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Bitcoin's price has dropped about 10% since mid-December, currently around $96,000, with predictions of a further decline to as low as $85,000 due to rising inflation and a strong US dollar. Analysts suggest that ongoing macroeconomic pressures and an overheated derivatives market are contributing to this sell-off. However, optimism remains for 2025, with expectations that Bitcoin could reach $150,000 amid a favorable regulatory environment and improved market conditions.
Bitcoin (BTC) briefly dipped below $90,000, causing market panic, but rebounded to $95,400. Ethereum (ETH) fell nearly 2% in 24 hours, while Litecoin (LTC) dropped 4% after a hack. Institutional crypto OTC trading volumes surged 106% in 2024, driven by demand for spot ETFs and a pro-crypto stance from the Trump administration. MicroStrategy continued its BTC acquisition spree, raising concerns about the sustainability of its debt-fueled strategy.
Bitcoin fell to $89,900 on January 13, marking a 3.6% decline in 24 hours, attributed to profit-taking after a peak of $108,300 in mid-December. Analysts suggest that economic uncertainties surrounding President-elect Trump's policies and subdued trading volumes contribute to the bearish sentiment, though institutional accumulation indicates strong demand. The upcoming inauguration could reignite buying interest if pro-crypto policies are announced.
Bitcoin's price fell to $89,900 on January 13, marking a two-month low, driven by profit-taking after reaching $108,300 in mid-December and macroeconomic concerns surrounding President-elect Trump's policies. Despite subdued trading volumes, institutional accumulation suggests ongoing demand, with analysts predicting potential price increases to between $140,000 and $200,000 by mid-2025. The upcoming inauguration may reignite buying interest if pro-crypto policies are announced.
XRP, HBAR, BGB, and XMR are showing notable strength as Bitcoin faces resistance at the 20-day EMA, currently trading at $93,464.57. XRP's market cap has reached $140 billion, with potential growth to $500 billion, while HBAR struggles below key support levels. Monero has broken resistance at $203, targeting $225, and Bitget Token remains in an uptrend.
Bitcoin's recent rally has faced challenges due to a strong dollar and uncertainties surrounding President-elect Trump's tariff plans, leading to its worst weekly performance. While short-term turbulence is expected, long-term structural support for Bitcoin and digital assets remains intact, despite potential delays in pro-crypto legislation as Congress prioritizes other issues.
Bitcoin's price outlook remains bullish despite recent macroeconomic challenges, according to Grayscale's head of research, Zach Pandl. A strong US jobs report has temporarily pressured BTC below $93,000, influenced by a rising US dollar and reduced expectations for interest rate cuts. However, with the upcoming US presidential inauguration and a favorable regulatory environment anticipated, analysts predict significant institutional adoption and potential price surges for Bitcoin in 2025. US Bitcoin ETFs surpassed $100 billion in net assets in November, with expectations of an additional $48 billion inflow in 2025, potentially leading to demand shocks that could elevate BTC prices significantly.
Solana surged 204% in 2024, driven by decentralized exchange activity and the creation of over 3 million tokens, while Ethereum is poised for a potential breakout in 2025, with predictions of reaching $10,000 amid a favorable regulatory environment and increased staking opportunities. Retail trading has also surged, surpassing 2021 levels, as individual investors flock to cryptocurrencies and popular stocks. However, Ethereum faces challenges from rival blockchains and regulatory headwinds, which may impact its adoption and performance.
Grayscale's research head, Zach Pandl, highlights Ethereum as the top cryptocurrency to buy, predicting it could outperform Bitcoin under the upcoming Trump administration, which aims to establish a clear regulatory framework for crypto. With potential price targets reaching $35,000 by 2025, Ethereum's extensive use cases and institutional interest are expected to drive significant growth, despite competition from Solana. Ethereum's established network and resilience further solidify its position as a safer investment in the evolving financial landscape.
Zach Pandl
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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