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2024 was a historic year for cryptocurrencies, according to the board of directors Bitcoin ETFs In the United States and the subsequent introduction of Ethereum ETFs, as well as several cryptocurrencies, including Bitcoin, reached new highs.
Bitcoin It has been on a tear in 2024, rising 145% year-to-date and reaching a record high of $108,268 on December 17. Other cryptocurrencies, such as Solana, BNB, and PEPE, followed suit, reaching all-time highs.
With Bitcoin and many other cryptocurrencies rising to all-time highs, demand for the USDT stablecoin Tether - which is pegged to the dollar - has skyrocketed. The currency's market value rose by about $50 billion this year, reaching more than $140 billion.
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In a historical event. Accurate strategy It became the first Bitcoin holding company to enter the Nasdaq-100 index. The Bitcoin treasury company intends to raise $42 billion in capital over the next three years through market share sales and convertible debt issuances to buy more Bitcoin.
Will Bitcoin reach $250,000? Market forecast
The cryptocurrency market is expected to see significant growth in 2025, driven by 2024 milestones, such as the Bitcoin halving and ETF approvals.
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According to the latest market forecast published by me Queen GekkoBitcoin's growth trajectory looks promising given the momentum seen in 2024 and major events expected for 2025. The value of Bitcoin is expected to rise by 154%, and in this scenario, the price of Bitcoin could reach $250,000.
Other Bitcoin forecasts for 2025 include Fundstrat's Tom Lee, who was very positive about Bitcoin in the coming year. According to me, in 2025 Bitcoin may rise to $250,000. Bitcoin has two tailwinds heading into the new year, one of which is the cryptocurrency halving price cycle, which is often bullish for Bitcoin's price in the year following the halving event.
Bitcoin ETF producer Bitwise shares the same optimistic outlook, predicting that 2025 could herald the beginning of a golden period for cryptocurrencies, given the historic year 2024. One of the 10 predictions made was that Bitcoin could trade for more than $200,000. .
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