Bitcoin has surpassed the $93,000 mark and is poised to reach new heights, while Immutable (IMX) stands out among altcoins with a 32% surge in just one day. Analysis of this remarkable performance.
The crypto market is experiencing a spectacular bullish trend, with the total market capitalization surging from $178 billion to reach $2.88 trillion.
This surge is driven by major catalysts, including the appointment of Paul Atkins as head of the SEC, a strong signal for more favourable regulation towards digital assets.
In this context, cryptocurrencies like Bitcoin, SUI, and Immutable (IMX) are capturing investors’ attention.
Indeed, the announcement of Paul Atkins as the new SEC chairman has triggered a wave of optimism in the crypto ecosystem. Known for his pro-cryptocurrency stance, Atkins could bring an end to the restrictive policies of the Gary Gensler era, thus fostering innovation and institutional adoption.
This appointment comes amidst a favourable American political climate, with the Trump administration aiming to make the United States the global hub for cryptocurrencies.
Simultaneously, technological developments and increasing adoption are supporting this momentum. The tokenization of real-world assets (RWA), such as real estate or commodities, is gaining ground, with a market estimated in the tens of billions of dollars.
Furthermore, cryptocurrencies like SUI and Immutable (IMX) are benefiting from the excitement around the blockchain layer-1 and gaming sectors, while Bitcoin solidifies its leading position.
Bitcoin continues to dominate the market, representing approximately 50% of the total cryptocurrency market capitalization. After reaching a historical peak of $108,786 on January 20, 2025, BTC is currently trading around $93,625.
Analysts remain optimistic, with a key resistance at $95,761 to breach to pave the way for the psychological level of $100,000.
Immutable (IMX), the leading platform for blockchain games and NFTs, is also benefiting from this bullish market.
With a current price around $0.631, IMX shows significant upside potential, driven by the decentralized gaming sector’s growth.
In conclusion, the cryptocurrency market is entering an unprecedented optimistic phase, driven by regulatory developments like Paul Atkins’ appointment and the rise of innovative projects like SUI and Immutable (IMX).
Bitcoin remains the flagship, with a target of $100,000 within reach, while high-potential altcoins offer high-return opportunities. For investors, 2025 looks to be a pivotal year.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
