Cryptocurrencies continued to rise during Friday's trading, led by Bitcoin, which exceeded $96,000, amid expectations of further increases during the new year.
Famous cryptocurrency analyst Michael van de Poppe predicted that the price of Bitcoin would reach $150,000 by the end of 2025, an increase of 60% compared to current levels, due to optimism about the new US administration led by Donald Trump.
De Poppe said that his expectations are due to many economic factors, including the expansion of the global money supply, in addition to the strong challenges facing the largest economy in the world.
Bitcoin rose by 1.22% to trade at $96,832,000, approaching the important psychological level of $100,000 again.
The market value of the largest digital currency in the world increased to $1.92 trillion, while its trading volume increased during the last 24 hours to $42.66 billion.
On a weekly basis, Bitcoin managed to add about 0.58% to its value.
As for other cryptocurrency prices, Ethereum rose by about 1.22% today to $3,457, while Cardano rose by 7.50% to $1.0157.
Ripple rose by about 1.95% to $2.4491, and Dogecoin rose by 1.89% to reach $0.339849.
