2024 is coming to an end, and 2024 is a memorable year for the crypto market. In March, Bitcoin broke through the previous high of $69,000 and reached $73,777. I never thought that the real bull market would only start in the second half of the year. Bitcoin has been ready to move since September. With the momentum of the US election, Trump, Musk and others have continued to shout, and Bitcoin has broken through historical highs again and again. Finally, after entering December, it reached a high of $108,353. At present, the first stage of the bull market has ended. Bitcoin has led the progress of many digital currencies in the callback stage. After consolidation, the second stage of the bull market will start in January 2025. So what is likely to happen in the crypto market in 2025?
1. Trump officially took office, and the crypto market exploded again.
During the US election and when Trump was officially elected, the cryptocurrency circle was in an uproar, but good news kept coming out, bringing Bitcoin to new heights. Popular coins such as Dogecoin, XRP, and PNUT have doubled several times. The popularity of the crypto market has continued to increase, and many newcomers at home and abroad have joined the crypto market. Dogecoin has become one of the must-buy cryptocurrencies. As a result, a large amount of funds and users have entered the crypto market, and the market value of Bitcoin has been pulled up to 2 trillion US dollars, and the total market value of cryptocurrencies has reached the 4 trillion US dollar mark. It once became the seventh largest fixed asset in the world.
When Trump officially takes office on January 20, I believe the popularity of the cryptocurrency market will be brought to a new level, and more retail investors and funds will enter the crypto market.
2. As the United States built Bitcoin into a strategic material, other countries followed suit, and Bitcoin rose to an all-time high of $180,000.
Trump expressed his attitude towards cryptocurrencies during the election. Not only did he strongly support it, but the Trump family actually invested in crypto projects. During the election, he also expressed his intention to make Bitcoin a strategic material for the United States. As soon as this news came out, some European countries also proposed to support Bitcoin. If Trump waits until he officially takes office and releases news about the crypto market and the plan to make Bitcoin a strategic material, Bitcoin will continue to surge upward! By then, Bitcoin is expected to hit a price of $180,000 or even higher, and the overall market value will be as high as $4 trillion.
3. Ethereum exploded and rose to its all-time high of $6,000-8,000. Dogecoin rose to $1.
Ethereum performed mediocrely in this bull market, reaching a price of $4,107 on the 16th of this month. Although not very high, it is already the highest point in the past three years. When Bitcoin broke through historical highs again and again, Ethereum hovered between $3,000 and $4,000. When Trump takes office in 2025, Bitcoin will hit a new high, and Ethereum's highlight moment will inevitably come. Breaking through the previous historical high of $4,868 is certainly a piece of cake, and it is expected to reach between $6,000 and $8,000.
The performance of Dogecoin, which everyone is looking forward to, will explode again. Although it has performed very well in the first half of this bull market, with the blessing of the 25-year bull market, plus Bitcoin breaking new highs, Trump taking office, Musk's calls, etc., it will break through the 21-year high of US$0.73 and hit the US$1 that everyone is looking forward to. Maybe it will really come true!
4. Altcoins have exploded, increasing by 5-10 times.
When the bull market really enters the second stage, it is actually the time when the altcoins and second-tier mainstream coins explode. The existing altcoins will rise to varying degrees. It is not uncommon to see some popular altcoins rise 5 times, 10 times, or even dozens of times due to a certain piece of news. There will also be a hundred-fold coin bursting out in the market, and it is normal for a coin to rise several times a day. The real altcoin season has completely arrived!
So the current operation suggestion is that since the market is in the period from the first stage of the bull market to the second stage, the overall trend of the market in the past few days is downward and in the consolidation stage. It is currently recommended to reduce opening positions, or focus on short-term waves, but be sure to hold a light position. There is never a lack of opportunities in the currency circle, but what is lacking is very sure opportunities.
We are currently planning swing trading. In the second phase of the bull market, we have already started to plan for second-tier mainstream coins with potential for doubling and good performance! This is our current operation record.
If you often sell at a loss in the bull market, get stuck, don't know how to analyze the market trend, and haven't made any money in the first half of the bull market, please follow me and follow our operations to help you go through the bull and bear markets and operate steadily! I am Lei Ge, and I have been focusing on the cryptocurrency circle for seven years. I have conducted in-depth research on primary projects and secondary markets. Learn more about high-quality primary project information and secondary buying and selling point recommendations. I will only protect your investment in the cryptocurrency circle!
