The cryptocurrency market has kickstarted a new chapter in 2025 and is recovering from its recent fall. Bitcoin (BTC), the world’s largest cryptocurrency, continues to remain below the $100,000 mark. But the community hopes to see a rise in the coming days and even months. President-elect Donald Trump has pledged a more favorable regulatory climate, which is likely to make this year a prominent year for the industry as a whole.
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Bitcoin Continues To Trade Below $100,000
The world’s largest cryptocurrency managed to rise all the way to a high of $97,704. During the time of writing, the king coin was trading at $96,149.30, following a 0.15% rise in the last 24 hours. Bitcoin is currently trading 11% below its peak of $108,268. The asset reached this high back in December.
Amidst this, several predictions came to light. Galaxy Research predicts that by the first half of 2025, Bitcoin will have surpassed $150,000, and by the fourth quarter, it will have tested or above $185,000.Bitcoin has continuously outperformed other asset classes, including gold and the S&P 500, and it will do so again in 2025, according to Galaxy Research. It is projected that the market capitalization of Bitcoin will surpass that of gold by 20%.
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Weekend Prediction
It seems like the Bitcoin market will be turning over a bullish page this weekend. According to data from CoinCodex, the king coin will continue trading below $100,000 on January 4. But on Sunday which is January 5, the world’s largest cryptocurrency will reportedly rise to a high of $100,656, This further highlights a nearly 5% spike in the price of Bitcoin.
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The firm revealed that the coming week holds increased surprises for the BTC market. Investors will be pocketing gains throughout the next couple of days.