As of December 30, 2024, Bitcoin (BTC) is trading at approximately $91,875, reflecting a slight decline from its recent highs.
This year has been remarkable for Bitcoin, with its price increasing by over 100% since January 1. The surge has been driven by factors such as the approval of Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) and the election of President Donald Trump, who is perceived as crypto-friendly.
Analysts have varying predictions for Bitcoin's trajectory in the coming months. Alex Thorn of Galaxy Digital forecasts that Bitcoin's price will surpass $150,000 early next year and reach $185,000 by the end of 2025, driven by further institutional, corporate, and state adoption. Similarly, investment manager VanEck projects Bitcoin will rise to $180,000 in 2025.
However, some analysts advise caution. Rania Gule of XS.com suggests that Bitcoin could fall to around $85,000 due to the expiration of substantial options contracts. Additionally, the Federal Reserve's recent announcement of fewer interest-rate cuts for 2025 has introduced uncertainty into the market, potentially impacting Bitcoin's performance.
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As of December 30, 2024, Bitcoin (BTC) is trading at approximately $91,875, reflecting a slight decline from its recent highs.
This year has been remarkable for Bitcoin, with its price increasing by over 100% since January 1. The surge has been driven by factors such as the approval of Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) and the election of President Donald Trump, who is perceived as crypto-friendly.
Analysts have varying predictions for Bitcoin's trajectory in the coming months. Alex Thorn of Galaxy Digital forecasts that Bitcoin's price will surpass $150,000 early next year and reach $185,000 by the end of 2025, driven by further institutional, corporate, and state adoption. Similarly, investment manager VanEck projects Bitcoin will rise to $180,000 in 2025.
However, some analysts advise caution. Rania Gule of XS.com suggests that Bitcoin could fall to around $85,000 due to the expiration of substantial options contracts. Additionally, the Federal Reserve's recent announcement of fewer interest-rate cuts for 2025 has introduced uncertainty into the market, potentially impacting Bitcoin's performance.
Given these mixed signals, it's crucial for