Bitcoin Price Prediction: Can Bitcoin Reach $1,000,000 by 2025?
The year 2024 began with great levels for all the cryptocurrencies including Bitcoin and Ethereum and also for crypto enthusiasts. The largest cryptocurrency in the world, BTC has lost approximately 65% of its market value in the entire last year. Crypto enthusiasts were caught off guard by a series of unpredictable events such as the Terra Luna crash, FTX fall, macroeconomic conditions and Binance guilty plea.
The start of the last year 2023 was strong for the cryptocurrencies as the crypto world showed signs of recovery. Bitcoin even rose an average of 0.39 in the month of July at around $31,000 in 2023. The crypto world is showing immense recovery as of October, November and December has BTC rising at good levels. As of the start of the new year Jan. 3, 2024, BTC is at $45,203, market capitalization at $886.64 billion and market volume at $31.76 billion. Bitcoin rises high as expected.
