The post Bitcoin Poised for New All-Time High by Q1 2025 Amid Positive Market Signals appeared on BitcoinEthereumNews.com.

In a recent discussion, Grayscale’s Director of Research, Zach Pandl, highlighted the potential for Bitcoin to set a new record high by the first quarter of 2025. This observation comes on the heels of the U.S. Department of Labor’s report indicating the creation of 143,000 jobs in January, which fell short of market forecasts. Pandl noted that this report may lead to a temporary pause in Federal Reserve interest rate hikes, although he does not foresee a significant shift in market valuations. He assessed that Bitcoin is poised to thrive under current conditions, supported by favorable policies, particularly in stablecoin legislation. He anticipates that as long as equities show resilience, the cryptocurrency ecosystem is likely to exhibit a bullish trend, reinforcing the potential for Bitcoin to reach unprecedented levels in the near term. Source: https://en.coinotag.com/breakingnews/bitcoin-poised-for-new-all-time-high-by-q1-2025-amid-positive-market-signals/

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Filed under: News - @ February 8, 2025 6:26 am