% and Bitcoin Cash up 14.3%. Pudgy Penguins is the top performer among the largest coins, gaining 27%. Speculation about an "alt season" is growing, but Bitcoin's market dominance remains high at 64%. Analyst Ki Young Ju predicts selective altcoin performance in 2025, focusing on ETF filings and revenue-generating projects. Increased social media mentions of altcoins could signal caution, as historical trends suggest optimal entry points occur during disinterest. Current market volatility is influenced by political uncertainty, making future performance unpredictable.
