U.At this time – The 12 months 2024 was a landmark 12 months for crypto, with the approval of the Bitcoin spot ETFs within the U.S. and the following introduction of Ethereum ETFs, in addition to a number of cryptocurrencies, together with Bitcoin, reaching new report highs.
Bitcoin has been on a tear in 2024, up 145% 12 months to this point and reaching a report excessive of $108,268 on Dec. 17. Different cryptocurrencies, corresponding to Solana, BNB and PEPE, adopted go well with, reaching recent all-time highs.
As Bitcoin and lots of different cryptocurrencies rose to new all-time highs, demand for Tether‘s USDT stablecoin — pegged to the greenback — has skyrocketed. The token’s market valuation elevated by about $50 billion this 12 months, reaching greater than $140 billion.
In a historic milestone, MicroStrategy has turn into the primary Bitcoin holding firm to enter the Nasdaq-100. The Bitcoin treasury firm intends to boost $42 billion in capital over the following three years by means of at-the-market inventory gross sales and convertible debt points to purchase extra Bitcoin.
The cryptocurrency market is ready for exceptional development in 2025, fueled by 2024’s milestones, corresponding to Bitcoin’s halving rally and ETF approvals.
In line with a latest market prediction revealed by CoinGecko, Bitcoin’s development trajectory seems promising given 2024’s momentum and the anticipated key occasions of 2025. An optimistic projection sees Bitcoin skyrocketing 154% in worth, and on this situation, Bitcoin may attain a value of $250,000.
Different Bitcoin projections for 2025 embrace Fundstrat’s Tom Lee, who may be very optimistic about Bitcoin for subsequent 12 months. In line with Lee, Bitcoin may improve in 2025 to achieve $250,000. Bitcoin has two tailwinds heading into the brand new 12 months, one in all which is the cryptocurrency’s halving value cycle, which is usually bullish for the worth of Bitcoin within the 12 months after a halving occasion.
Bitwise, a Bitcoin ETF producer, shares the identical upbeat outlook, predicting that 2025 might herald the beginning of crypto’s golden interval, given the historic 12 months of 2024. One of many ten forecasts made was that Bitcoin might commerce above $200,000.
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