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Increase in Bitcoin’s Value: December Trends and Future Outlook

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A fun digital illustration of Bitcoin as a golden rocket soaring into the sky, leaving a trail of glowing cryptocurrency symbols. The background features playful cartoonish clouds and financial charts, symbolizing growth and optimism in the crypto market.

Bitcoin’s End-of-Year Performance

Recent Trading Activity

Bitcoin saw a minor 0.8% increase, reaching $94,545 by December’s end, despite overall market challenges. The cryptocurrency rebounded from a low of $91,522, with informed investors capitalizing on the dip.

December Losses and Contributing Factors

Bitcoin is poised for a 4% loss in December, its first monthly dip since August. This downturn is attributed to macroeconomic pressures, particularly the U.S. Federal Reserve’s hawkish stance on interest rates.

Market Impact of 2024 Events

Following Donald Trump’s election victory in November, Bitcoin surged nearly 40%, hitting a record high of $108,244.9 before retracing. Profit-taking and market caution contributed to this decline.

Increase in Bitcoin’s value : Impact on Crypto Stocks and Other Cryptocurrencies

Decline in RELATED Stocks

Bitcoin’s performance influenced stocks tied to cryptocurrency:

  • MicroStrategy Incorporated: Down 8.2%.
  • Coinbase Global Inc: Lost 3.2%.
  • Riot and Marathon Digital Holdings Inc: Declined by 4.5% and 6.2%, respectively.

Altcoin Performance

Other cryptocurrencies also experienced declines:

  • Ethereum: Dropped 0.6%, closing the month 8% lower at $3,395.21.
  • Binance Coin: Flat at $2.081.
  • Cardano and XRP: Fell by 1.3% and 1.5%, respectively.
  • Shiba Inu: Declined marginally by 0.3%.

2025 Outlook for Bitcoin and Altcoins

Predictions for Bitcoin

Steno Research forecasts Bitcoin breaching $150,000 by 2025, a significant increase from its current $94,000 level. This growth is fueled by historical trends and the potential market effects of Trump’s election win.

Ether and Altcoin Prospects

  • Ethereum: Expected to outpace Bitcoin, potentially exceeding $8,000, more than doubling its current value.
  • Altcoins: Anticipated growth in decentralized applications could result in a total value locked (TVL) of $300 billion. The introduction of cryptocurrency ETFs in the U.S. may further stimulate altcoin demand, a good start for 2025 ?

Market Shifts after this Increase in Bitcoin’s value

  • Ether/Bitcoin ratio is predicted to rise, while Bitcoin’s market dominance may decrease to 45%.
  • Increased interest in decentralized applications and ETFs could amplify the altcoin boom.

Noah Connor is a journalist specializing in cryptocurrencies and blockchain, recognized for her in-depth expertise and ability to demystify the complex issues of the digital ecosystem. Passionate about new technologies and financial innovation, she began her career in economic journalism before fully immersing herself in the world of crypto-assets at the dawn of the blockchain revolution. For several years, Noah has been covering the latest trends in the cryptocurrency market, from regulations to technological innovations, market movements, and geopolitical analyses shaping the future of decentralized finance. Her rigorous approach and commitment to providing reliable and accessible information have earned her a solid reputation in the field. In addition to her articles, she is also regularly invited to participate in conferences and debates on the impact of cryptocurrencies on the global economy.

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