$BTC
As of January 7, 2025, Bitcoin (BTC) is trading at approximately $97,821, reflecting a 4.26% decrease over the past 24 hours.
Despite this recent dip, Bitcoin has experienced significant growth over the past year, with its price increasing by more than 150% in 2023, marking its best annual performance since 2020.
Looking ahead, analysts at Steno Research project that Bitcoin could reach $150,000 in 2025, driven by factors such as increased institutional interest, the proliferation of cryptocurrency exchange-traded funds (ETFs), and supportive regulatory developments.
Additionally, the upcoming Bitcoin halving event, expected on April 20, 2025, is anticipated to impact the cryptocurrency's price, as similar events have historically influenced market dynamics.
Investors should remain aware of Bitcoin's inherent volatility and consider these factors when making investment decisions.
