Bitcoin’s price has surged to nearly $100,000, driven by institutional investors and increased regulatory certainty in the US. The stablecoins market has also grown, with a cumulative market capitalization of over $190 billion, led by Tether (USDT). Some experts predict that Bitcoin’s price could reach $120,000 by early 2025.
The surge is attributed to institutional investors and reduced uncertainties surrounding US regulatory policies. Market analysts cite increased maturity and mainstream adoption of cryptocurrencies as contributing factors. If existing opportunities continue, the asset may trade at $120,000 by early 2025.
Stablecoins have recently surpassed a cumulative market capitalization of $190 billion, with Tether (USDT) holding around 60% of this value. The rise in stablecoin adoption reflects growing demand for reliable digital assets. Additionally, Hong Kong has launched retail crypto trading, and StarkNet staking has introduced a new mechanism for users to back network validation.
The correlation between the crypto and traditional market continues to grow, with Bitcoin recording gains after the S&P 500’s historic milestone. Experts predict that regulatory reforms in the US could drive the price even higher, potentially reaching $200,000 by 2025.
Source: https://finance.yahoo.com/news/cryptocurrency-market-weekly-news-bitcoin-133011912.html