#BitwiseBitcoinETF
As of December 28, 2024, Bitcoin (BTC) is trading at approximately $94,307, reflecting a slight decline from its recent peak of $108,309 on December 17.
Despite this pullback, Bitcoin has appreciated over 100% this year, driven by factors such as the introduction of spot Bitcoin ETFs and optimism surrounding supportive crypto policies under President-elect Donald Trump.
Analysts project that Bitcoin could reach between $180,000 and $200,000 by the end of 2025, citing limited supply, growing institutional demand, and the potential effects of the four-year halving cycle.
However, the market remains volatile, with potential short-term fluctuations expected due to factors like the impending expiry of approximately $18 billion in cryptocurrency options.
Investors are advised to stay informed and exercise caution, as the market is influenced by various economic and geopolitical factors