Cryptocurrencies including Bitcoin and Ripple's XRP have suddenly soared, with Bitcoin prices once again within reach of $100,000 after crashing this week.
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Bitcoin prices skyrocketed this year with the election of Donald Trump as US president, spurring a massive $15 trillion Bitcoin price bet.
Now, with Elon Musk quietly acknowledging the transformation of the crypto market, Bitcoin bulls are betting that 2025 will be a We are strengthening our price predictions.
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Forbes Tesla CEO Elon Musk warns that U.S. “bankruptcy” will come “very quickly” without Dogecoin-inspired “fix”: Billy Bambrough
US President-elect Donald Trump helped fuel this year's Bitcoin price boom with Ripple's XRP. [+] And the prices of small cryptocurrencies are also skyrocketing.
Washington Post (via Getty Images)
“U.S. institutional investors are deepening their exposure to crypto assets, and other countries around the world are “Countries will catch up,” he said, setting a Bitcoin price target of $250,000 in 2025.
“Trump’s victory is a massive regulatory green light to expand both participation and position size in Bitcoin, Ethereum, and premium decentralized finance (DeFi) altcoins.”
President Trump has been leaning towards Bitcoin and cryptocurrencies this year, creating a Bitcoin Strategic Reserve and promising to ease regulations that crypto companies say are stifling the technology.・A supporter of cryptocurrency regulators who is considering a successor to Gensler, the US Securities and Exchange Commission chairman who is retiring.
Yuya Hasegawa, a Tokyo-based Bitcoin and virtual currency market analyst at BitBank, said, “Former SEC Chairman Paul Atkins, who is close to financial technology, is attracting attention as the new SEC Chairman under the second Trump administration. “Bitcoin price has recovered from Wednesday's $91,000 level.'' In an emailed comment, he added that the U.S. Thanksgiving holiday could be the trigger for Bitcoin prices to break above the much-watched $100,000 per Bitcoin level.
“The crypto market also sees market anomalies around Thanksgiving. In bull markets, Bitcoin tends to suffer losses around Thanksgiving, but the price rises again a week or two later. This “Thanksgiving” “anomaly'' was observed during the bull market. Many market participants believe that 2016 and 2020 were the years in which Bitcoin halving occurred, with the fourth halving occurring in April of this year. It may be. We believe the slump around Thanksgiving could be a huge opportunity. ”
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Forbes Leak Reveals Wall Street Price Volatility Huge Earthquake Could Hit Bitcoin and Cryptocurrencies in 2025 By Billy Bambrough
Bitcoin price rises after plunging this week to $100,000 per Bitcoin… [+] Returning to the reach of traders, Ripple’s XRP price rises.
forbes digital assets
However, Bitcoin and other crypto market watchers in Hindi and elsewhere believe the recent volatility will continue in the coming weeks as Bitcoin prices and the prices of other small-cap cryptocurrencies, including Ripple's XRP, soared into November. I expect it to continue.
“We expect both the Bitcoin bull market and volatility to continue for the rest of the year,” said Hindy. “The $75,000/$120,000 range is not surprising. With incredible levels of fomo driving buy-and-take and profit-taking in earnest, a correction will likely occur quickly.” [fear of missing out]. The Trump trade pushed Bitcoin and stocks to record highs. We believe the initial Santa Claus rally will be overextended and expect profit-taking towards the end of the year. ”
