As the end of 2024 nears, BTC price trend gains momentum. Crossing new resistances and preparing for a massive breakout run, Bitcoin targets a dominant rally in the six-digit price realm.
Over 94,000 crypto traders lost $320 million in liquidations as Bitcoin defies bearish expectations.
Bitcoin surged past $106,000 as speculation over MicroStrategy’s latest Bitcoin purchase fueled bullish sentiment.
The Bitcoin rally breaking the $2T valuations to reach $100K+ levels projects a prolonged bull run in 2025. Based on the halving cycles and the increasing anticipations around new pro-crypto regulations in the US, the predictions for 2025 are incredibly bullish.
The company funded its latest Bitcoin purchase with proceeds from a $525 million convertible bond issuance.
Matrixport sees Bitcoin growing as high as $160,000 in the coming year.
BlackRock, the world’s largest asset manager, recommends clients allocate 1-2% of traditional portfolios to Bitcoin, drawing parallels between cryptocurrency investment risks and those of mega-cap tech stocks while cautioning against higher exposure.
“A strategic bitcoin reserve, investing in bitcoin, would be a win-win for the state,” said Republican State Representative Giovanni Capriglione.
AMP, Australia’s major retirement fund, has made a pioneering move by investing $27 million in Bitcoin, becoming the first significant superannuation fund to do so.
Byte Federal noted that the hackers accessed personal information including name, address, phone number, email, government-issued ID, social security number, transaction activity, and photographs of users.
Sygnum Bank states that institutional inflows will drive Bitcoin’s price to new highs in 2025, while altcoin growth depends heavily on supportive US regulatory changes.
The anticipated approval of a strategic Bitcoin reserve in the United States has heightened the demand for BTC among institutional investors led by MicroStrategy.
The recent large transfers have now raised hopes among creditors that payouts might be sooner than they expect.
According to CoinShares, Bitcoin will become a top instrument shaping corporate investment strategies.
MicroStrategy has, so far, employed a rather aggressive approach in its Bitcoin accumulation.