#MarketRebound In December 2024, the cryptocurrency market experienced a significant pullback, with Bitcoin (BTC) declining over 15% from its all-time high of $108,000, reaching lows around $92,000.

This downturn dampened hopes for a traditional “Santa Claus rally,” a period when crypto assets typically appreciate during the holiday season.

Despite this, some altcoins, including Ethereum (ETH), showed resilience with modest gains of 3-4%.

Looking ahead, analysts maintain a positive outlook for Bitcoin through 2025, with varying predictions. Bitwise forecasts Bitcoin could attain $200,000 and potentially $500,000 if the US government adopts a strategic bitcoin reserve. Standard Chartered shares a positive outlook, while VanEck projects Bitcoin reaching $180,000 amidst significant volatility.

The future trajectory of altcoins remains closely tied to Bitcoin’s performance and broader market sentiment.