U.Right now – 2024 was a watershed yr for cryptocurrencies, with the approval of spot ETFs within the US and the following introduction of ETFs, in addition to a number of cryptocurrencies, together with Bitcoin, reaching new document highs.
Bitcoin has been on a tear in 2024, up 145% year-to-date and hitting an all-time excessive of $108,268 on December seventeenth. Different cryptocurrencies resembling BNB and PEPE adopted swimsuit and hit new all-time highs.
As Bitcoin and lots of different cryptocurrencies have risen to new all-time highs, demand for USDT stablecoins – pegged to the greenback – has skyrocketed. The token's market valuation has elevated by roughly $50 billion this yr, reaching greater than $140 billion.
In a historic milestone, MicroStrategy grew to become the primary Bitcoin holding firm to enter the Nasdaq-100. The bitcoin administration firm intends to lift $42 billion in capital over the following three years by way of inventory market gross sales and convertible debt issuance to purchase extra bitcoins.
Will bitcoin attain $250,000? Market predictions
The cryptocurrency market is poised for exceptional progress in 2025, fueled by 2024 milestones resembling Bitcoin's halving and ETF approval.
In keeping with a current market forecast revealed by CoinGecko, Bitcoin's progress trajectory seems to be promising given the tempo of 2024 and the anticipated key occasions of 2025. An optimistic projection predicts that the worth of Bitcoin will skyrocket by 154%, and on this state of affairs, Bitcoin might attain a value of $250,000.
Different Bitcoin projections for 2025 embrace Fundstrat's Tom Lee, who may be very bullish on Bitcoin for subsequent yr. In keeping with Lee, Bitcoin might rise to $250,000 in 2025. Bitcoin has two instructions into the brand new yr, one in all which is the cryptocurrency's halving value cycle, which is usually bullish for the value of Bitcoin within the yr following the halving occasion.
Bitwise, a producer of Bitcoin ETFs, shares the identical optimistic outlook, predicting that 2025 could herald the start of the golden age of cryptocurrencies, given the historic yr of 2024. One of many ten predictions was that Bitcoin might commerce above $200,000.
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