Shafi khan 72
@Square-Creator-e0de09f5f69e
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$WIF
$XRP
$PYTH
"Important Information For Muslims"
Question:Is future Trading halal or haram?
Answer:Haram
When I started trading I never did futures in my life but I don't know what happened to me recently so I started future trading because one of my friend told me it was halal So I started to trade in futures.I did my analysis and took entry in several coins,I managed to earn good Profit but in this week my account got liquidated four times and I lost my money.Now People will come and say that you didn't do any analysis that's why you lost it but I did the analysis but the market was against me.So I advice everyone to stay away from it because it disturbs your mental health alot
Question:Why Future Trading is haram?
Answer: Future trading is haram because it involves interest
Surah Baqrah Verse 279:
"If believers do not give up interest, they will face war from Allah and His Messenger. However, if they repent, they may keep their principal"
PROPHET MUHAMMAD (ﷺ) said:
"There are seventy degrees of interest, the least of which is equivalent to a man having intercourse with his mother"
Many Scholars prohibited because its haram but people still try to find a good reason to prove its halal
Brothers and Sisters Please Stay Away From It Because it is for your own good
A Muslim must obey the orders of Allah and his Prophet Muhammad(P.B.U.H)
"You can do Spot Trading which is halal"
Follow For More Information like this
May Allah Helps us all in finding the right Path Ameen!
$XRP
$PYTH
"Important Information For Muslims"
Question:Is future Trading halal or haram?
Answer:Haram
When I started trading I never did futures in my life but I don't know what happened to me recently so I started future trading because one of my friend told me it was halal So I started to trade in futures.I did my analysis and took entry in several coins,I managed to earn good Profit but in this week my account got liquidated four times and I lost my money.Now People will come and say that you didn't do any analysis that's why you lost it but I did the analysis but the market was against me.So I advice everyone to stay away from it because it disturbs your mental health alot
Question:Why Future Trading is haram?
Answer: Future trading is haram because it involves interest
Surah Baqrah Verse 279:
"If believers do not give up interest, they will face war from Allah and His Messenger. However, if they repent, they may keep their principal"
PROPHET MUHAMMAD (ﷺ) said:
"There are seventy degrees of interest, the least of which is equivalent to a man having intercourse with his mother"
Many Scholars prohibited because its haram but people still try to find a good reason to prove its halal
Brothers and Sisters Please Stay Away From It Because it is for your own good
A Muslim must obey the orders of Allah and his Prophet Muhammad(P.B.U.H)
"You can do Spot Trading which is halal"
Follow For More Information like this
May Allah Helps us all in finding the right Path Ameen!
$#XmasCryptoMiracles
Christmas and crepto market
The cryptocurrency market has exhibited notable activity during the 2024 Christmas period, with Bitcoin (BTC) experiencing significant price movements.
On Christmas Eve, Bitcoin's price surged to just over $99,000, marking a substantial increase from its previous levels. This upward movement contributed to the total cryptocurrency market capitalization approaching $3.6 trillion.
However, this rally was short-lived, as Bitcoin's price declined to approximately $94,000 on December 23, reaching its lowest point since late November. This decline dampened expectations for a sustained "Santa Claus rally," a term used to describe price increases during the holiday season.
In addition to price fluctuations, the market saw significant outflows from U.S. spot Bitcoin ETFs, totaling $1.52 billion over four days during the holiday season. Notably, BlackRock's iShares Bitcoin Trust (IBIT) experienced a record single-day outflow of $188.7 million on Christmas Eve, raising questions about institutional investor sentiment.
Despite these developments, some analysts remain optimistic about Bitcoin's trajectory, citing historical patterns of post-Christmas rallies, especially in years following halving events. Projections suggest potential targets of $150,000 in 2025, though key resistance levels around $101,000 and support at $69,000 are critical factors to monitor.
Overall, the cryptocurrency market during the 2024 Christmas period has been characterized by volatility, with significant price movements and investor activity influencing market dynamics.
#XmasCryptoMiracles
Christmas and crepto market
The cryptocurrency market has exhibited notable activity during the 2024 Christmas period, with Bitcoin (BTC) experiencing significant price movements.
On Christmas Eve, Bitcoin's price surged to just over $99,000, marking a substantial increase from its previous levels. This upward movement contributed to the total cryptocurrency market capitalization approaching $3.6 trillion.
However, this rally was short-lived, as Bitcoin's price declined to approximately $94,000 on December 23, reaching its lowest point since late November. This decline dampened expectations for a sustained "Santa Claus rally," a term used to describe price increases during the holiday season.
In addition to price fluctuations, the market saw significant outflows from U.S. spot Bitcoin ETFs, totaling $1.52 billion over four days during the holiday season. Notably, BlackRock's iShares Bitcoin Trust (IBIT) experienced a record single-day outflow of $188.7 million on Christmas Eve, raising questions about institutional investor sentiment.
Despite these developments, some analysts remain optimistic about Bitcoin's trajectory, citing historical patterns of post-Christmas rallies, especially in years following halving events. Projections suggest potential targets of $150,000 in 2025, though key resistance levels around $101,000 and support at $69,000 are critical factors to monitor.
Overall, the cryptocurrency market during the 2024 Christmas period has been characterized by volatility, with significant price movements and investor activity influencing market dynamics.
#XmasCryptoMiracles
My Assets Distribution
BTC
SOL
Others
19.95%
16.75%
63.30%
#MarketRebound
The cryptocurrency market has recently experienced a notable rebound, with Bitcoin (BTC) leading the surge.
This upward movement has sparked discussions about a potential "Santa rally," a term used to describe market gains during the holiday season.
Analysts attribute this rebound to several factors, including increased buying pressure from large spot buyers and a general recovery in global risk markets.
On-chain data indicates that significant short positions have been liquidated, contributing to the upward momentum.
Despite this optimism, some experts advise caution, noting that Bitcoin is approaching previous support levels that may now act as resistance.
The broader cryptocurrency market has mirrored Bitcoin's performance, with major altcoins such as Ethereum (ETH), BNB (BNB), XRP (XRP), and Cardano (ADA) also showing gains.
As the year draws to a close, investors are closely monitoring market dynamics to assess whether this rebound will lead to sustained growth or if further volatility lies ahead.
#MarketRebound
The cryptocurrency market has recently experienced a notable rebound, with Bitcoin (BTC) leading the surge.
This upward movement has sparked discussions about a potential "Santa rally," a term used to describe market gains during the holiday season.
Analysts attribute this rebound to several factors, including increased buying pressure from large spot buyers and a general recovery in global risk markets.
On-chain data indicates that significant short positions have been liquidated, contributing to the upward momentum.
Despite this optimism, some experts advise caution, noting that Bitcoin is approaching previous support levels that may now act as resistance.
The broader cryptocurrency market has mirrored Bitcoin's performance, with major altcoins such as Ethereum (ETH), BNB (BNB), XRP (XRP), and Cardano (ADA) also showing gains.
As the year draws to a close, investors are closely monitoring market dynamics to assess whether this rebound will lead to sustained growth or if further volatility lies ahead.
#MarketRebound
100 k from 1k ' My secret
Turning $1,000 into $100,000 in cryptocurrency within 2025 requires significant returns, which are rare but not impossible in a highly volatile market. This translates to a 100x return, which has been achieved in past crypto cycles with strategic investments in emerging or undervalued projects. Here's a guide on how to approach this:
1. Understand the Risk
High risk, high reward: Achieving such returns typically involves investing in smaller-cap or speculative coins.
Volatility: Prices can sw
1. Understand the Risk
High risk, high reward: Achieving such returns typically involves investing in smaller-cap or speculative coins.
Volatility: Prices can sw
Most valuable cryptocurrency for 2025
Top coins for 2025
As of December 25, 2024, several cryptocurrencies are poised for significant growth in 2025. Here are some top coins to consider:
Bitcoin (BTC)
Often referred to as 'digital gold,' Bitcoin remains a foundational asset in the crypto market. Analysts project its price could range between $75,500 and $150,000 in 2025, with a potential high of $175,000, driven by institutional adoption and broader acceptance.
2
**Bitcoin (BTC)**
Often referred to as 'digital gold,' Bitcoin
As of December 25, 2024, several cryptocurrencies are poised for significant growth in 2025. Here are some top coins to consider:
Bitcoin (BTC)
Often referred to as 'digital gold,' Bitcoin remains a foundational asset in the crypto market. Analysts project its price could range between $75,500 and $150,000 in 2025, with a potential high of $175,000, driven by institutional adoption and broader acceptance.
2
**Bitcoin (BTC)**
Often referred to as 'digital gold,' Bitcoin
Challenges for crepto market in 2025 .
The cryptocurrency market is likely to face several challenges in 2025, which could shape its adoption, regulation, and technological development. Key challenges include:
1. Regulatory Uncertainty
Governments worldwide continue to grapple with how to regulate cryptocurrencies.
Stricter compliance requirements could hinder innovation and market growth.
Possible bans or restrictions in certain regions could deter users and investors.
2. Security Concerns
Ongoing risks of hacking, fraud, and theft on crypto exchanges and wallets.
Ensuring the security of decentralized finance (DeFi) platforms remains a challenge.
Rising sophistication in cyberattacks targeting blockchain networks.
3. Scalability Issues
Many blockchain networks struggle with transaction speed and cost during high demand.
Solutions like layer-2 scaling and interoperability still require mass adoption and improvement.
4. Market Volatility
Extreme price fluctuations can deter institutional and retail investors.
High volatility limits the use of cryptocurrencies as a stable store of value.
5. Environmental Concerns
Energy-intensive mining operations continue to face criticism for their environmental impact.
Adoption of eco-friendly blockchain solutions may take time.
6. Competition
Emergence of Central Bank Digital Currencies (CBDCs) could compete with cryptocurrencies.
New blockchain projects and technologies may outpace older networks like Bitcoin and Ethereum.
7. Adoption Barriers
User experience for crypto newcomers remains complex, slowing adoption.
Limited education and awareness about blockchain technology.
8. Geopolitical Risks
Economic sanctions, global conflicts, and political instability can disrupt market access and liquidity.
9. Regulatory Pushback on Privacy
Privacy-focused cryptocurrencies might face increased scrutiny from governments due to concerns over money laundering and illicit use.
Addressing these challenges will require collaboration among developers, regulators, and the broader community .
The cryptocurrency market is likely to face several challenges in 2025, which could shape its adoption, regulation, and technological development. Key challenges include:
1. Regulatory Uncertainty
Governments worldwide continue to grapple with how to regulate cryptocurrencies.
Stricter compliance requirements could hinder innovation and market growth.
Possible bans or restrictions in certain regions could deter users and investors.
2. Security Concerns
Ongoing risks of hacking, fraud, and theft on crypto exchanges and wallets.
Ensuring the security of decentralized finance (DeFi) platforms remains a challenge.
Rising sophistication in cyberattacks targeting blockchain networks.
3. Scalability Issues
Many blockchain networks struggle with transaction speed and cost during high demand.
Solutions like layer-2 scaling and interoperability still require mass adoption and improvement.
4. Market Volatility
Extreme price fluctuations can deter institutional and retail investors.
High volatility limits the use of cryptocurrencies as a stable store of value.
5. Environmental Concerns
Energy-intensive mining operations continue to face criticism for their environmental impact.
Adoption of eco-friendly blockchain solutions may take time.
6. Competition
Emergence of Central Bank Digital Currencies (CBDCs) could compete with cryptocurrencies.
New blockchain projects and technologies may outpace older networks like Bitcoin and Ethereum.
7. Adoption Barriers
User experience for crypto newcomers remains complex, slowing adoption.
Limited education and awareness about blockchain technology.
8. Geopolitical Risks
Economic sanctions, global conflicts, and political instability can disrupt market access and liquidity.
9. Regulatory Pushback on Privacy
Privacy-focused cryptocurrencies might face increased scrutiny from governments due to concerns over money laundering and illicit use.
Addressing these challenges will require collaboration among developers, regulators, and the broader community .
@muslims
Quoted content has been removed
sounds not good
I NEED HELP!!
I just got 100k paws in my telegram wallet but i dont know how to withdraw it,
can u guys giveme tips on it so i can withdraw it in my account
it will be very helpful for me. thank you guys
give me your opinion in my comments
$TON
#ChristmasMarketAnalysis
I just got 100k paws in my telegram wallet but i dont know how to withdraw it,
can u guys giveme tips on it so i can withdraw it in my account
it will be very helpful for me. thank you guys
give me your opinion in my comments
$TON
#ChristmasMarketAnalysis
exactly
💎 Don’t Leave Your Money to Whales: Stop Selling at a Loss! 💎
In the world of crypto trading, one rule stands above all: "Don’t sell at a loss." Yet, many traders—especially newcomers—fall prey to panic and sell under pressure. If this sounds familiar, it’s time to understand how market whales play the game and how to avoid becoming their target.
---
🐋 Who Are Whales?
Whales are the giants of the market—big investors or institutions holding massive stakes. They have the power to manipulate price movements, creating opportunities to buy assets at a discount—YOUR discount.
---
⚠️ How Whales Trigger Losses:
1️⃣ Fear and Panic: Whales initiate massive sell-offs, triggering price drops. Retail traders panic and sell in fear of further losses.
2️⃣ Psychological Traps: Whales make markets look like they’re collapsing, forcing inexperienced traders to sell cheap.
3️⃣ Emotional Decisions: Instead of patience and strategy, fear takes over, leading to costly mistakes.
---
🚀 Why Hold Strong?
1️⃣ Volatility Is Normal: Crypto is a game of highs and lows—don’t let temporary dips dictate your decisions.
2️⃣ Whales Want You to Sell: When you panic, they profit. Don’t let your assets feed the big fish.
3️⃣ Long-Term Vision: Success in crypto is about resilience and strategic planning, not emotional reactions.
---
💡 Pro Tip for Success
✅ Set stop losses wisely.
✅ Take profits strategically.
✅ Stay informed and avoid trading based on emotions.
---
Trade Smart. Don’t Be Whale Bait. 🐋✨
#CryptoTrading #TradingStrategy #Write2Earn!
In the world of crypto trading, one rule stands above all: "Don’t sell at a loss." Yet, many traders—especially newcomers—fall prey to panic and sell under pressure. If this sounds familiar, it’s time to understand how market whales play the game and how to avoid becoming their target.
---
🐋 Who Are Whales?
Whales are the giants of the market—big investors or institutions holding massive stakes. They have the power to manipulate price movements, creating opportunities to buy assets at a discount—YOUR discount.
---
⚠️ How Whales Trigger Losses:
1️⃣ Fear and Panic: Whales initiate massive sell-offs, triggering price drops. Retail traders panic and sell in fear of further losses.
2️⃣ Psychological Traps: Whales make markets look like they’re collapsing, forcing inexperienced traders to sell cheap.
3️⃣ Emotional Decisions: Instead of patience and strategy, fear takes over, leading to costly mistakes.
---
🚀 Why Hold Strong?
1️⃣ Volatility Is Normal: Crypto is a game of highs and lows—don’t let temporary dips dictate your decisions.
2️⃣ Whales Want You to Sell: When you panic, they profit. Don’t let your assets feed the big fish.
3️⃣ Long-Term Vision: Success in crypto is about resilience and strategic planning, not emotional reactions.
---
💡 Pro Tip for Success
✅ Set stop losses wisely.
✅ Take profits strategically.
✅ Stay informed and avoid trading based on emotions.
---
Trade Smart. Don’t Be Whale Bait. 🐋✨
#CryptoTrading #TradingStrategy #Write2Earn!
good
Binance Announcement
--
Important Updates on Token Supply Information
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
We deeply value our community’s feedback and strive to provide the most useful and transparent information possible. Recently, we’ve received feedback regarding the circulating supply data displayed on the Binance App and the website, and we would like to share our plans to address user feedback and provide users with the best possible support.
Current Circulating Supply Data Methodology
At present, Binance sources circulating supply data from CoinMarketCap (CMC). CMC’s methodology of calculating circulating supply excludes allocations to insiders. For more details, please refer to the CMC website.
Upcoming Changes: New Metrics from CMC
As CMC introduces two new metrics, Unlocked Market Capitalization (UMC) and Unlocked Circulating Supply (UCS), Binance will also integrate these new data points to the token info section. For more details, please refer to this announcement.
We thank the community for their feedback and kindly ask for your understanding and patience as we work towards implementing these two new metrics.
Thank you for your support!
Binance Team
2024-12-23
Fellow Binancians,
We deeply value our community’s feedback and strive to provide the most useful and transparent information possible. Recently, we’ve received feedback regarding the circulating supply data displayed on the Binance App and the website, and we would like to share our plans to address user feedback and provide users with the best possible support.
Current Circulating Supply Data Methodology
At present, Binance sources circulating supply data from CoinMarketCap (CMC). CMC’s methodology of calculating circulating supply excludes allocations to insiders. For more details, please refer to the CMC website.
Upcoming Changes: New Metrics from CMC
As CMC introduces two new metrics, Unlocked Market Capitalization (UMC) and Unlocked Circulating Supply (UCS), Binance will also integrate these new data points to the token info section. For more details, please refer to this announcement.
We thank the community for their feedback and kindly ask for your understanding and patience as we work towards implementing these two new metrics.
Thank you for your support!
Binance Team
2024-12-23
#ChristmasMarketAnalysis
The Christmas season often brings a mix of cheer and financial considerations. In recent years, cryptocurrency has emerged as a topic of interest during this period for both investors and consumers. Here's how they might intersect:
1. Crypto Market Trends During Christmas
Seasonal Patterns: Historically, December can see increased crypto market activity due to year-end financial planning, profit-taking, or tax-related selling.
Market Sentiment: The festive season sometimes brings a bullish sentiment, as people feel optimistic about upcoming trends in the new year.
2. Gifting Crypto for Christmas
Digital Gifts: Cryptocurrencies are now a popular gift. Platforms like Coinbase or Binance offer ways to send crypto as a holiday present.
NFTs: Non-Fungible Tokens (NFTs) have also gained traction as digital collectibles, often given as unique and valuable gifts.
3. Crypto Donations
Many charities now accept crypto donations, allowing individuals to contribute to causes during the holiday season while potentially receiving tax benefits.
4. Crypto Discounts
Some retailers and online platforms offer discounts or promotions for customers paying in cryptocurrency during the holiday season.
5. Risks
Volatility: Cryptocurrencies are highly volatile, so any purchases or investments during the holidays could fluctuate significantly in value.
Scams: Holiday-themed scams targeting crypto users often increase, so caution is advised.
Would you like detailed insights into the crypto market’s performance this December or ideas on how to integrate cryptocurrency into your Christmas plans?
The Christmas season often brings a mix of cheer and financial considerations. In recent years, cryptocurrency has emerged as a topic of interest during this period for both investors and consumers. Here's how they might intersect:
1. Crypto Market Trends During Christmas
Seasonal Patterns: Historically, December can see increased crypto market activity due to year-end financial planning, profit-taking, or tax-related selling.
Market Sentiment: The festive season sometimes brings a bullish sentiment, as people feel optimistic about upcoming trends in the new year.
2. Gifting Crypto for Christmas
Digital Gifts: Cryptocurrencies are now a popular gift. Platforms like Coinbase or Binance offer ways to send crypto as a holiday present.
NFTs: Non-Fungible Tokens (NFTs) have also gained traction as digital collectibles, often given as unique and valuable gifts.
3. Crypto Donations
Many charities now accept crypto donations, allowing individuals to contribute to causes during the holiday season while potentially receiving tax benefits.
4. Crypto Discounts
Some retailers and online platforms offer discounts or promotions for customers paying in cryptocurrency during the holiday season.
5. Risks
Volatility: Cryptocurrencies are highly volatile, so any purchases or investments during the holidays could fluctuate significantly in value.
Scams: Holiday-themed scams targeting crypto users often increase, so caution is advised.
Would you like detailed insights into the crypto market’s performance this December or ideas on how to integrate cryptocurrency into your Christmas plans?
Best portfolio for 2025
Predicting the "best" cryptocurrency for 2025 involves considerable uncertainty due to the volatile nature of the crypto market. However, based on current analyses and projections, several cryptocurrencies are frequently highlighted for their potential growth:
1. Bitcoin (BTC): Bitcoin is projected to trade between $75,500 and $150,000 in 2025, with a stretched target up to $180,000. This optimistic outlook is driven by ongoing institutional adoption and broader acceptance.
2. Ethereum (ETH):
1. Bitcoin (BTC): Bitcoin is projected to trade between $75,500 and $150,000 in 2025, with a stretched target up to $180,000. This optimistic outlook is driven by ongoing institutional adoption and broader acceptance.
2. Ethereum (ETH):
How will the crepto market in 2025
The cryptocurrency market is poised for significant developments in 2025, with several key factors influencing its trajectory:
Market Growth and Adoption
Analysts anticipate substantial growth in the crypto market by 2025, driven by increased adoption of blockchain technology across various sectors, including real estate, supply chain management, and healthcare. This expansion is expected to introduce new investment opportunities and enhance market stability.
Regulatory Landscape
The implementation of comprehensive regulatory frameworks, such as Europe's Markets in Crypto-Assets (MiCA), is set to provide clearer guidelines for crypto operations. This regulatory clarity is likely to attract institutional investors and foster a more secure investment environment.
Market Predictions
While precise price predictions are speculative, some forecasts suggest that Bitcoin (BTC) could reach between $100,000 and $150,000, and Ethereum (ETH) might climb to $10,000–$15,000 by 2025, assuming increased adoption and technological advancements.
Binance's Position
Binance, as a leading cryptocurrency exchange, is expected to play a significant role in the evolving market landscape. The company's focus on regulatory compliance and user experience positions it well to adapt to upcoming changes and continue serving a growing user base.
Conclusion
While the crypto market holds promise for 2025, it's important to recognize the inherent volatility and uncertainties. Investors should conduct thorough research and consider their risk tolerance before making investment decisions.
Dogecoin stands out as a premier memecoin choice for 2025 due to several compelling factors: Strong Meme Foundation: The universally beloved Doge meme ensures ongoing demand, attracting a diverse and expanding investor base
$BTC
The cryptocurrency market is poised for significant developments in 2025, with several key factors influencing its trajectory:
Market Growth and Adoption
Analysts anticipate substantial growth in the crypto market by 2025, driven by increased adoption of blockchain technology across various sectors, including real estate, supply chain management, and healthcare. This expansion is expected to introduce new investment opportunities and enhance market stability.
Regulatory Landscape
The implementation of comprehensive regulatory frameworks, such as Europe's Markets in Crypto-Assets (MiCA), is set to provide clearer guidelines for crypto operations. This regulatory clarity is likely to attract institutional investors and foster a more secure investment environment.
Market Predictions
While precise price predictions are speculative, some forecasts suggest that Bitcoin (BTC) could reach between $100,000 and $150,000, and Ethereum (ETH) might climb to $10,000–$15,000 by 2025, assuming increased adoption and technological advancements.
Binance's Position
Binance, as a leading cryptocurrency exchange, is expected to play a significant role in the evolving market landscape. The company's focus on regulatory compliance and user experience positions it well to adapt to upcoming changes and continue serving a growing user base.
Conclusion
While the crypto market holds promise for 2025, it's important to recognize the inherent volatility and uncertainties. Investors should conduct thorough research and consider their risk tolerance before making investment decisions.
Dogecoin stands out as a premier memecoin choice for 2025 due to several compelling factors: Strong Meme Foundation: The universally beloved Doge meme ensures ongoing demand, attracting a diverse and expanding investor base
$BTC
Bullish
74%
Bearish
26%
449 votes • Voting closed
#BTCNextMove
As of December 22, 2024, Bitcoin (BTC) is trading at approximately $97,022, reflecting a slight decrease of about 0.17% from the previous close.
Recently, Bitcoin surpassed the significant $100,000 threshold, reaching a peak of $101,419.
This milestone has generated considerable interest and speculation regarding its future trajectory.
Analysts and investors hold varying opinions on Bitcoin's next move:
Potential Decline: Some investors are preparing for a possible downturn after Bitcoin narrowly missed sustaining levels above $100,000. On November 22, it peaked at $99,830 before dropping over 8% to a one-week low of $91,377. The options market indicates increased demand for protective puts, suggesting concerns about a potential decline.
Continued Growth: Conversely, there is optimism about Bitcoin's long-term prospects. Analysts at Bernstein project that Bitcoin could climb as high as $150,000 by 2025, driven by institutional capital inflows facilitated by the approval of spot Bitcoin ETFs.
It's important to note that Bitcoin's price is influenced by various factors, including regulatory developments, market sentiment, and macroeconomic trends. The recent election of a pro-crypto U.S. president has bolstered expectations of crypto-friendly regulations, contributing to Bitcoin's rise.
Given the inherent volatility of the cryptocurrency market, it's advisable to approach Bitcoin investments with caution and consider consulting financial advisors to make informed decisions.
As of December 22, 2024, Bitcoin (BTC) is trading at approximately $97,022, reflecting a slight decrease of about 0.17% from the previous close.
Recently, Bitcoin surpassed the significant $100,000 threshold, reaching a peak of $101,419.
This milestone has generated considerable interest and speculation regarding its future trajectory.
Analysts and investors hold varying opinions on Bitcoin's next move:
Potential Decline: Some investors are preparing for a possible downturn after Bitcoin narrowly missed sustaining levels above $100,000. On November 22, it peaked at $99,830 before dropping over 8% to a one-week low of $91,377. The options market indicates increased demand for protective puts, suggesting concerns about a potential decline.
Continued Growth: Conversely, there is optimism about Bitcoin's long-term prospects. Analysts at Bernstein project that Bitcoin could climb as high as $150,000 by 2025, driven by institutional capital inflows facilitated by the approval of spot Bitcoin ETFs.
It's important to note that Bitcoin's price is influenced by various factors, including regulatory developments, market sentiment, and macroeconomic trends. The recent election of a pro-crypto U.S. president has bolstered expectations of crypto-friendly regulations, contributing to Bitcoin's rise.
Given the inherent volatility of the cryptocurrency market, it's advisable to approach Bitcoin investments with caution and consider consulting financial advisors to make informed decisions.