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Cryptocurrency News Articles

Bitcoin (BTC) Price Prediction: Market Observation Highlights Potential Turning Point in 2025

Jan 03, 2025 at 11:06 am

Bitcoin remains at the center of attention for professional investors and traders, with its volatility bringing significant profit potential. After hitting a record high, the price of Bitcoin has slightly corrected, and market analysts expect an important turning point in 2025.

Bitcoin (BTC) Price Prediction: Market Observation Highlights Potential Turning Point in 2025

Bitcoin price analysis: BTC stalls at $97K as XRP, SOL, DOGE shine with market dominance

Bitcoin price showed signs of stalling on Tuesday morning in Asia, with a slight decrease in market dominance. However, key altcoins like XRP, Solana (SOL), and Dogecoin (DOGE) demonstrated resilience with market dominance.

Bitcoin price was trading at $96,651 by 09:30 HKT, showing a 2.9% increase over the past 24 hours. BTC price also dropped slightly over the past seven days.

Meanwhile, XRP price surged by 6.2% to $0.968, SOL price increased by 3.4% to $344, and DOGE price rose by 2.2% to $0.097.

Data from Coinglass showed that large transaction volume fell by 35.4%, while daily active addresses also decreased slightly. However, market sentiment remained optimistic about the long-term prospects of Bitcoin and altcoins, thanks to ETF inflows and the continued improvement of the regulatory environment.

After hitting a record high, the price of Bitcoin has slightly corrected, and market analysts expect an important turning point in 2025. Meanwhile, Robert Kiyosaki, author of “Rich Dad Poor Dad,” predicts that the price of Bitcoin could soar to $175,000 to $350,000.

BlackRock’s iShares Bitcoin Trust (IBIT) has performed well and set a new benchmark for the ETF market. Despite the challenges faced by the Ethereum network, its ETF still hit a record high in inflows in December last year. In addition, BlackRock’s Bitcoin ETF exceeded $50 billion in size less than 11 months after its launch, becoming an important milestone in the history of ETFs.

Market sentiment generally shows bullish, with experts expecting Bitcoin adoption to increase significantly. Galaxy Research said that by 2025, five countries may invest in Bitcoin as a strategic asset. At the same time, Switzerland plans to launch a referendum on the Bitcoin proposal, and if 100,000 signatures are collected by June 2026, the proposal will enter the next stage.

News source:www.panewslab.com

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