Experts believe that the Bitcoin price could reach between $150,000 and $400,000 by 2025. In the first week of 2025, Bitcoin (BTC) showed slight positive momentum. Over the last seven days, its price increased by 3.56%, hitting $98,699 and getting closer to the key $100,000 mark.
This year could be positive for the cryptocurrency market, as regulations, especially in the United States, are expected to improve. This positive environment is attracting more large investors and institutions to the market.
The first week of the year is already looking good, and here are the key updates you might have missed last week.
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TOP CRYPTO NEWS RECAP (December 22 - 28, 2024)
● Bitcoin's 2025 Price Could Range from $150K to $400K, Says Blockware
● FTX Reorganization Plan Begins, Users to Receive Funds
● Uniswap Teases v4 Launch in 2025 After Q3 Delay
● US Crypto Execs Hope for Regulatory Clarity in 2025
● Blockchain Association Sues IRS Over New Crypto Broker Rules
● IRS Expands Reporting Rules to Include DeFi Front-Ends as Brokers
Bitcoin's 2025 Price Could Range from $150K to $400K, Says Blockware
Blockware Solutions forecasts Bitcoin's potential price in 2025 could range from $150,000 to $400,000, driven by key factors like Donald Trump's Strategic Bitcoin Reserve plan and Federal Reserve policies. In the "bear case," Bitcoin could rise 58% to $150,000 if the reserve plan is delayed or the Fed reverses course on interest rates. The "base case" targets $225,000, assuming steady corporate adoption and government action. However, in the "bull case," a more dovish Fed and accelerated adoption could push Bitcoin to $400,000.
FTX Reorganization Plan Begins, Users to Receive Funds
The bankruptcy cryptocurrency exchange FTX's reorganization plan took effect on January 3. Users claiming $50,000 or less can expect to receive their funds within 60 days. To be eligible, users must have filed claims through the official FTX website. The plan, approved in October, ensures that 98% of users will be reimbursed 119% of their declared funds. While many are hopeful, some creditors have criticized the plan for using 2022 cryptocurrency prices. FTX's saga began with its November 2022 bankruptcy and continued with criminal charges against key executives.
Uniswap Teases v4 Launch in 2025 After Q3 Delay
Uniswap has teased the upcoming launch of its DeFi platform's latest version, v4, which is expected in 2025 after missing its initial Q3 2024 target. The decentralized exchange shared a hint on January 2 with an image and the caption, "v4 is coming soon." Uniswap v4 will introduce major upgrades, including dynamic fees, custom oracles, and automated liquidity management. The platform has been in testing throughout 2024, with a $15.5 million bug bounty program in place. Uniswap remains the leading decentralized exchange by trading volume.
US Crypto Execs Hope for Regulatory Clarity in 2025
With a new US presidential administration and Congress taking office in 2025, many in the digital asset industry hope for clearer and more favorable regulations. Ripple's Stuart Alderoty expressed optimism that the SEC will clarify key principles for digital assets, particularly regarding token classifications. Meanwhile, Coinbase's Paul Grewal sees a potential impact from the US Supreme Court's June 2024 ruling on the Chevron doctrine, which could influence SEC cases. As court cases against crypto firms progress, industry leaders are hopeful for positive shifts under the new leadership.
Blockchain Association Sues IRS Over New Crypto Broker Rules
The Blockchain Association filed a lawsuit against the IRS on Dec. 28 regarding its new rule requiring brokers to report digital asset transactions, including those involving decentralized exchanges (DEXs). The lawsuit argues that the rule exceeds the IRS’s statutory authority and violates the Administrative Procedure Act. The regulations, set to take effect in 2027, mandate brokers disclose details about transactions and taxpayers involved. The Blockchain Association claims the rules infringe on privacy rights and could harm blockchain developers and decentralized finance (DeFi) users.
IRS Expands Reporting Rules to Include DeFi Front-Ends as Brokers
The IRS has introduced new regulations requiring brokers to report digital asset transactions, including those from decentralized finance (DeFi) front-end platforms. Effective in 2027, these rules mandate that platforms facilitating digital asset sales disclose gross proceeds and taxpayer details. The regulations classify DeFi front-ends as brokers if they influence or control transactions, even through smart contracts. This move aims to enhance transparency, with the IRS estimating that up to 2.6 million taxpayers could be impacted by these changes. Critics argue it may burden DeFi developers and users.
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