Bitcoin is on track to finish 2024 up more than 120 percent.

#Bitcoin is on the rise on the last day of the year. The price of Bitcoin rose to $94,541.64 during the day. It is currently trading at $93,902, up 2.2 percent.

If Bitcoin closes the day at these levels, it will have finished 2024 with an increase of approximately 123 percent. The price of Bitcoin has fallen by 3.6 percent in the last month.

Bitcoin gained a big boost after the election of Donald Trump in the US. This opened up expectations for policies that support cryptocurrencies and increase demand for them. Some speculators are betting that Bitcoin will rise even higher in 2025, potentially more than doubling its value to $200,000.

UK bookmaker Star Sports is giving 6/1 odds for bitcoin to rise above $200,000 in 2025. However, the cryptocurrency’s extremely high volatility is still keeping many investors cautious.

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