Can Bitcoin Hit $150,000 In January? Ethereum Continues To Rise As $5,000 Valuation Around The Corner
The post Can Bitcoin Hit $150,000 In January? Ethereum Continues To Rise As $5,000 Valuation Around The Corner appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) is currently trading at around the $97,000 mark though industry analysts have made bold suggestions that it could surpass $150,000 come late January as major political changes are set to occur in the U.S. Another big timer, Ethereum, had some massive fluctuations throughout 2024, but has risen steadily in the last quarter of 2024. It is now pacing steadily towards the $5,000 mark, though whether it will achieve this in 2025 is unclear. Meanwhile, Lunex Network ($LNEX) is gaining prominence for its modern take on crypto trading. Boasting low fees and high levels of interoperability, this protocol is taking the crypto world by storm. So, how will these two old timers and this promising newbie perform in the New Year? Bitcoin (BTC) Posts 116% Annual Gain Bitcoin (BTC) posted a net 116% increase over the course of 2024, and some analysts believe Bitcoin (BTC) could soar to $150,000 in January. Such dramatic predictions stem from the fact that Trump will take office in the U.S. on January 20. Trump has strongly implied that his government will support crypto and many of his appointed political team are crypto advocates. With Bitcoin being the largest cryptocurrency by market cap, Bitcoin may see a big price spike following this political handover. Looking back to 2024, Bitcoin (BTC) made some technical progress with updates to Bitkey, a Bitcoin hardware wallet. This allows Bitcoin holders to store the currency without the need for assistance from a third party. This ensures holders maintain full control of their assets. Ethereum (ETH) Prioritizes Energy Efficiency Ethereum (ETH) saw only a minor 50% gain in 2024. However, this is largely because Ethereum’s developers have been focused on building the network’s future prospects with long-term orientated updates. Namely, they have massively improved Ethereum’s (ETH) energy efficiency with a…
Filed under: News - @ January 4, 2025 9:14 am