U.At present – The yr 2024 was a landmark yr for crypto, with the approval of the spot ETFs within the U.S. and the next 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% yr thus far and reaching a document excessive of $108,268 on Dec. 17. Different cryptocurrencies, resembling , BNB and PEPE, adopted swimsuit, reaching recent all-time highs.
As Bitcoin and lots of different cryptocurrencies rose to new all-time highs, demand for ‘s USDT stablecoin — pegged to the greenback — has skyrocketed. The token’s market valuation elevated by about $50 billion this yr, reaching greater than $140 billion.
In a historic milestone, MicroStrategy has change into the primary Bitcoin holding firm to enter the Nasdaq-100. The Bitcoin treasury firm intends to boost $42 billion in capital over the subsequent three years by means of at-the-market inventory gross sales and convertible debt points to purchase extra Bitcoin.
Bitcoin to achieve $250,000? Market predictions
The cryptocurrency market is ready for outstanding progress in 2025, fueled by 2024’s milestones, resembling Bitcoin’s halving rally and ETF approvals.
In line with a current market prediction printed by CoinGecko, Bitcoin’s progress 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 state of affairs, Bitcoin would possibly attain a worth of $250,000.
Different Bitcoin projections for 2025 embrace Fundstrat’s Tom Lee, who may be very optimistic about Bitcoin for subsequent yr. In line with Lee, Bitcoin would possibly enhance in 2025 to achieve $250,000. Bitcoin has two tailwinds heading into the brand new yr, one among which is the cryptocurrency’s halving worth cycle, which is usually bullish for the value of Bitcoin within the yr after a halving occasion.
Bitwise, a Bitcoin ETF producer, shares the identical upbeat outlook, predicting that 2025 could herald the beginning of crypto’s golden interval, given the historic yr of 2024. One of many ten forecasts made was that Bitcoin could commerce above $200,000.
This text was initially printed on U.At present