Reported 3 days ago
In 2024, Bitcoin's value more than doubled, reaching $100,000, bolstered by the U.S. SEC's approval of exchange-traded funds tied to its spot price and renewed optimism following Donald Trump’s election. This surge, exceeding 120% for Bitcoin and nearly 50% for Ethereum, has propelled the cryptocurrency market's value to around $3.5 trillion. Analysts foresee further growth, predicting Bitcoin could reach $200,000 by late 2025. The approval of Bitcoin ETFs marked a significant milestone for the crypto industry, attracting institutional interest and elevating the status of Bitcoin as a 'store of value' asset.
Source: YAHOO