According to Standard Chartered analyst Jeff Kendrick, bitcoin's fall earlier this year will trigger a new rally to $120,000 this quarter amid investors' strategic exit from US assets.
According to Standard Chartered analyst Jeff Kendrick, bitcoin's fall earlier this year will trigger a new rally to $120,000 this quarter amid investors' strategic exit from US assets.
Despite unprecedented developments in the crypto industry in the first quarter of 2025, the crypto market finished it in the negative territory, according to a review published by crypto asset management company Bitwise on April 16.
According to blockchain data provider Glassnode, the number of addresses holding from 1,000 to 10,000 bitcoins has increased from 1,944 to 2014 since March 5.
On Wednesday, Bitcoin continued its downtrend, dipping below $83,500 after briefly stabilizing the day before. Market pressure has escalated due to unclear signals from the Trump administration regarding tariff policies.
The US Securities and Exchange Commission (SEC) has delayed its decision on a crucial aspect of Bitcoin and Ethereum-backed exchange-traded funds (ETF). The postponement concerns the approval of "in-kind" ETF creation and redemption.
Public companies boosted their Bitcoin reserves by 16.1% (95,431 tokens) in the first quarter of 2025. According to Bitwise, their total Bitcoin holdings now stand at 688,000 BTC, worth roughly $57 billion.
CoinMarketCap informs that Bitcoin is expected to rise to $1.8 million by 2035 regardless of a recent decline in its price and decreased investor interest caused by global trade tensions.
US President Donald Trump has signed an executive order repealing Internal Revenue Service demands for Decentralized Finance (DeFi). The federal agency considered DeFi brokers and required tracking and reporting user activity.
Charles Hoskinson, the founder of the Cardano blockchain, told CNBC that the crypto market will grow and Bitcoin may hit $250,000 by the end of 2025. The key drivers will be the easing of global trade tensions, as well as the expected Federal Reserve’s (Fed) rate cut.
Paul Atkins has recently taken the helm of the US Securities and Exchange Commission (SEC). With the official holding office, there may be a sudden shift in how the agency regulates.
Bitcoin is becoming a more prominent player in international trade, especially for countries looking to bypass US control over their financial systems. This week, Russia and China announced plans to use the decentralized cryptocurrency for energy payments, Reuters said in a report.
Bitcoin is the first and most commonly used cryptocurrency in the world. It holds a prominent place in the digital economy and draws the attention of traders and investors. High volatility and a wide range of influencing factors make the forecasting of its price complicated and requiring complex analysis.
Successful bitcoin trading is based on analyzing market trends, fundamentals, and technical factors.
Key elements that determine the value of bitcoin include:
Major investors and funds also have a considerable impact on the movement of bitcoin prices. Their massive purchases or sales can cause sharp fluctuations in the exchange rate. In addition, the general sentiment in the crypto market determines the dynamics of BTC, creating periods of high activity and deep corrections.
Forecasting the price of bitcoin is a complex task, as it is formed under the influence of many factors. Successful trading strategies and investment decisions require a thorough analysis of the macroeconomic situation, politics, and investor sentiment.