U.Immediately – 2024 was a landmark 12 months for cryptocurrencies, with the approval of spot ETFs within the US and the next introduction of ETFs, with a number of cryptocurrencies, together with Bitcoin, hitting new all-time highs .

Bitcoin crashed in 2024, rising 145% for the reason that starting of the 12 months and reaching an all-time excessive of $108,268 on December seventeenth. Different cryptocurrencies similar to , BNB, and PEPE adopted swimsuit, reaching new all-time highs.

As Bitcoin and plenty of different cryptocurrencies hit new all-time highs, demand for the dollar-pegged USDT stablecoin has surged. The token's market valuation has elevated by about $50 billion this 12 months, reaching greater than $140 billion.

In a historic milestone, MicroStrategy grew to become the primary Bitcoin holding firm to enter the Nasdaq 100. Bitcoin treasury firms plan to lift $42 billion in capital over the subsequent three years by way of on-market inventory gross sales and convertible debt issuances to purchase extra Bitcoin.

Will Bitcoin attain $250,000? market forecast

The crypto market is poised for spectacular progress in 2025, pushed by milestones in 2024 similar to Bitcoin's halving restoration and ETF approval.

Based on latest market forecasts revealed by CoinGecko, Bitcoin's progress trajectory appears to be like promising given its momentum in 2024 and key occasions anticipated in 2025. Optimistic predictions present that the worth of Bitcoin will soar by 154%, and on this state of affairs the value of Bitcoin may attain $250,000.

Different Bitcoin predictions for 2025 embrace Tom Lee of Fundstrat who could be very optimistic about Bitcoin subsequent 12 months. Based on Lee, Bitcoin may rise to $250,000 in 2025. There are two tailwinds for Bitcoin going into the brand new 12 months, certainly one of which is the cryptocurrency's worth halving cycle, and Bitcoin costs are sometimes bullish within the 12 months following a halving occasion.

Bitcoin ETF producer Bitwise shares the identical optimistic outlook, predicting that given the historic 12 months of 2024, 2025 could mark the start of a golden age for cryptocurrencies. One of many 10 predictions made was that Bitcoin may commerce above $200,000.

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