Bitcoin has fallen 7% in the past 7 days. Ethereum has plummeted 10% during the same period. Ripple and Solana have also seen similar declines. The cryptocurrency market has been overshadowed by bearish sentiment after the Federal Reserve hinted at a hawkish outlook for 2025. Traders have started to reduce the risk in their portfolios, leading to Bitcoin's decline from its record high of $108,000. However, many experts in the cryptocurrency market are bullish on Bitcoin's price next year. Most cryptocurrency authorities believe that Bitcoin's price will be higher than its current level next year, including:
1. K33 Research Institute predicts that Bitcoin's price will reach at least $146,000 next year;
2. Standard Chartered Bank, Bernstein, and Bitwise all expect Bitcoin's price to reach $200,000;
3. Fundstrat founder Tom Lee expects Bitcoin's price to reach $250,000.
Incoming U.S. President Trump will be inaugurated on January 20, and every cryptocurrency investor's attention is focused on the upcoming cryptocurrency policy. Trump has even expressed an open attitude towards the establishment of a Bitcoin strategic reserve in the U.S. (Jin Shi)

#BTC #ETH