As of January 7, 2025, Bitcoin (BTC) is trading at approximately $101,807, reflecting a 2.26% increase over the previous close.
In 2024, Bitcoin's value more than doubled, peaking at around $108,300 in mid-December. This surge was largely driven by the introduction of spot exchange-traded funds (ETFs) and expectations of a more favorable regulatory environment under President-elect Donald Trump.
Looking ahead, analysts have varying predictions for Bitcoin's performance in 2025:
Alex Thorn, head of research at Galaxy Digital, forecasts that Bitcoin could surpass $150,000 in the first half of 2025 and potentially reach $185,000 by year's end, citing increased adoption by institutions, corporations, and nation-states as key drivers.
John Glover, an analyst utilizing Elliott wave theory, suggests that Bitcoin might first decline to $89,000 before climbing above $125,000 within
