Bitcoin recovers from early dip, surges past $96,000

WEB DESK: On the second trading day of 2025, Bitcoin started in the red, with its value dropping by $11.63 to $94,486.03 shortly after opening.

This decrease followed a previous close of $94,497.66 just moments earlier. The cryptocurrency declined further, reaching $94,391.20 at 00:14 UTC, marking a total loss of $136.46.

However, by 00:30 UTC, Bitcoin began to recover, climbing to $95,304.32 by 01:07 UTC, a rise of $806.

The most notable gains occurred after 04:30 UTC, as the cryptocurrency surged to $95,832.56 by 04:50 UTC, representing a rise of $1,334.9. As of 07:58 UTC, this remained the day’s peak, and Bitcoin had not dropped since 00:28 UTC.

Other cryptocurrencies showed mixed performances during this period. Ether was in the green, up by 1.74 per cent at $3,414.77, Litecoin gained 0.77 per cent, trading at $105.85, and Dogecoin also saw an increase, rising by 2.81 per cent to $0.3337.

On the downside, Binance Coin fell by 0.12 per cent to $706.22, while Lumens dropped by 0.94 per cent to $0.4207.

Bitcoin surged further to $96,304.08 around 9:25 UTC, adding $1,806.34 to its value.

At present, one Bitcoin is valued at approximately Rs26,800,963 in Pakistani rupee (PKR).

December was a relatively calm month for Bitcoin, but analysts remain optimistic about 2025, with bullish predictions for another strong year.

Notably, the world’s largest token by market capitalisation rose by 1.4 per cent to $95,394 during early trading on Tuesday.

While the price has remained relatively stable in recent days, Bitcoin is still on course to achieve triple-digit gains in 2024, according to experts.

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