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Showing posts with the label macroeconomic factors

Bitcoin price prediction for 2025

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Bitcoin (BTC) saw explosive momentum starting in early November. By December 4, the leading cryptocurrency reached a new all-time high — closing above $100,000 for the first time in history. However, in mid-December, the Federal Reserve announced that it would only make two rate cuts in 2025. Both the stock market and the cryptocurrency market saw an immediate pullback — on December 20, as much as $310 billion in value stored in digital assets was erased. Things have improved somewhat since then — BTC has not reclaimed the $100,000 mark as of press time, but it has retraced back to approximately $96,240. Over the course of the last 7 trading days, Bitcoin has seen prices increase by just 0.78% — with year-to-date (YTD) returns standing at 128.02%. Picks for you Bitcoin adds $1.1 trillion in 2024 2 hours ago ...