Crypto Market Predicted To Surge To All-Time Highs By Late 2025, But A 30% Drop In Bitcoin Prices Could Come First
Posted On December 14, 2024
Asset manager VanEck has projected a significant upswing in the cryptocurrency market, anticipating record highs by the end of 2025. This prediction outlines expectations for Bitcoin (CRYPTO: BTC) to reach approximately $180,000 and Ethereum (CRYPTO: ETH) to exceed $6,000.
What Happened: According to Matthew Sigel, head of digital asset research at VanEck, the firm foresees a 30% retracement in Bitcoin prices before these highs, with altcoins potentially experiencing sharper declines of up to 60% during market consolidation in the summer.
VanEck also predicts the U.S. will adopt a Bitcoin strategic reserve in 2025, with regulators approving more crypto exchange-traded …
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