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Chainlink's price has recently dropped to $20.25, a 35% decline from its peak this year, amid a broader cryptocurrency market downturn. Despite this, analyst Michael van de Poppe predicts a rebound in 2025, citing Chainlink's ongoing role in decentralized finance and its recent partnerships, including a $2 million LINK token purchase by Donald Trump’s World Liberty Financial. The price has formed a head and shoulders pattern, indicating potential further declines, with key support levels at $18 and $15.
Investors reflect on a successful year in the stock market, largely driven by Bitcoin's resurgence, highlighted by the approval of Bitcoin spot ETFs in January 2024. Anticipation surrounds a crypto-friendly regulatory environment and potential strategic Bitcoin reserves under President-elect Donald Trump, though expectations are high and risks remain. Monetary policy changes may also impact the performance of Bitcoin and Ether in the coming year.
Bitcoin (BTC) is projected to struggle below $100,000 as it ends 2024, currently trading around $93,690 after a significant dip. Analysts remain optimistic for 2025, anticipating BTC could reach between $180,000 and $200,000, driven by favorable regulations and increased demand. Meanwhile, venture capital funding in crypto is expected to rise to $18 billion in 2025, a 50% increase from 2024, as the market recovers from previous downturns.
Investors are expected to remain cautious on the last trading day of the year, with trading in Frankfurt ending early at 14:00. Key economic data from China, including the PMI indices, will be closely monitored, alongside US unemployment claims and the ISM manufacturing index later in the week. The DAX is projected to gain around 20% for the year, influenced by interest rate changes and the AI sector's growth.
In 2024, Bitcoin's popularity surged on X, with a 65% increase in mentions, totaling over 140 million tweets. This rise coincided with significant market events, including the SEC's approval of spot Bitcoin ETFs, which attracted institutional investment despite recent price pressures and potential declines. As Bitcoin reached a record high of $108,000 in December, discussions on X remain vibrant under Elon Musk's leadership, reflecting ongoing interest in the cryptocurrency.
Bitcoin has solidified its mainstream status with the approval of 11 exchange-traded funds, attracting over $113.5 billion by year-end and pushing its price to record highs of $100,000. MicroStrategy plans to expand its Bitcoin purchases significantly, while Crypto.com launches a custody service for US institutions. Meanwhile, Russia imposes a six-year ban on crypto mining in ten regions, and the IRS maintains that staking rewards are taxable upon receipt, setting a precedent for future taxation.
Solana and Cardano are attracting institutional interest, with Solana's partnerships and potential ETF approvals driving significant market activity. Meanwhile, 1Fuel is emerging as a promising altcoin, raising over $850,000 in its presale and offering innovative cross-chain functionality and privacy features. Analysts are optimistic about its growth potential, positioning it as a key player to watch for 2025.
Elon Musk and Donald Trump are proposing unconventional solutions to the US debt crisis, including the integration of cryptocurrencies into fiscal policy. Musk suggests a "Doge Department of Government Efficiency" to cut wasteful spending, while Trump advocates for a strategic Bitcoin reserve to help manage the national debt, which has surpassed $34 trillion. Despite the potential benefits, concerns about Bitcoin's volatility and the enduring importance of the US dollar in global finance remain prevalent.
OpenAI is considering restructuring its operations to better align its nonprofit and for-profit divisions, potentially converting the latter into a Delaware Public Benefit Corporation. This move aims to balance shareholder and public interests while enabling the nonprofit to pursue charitable initiatives in healthcare, education, and science. The decision follows legal challenges from co-founder Elon Musk, who claims the organization has strayed from its original philanthropic mission.
Bitcoin's recent rally has stalled as Federal Reserve Chair Jerome Powell confirmed that the Fed cannot hold Bitcoin and is not advocating for legal changes. Investors remain optimistic about potential strategic Bitcoin reserves in the U.S., despite profit-taking and possible price dips below $90,000 as year-end liquidity wanes. The critical $100,000 mark is seen as essential for maintaining an upward trend.
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