Bitcoin Soars, Surpassing $101,800 Once Again
Bitcoin (BTC) surges past $100,000 again, climbing 4% to $101,800 in the last 24 hours, while the cryptocurrency market sees gains of up to 7%, led by Avalanche (AVAX) on Monday, January 6.
Cryptocurrencies are starting the month with a strong bullish momentum, following a December that saw BTC reach an all-time high of $108,388.
Meanwhile, Ethereum rises by 1.3%, reaching $3,688. The market shows signs of optimism, driven by renewed interest in digital assets.
While most analysts expected a correction, the long-term outlook remains optimistic, with projections suggesting that BTC/USD could range between $150,000 and $80,000.
Disappointment regarding the proposed cryptocurrency policies by Trump and doubts about their implementation could trigger a significant market correction.
However, Bitcoin’s price remains buoyed by sustained demand for Bitcoin ETFs, a favorable macroeconomic environment, and an increase in global liquidity.
This projection highlights the importance of the Federal Reserve’s decisions and their impact on interest rates and inflation, which will be key factors influencing Bitcoin’s behavior in 2025.
Meme Currency Boom
Meme cryptocurrencies, initially seen as a joke circulating online, have become some of the main players in the 2024-2025 bull run, profoundly transforming valuation and trading criteria for digital assets. According to a report, the market capitalization of these coins grew from $20 billion in January to over $120 billion by the end of 2024, representing an astounding 500% increase in just one year.
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