Crypto
Cryptocurrency Market Size, Share 2031
Cryptocurrency Market Research Report give analysis of industry development growth opportunities, Trend till 2031. Cryptocurrency Market detailed analysis of business is mainly cover by Application [Bitcoin, Altcoins], by Type [Peer-to-Peer Payment, Retail, Trading, Remittance, Ecommerce, Payment] Region Forecast to 2031. By providing a detailed analysis of the market landscape, this report equips companies with the information they need to make informed decisions about their business strategies and potential areas of growth.
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The report extensively examines the market size for Cryptocurrency examining into segment dimensions encompassing product types, applications, and geographical regions. It also accurately assesses the competitive landscape, recent developments, and emerging trends. Additionally, the report furnishes strategic insights to empower companies in moderating the challenges posed by the ongoing COVID-19 pandemic.
The evolution of technology and its continuous advancement are enhancing product performance, thereby expanding its array of applications in downstream markets. Furthermore, a comprehensive analysis of consumer preferences, dynamic market forces (including drivers, constraints, and opportunities), new product launches, the pandemic’s influence, regional strains, and the search of stakeholders with invaluable insights for a deep exploration of the Cryptocurrency landscape. Ask for A Sample Report
The Reports Will Help with Solving the Following Inquiries:
What’s the current scope of the Cryptocurrency market request in various regions?
How is the Cryptocurrency market demand divided into different product type?
How is the demand predicted to develop in the future?
What’s the demand possibility compared to other countries?
Which Manufacturer holds the Top position in the Cryptocurrency Market Report?
the Cryptocurrency market are:
BitPay Inc
Bitstamp
Bitfury Group Limited
OKEx
Ripple Labs Inc.
Circle Internet Financial Limited
BitGo
Coinbase Inc.
Unocoin Technologies Private Limited
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Cryptocurrency Market Report Detail Analysis 2023-2031:
The Cryptocurrency Market Report delivers an all-encompassing evaluation of key market competitors, merging historical data, SWOT analysis, and the latest global advancements. A comprehensive table of contents and data are featured, inclusive of an appraisal of the market’s pre- and post-COVID-19 influence. Its core objective is to intricately outline the Cryptocurrency market, encompassing its historical performance, current status, and future prospects, with special emphasis on the pandemic’s impact.
Furthermore, the Cryptocurrency market conducts an exhaustive analysis of the factors directing the industry and the constraints it faces, employing a blend of qualitative and quantitative methodologies. This approach empowers readers and users with dependable insights into the sector. The report also serves as a valuable resource for businesses of all sizes in devising their commercial strategies. It simplifies statistical data presentation for easy comprehension.
Additionally, the report furnishes a summarized dashboard of prominent enterprises, encompassing their impactful marketing strategies, market share, and recent advancements spanning both historical and contemporary contexts. This analysis provides a glimpse into how these leading firms have enriched the market landscape and achieved success through their astute marketing approaches.
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What are the various Type present in the Cryptocurrency Market?
Bitcoin
Altcoins
What are the different Applications found in the Cryptocurrency Market?
Peer-to-Peer Payment
Retail
Trading
Remittance
Ecommerce
Payment
Key Points of Cryptocurrency Market Report are: –
Market Size Estimates:
Cryptocurrency market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics:
Cryptocurrency market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict:
Influence of global inflation and Russia and Ukraine War on the Cryptocurrency market
Segment Market Analysis:
Cryptocurrency market value and sales volume by type and by application from 2018-2028
Regional Market Analysis:
Cryptocurrency market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Cryptocurrency Market
: Revenue and sales volume of major countries in each region
Cryptocurrency Market Competitive Landscape and Major Players:
Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow:
Import and export volume of the Cryptocurrency market in major regions.
Cryptocurrency Industry Value Chain:
Cryptocurrency market raw materials and suppliers, manufacturing process, distributors, downstream customers
Cryptocurrency Industry
News, Policies and Regulations
To Understand How COVID-19 Impact is Covered in This Report.
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2031) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa)
Roadmap of Cryptocurrency Market Chapters: –
-Chapter 1 starts the Cryptocurrency Market report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.
-Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.
-Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.
-Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.
-Chapter 5 segments the Cryptocurrency Market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.
-Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.
-Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.
-Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.
-Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.
-Chapter 14 Cryptocurrency Market forecasts the future trend of the market not only as a whole but also from the perspective of all segments.
Years considered for this report: –
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2029
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Detailed TOC of the Cryptocurrency market:
1 Cryptocurrency Market Overview
1.1 Product Overview and Scope of Cryptocurrency Market
1.2 Cryptocurrency Market Segment by Type
1.2.1 Global Cryptocurrency Market Sales and CAGR (%) Comparison by Type (2017-2029)
1.3 Global Cryptocurrency Market Segment by Application
1.3.1 Cryptocurrency Market Consumption (Sales) Comparison by Application (2017-2029)
1.4 Global Cryptocurrency Market, Region Wise (2017-2029)
1.4.1 Global Cryptocurrency Market Size (Revenue) and CAGR (%) Comparison by Region (2017-2029)
1.4.2 United States Cryptocurrency Market Status and Prospect (2017-2029)
1.4.3 Europe Cryptocurrency Market Status and Prospect (2017-2029)
1.4.4 China Cryptocurrency Market Status and Prospect (2017-2029)
1.4.5 Japan Cryptocurrency Market Status and Prospect (2017-2029)
1.4.6 India Cryptocurrency Market Status and Prospect (2017-2029)
1.4.7 Southeast Asia Cryptocurrency Market Status and Prospect (2017-2029)
1.4.8 Latin America Cryptocurrency Market Status and Prospect (2017-2029)
1.4.9 Middle East and Africa Cryptocurrency Market Status and Prospect (2017-2029)
1.5 Global Market Size (Revenue) of Cryptocurrency (2017-2029)
1.5.1 Global Cryptocurrency Market Revenue Status and Outlook (2017-2029)
1.5.2 Global Cryptocurrency Market Sales Status and Outlook (2017-2029)
1.6 Influence of Regional Conflicts on the Cryptocurrency Industry
1.7 Impact of Carbon Neutrality on the Cryptocurrency Industry
2 Cryptocurrency Market Upstream and Downstream Analysis
2.1 Cryptocurrency Industrial Chain Analysis
2.2 Key Raw Materials Suppliers and Price Analysis
2.3 Key Raw Materials Supply and Demand Analysis
2.4 Market Concentration Rate of Raw Materials
2.5 Manufacturing Process Analysis
2.6 Manufacturing Cost Structure Analysis
2.6.1 Labor Cost Analysis
2.6.2 Energy Costs Analysis
2.6.3 RandD Costs Analysis
2.7 Major Downstream Buyers of Cryptocurrency Analysis
2.8 Impact of COVID-19 on the Industry Upstream and Downstream
3 Players Profiles
3.1 BitPay Inc
3.1.1 BitPay Inc Basic Information, Manufacturing Base, Sales Area and Competitors
3.1.2 Product Profiles, Application and Specification
3.1.3 Cryptocurrency Market Performance (2017-2022)
3.1.4 Business Overview
3.2 Bitstamp
3.2.1 Bitstamp Basic Information, Manufacturing Base, Sales Area and Competitors
3.2.2 Product Profiles, Application and Specification
3.2.3 Cryptocurrency Market Performance (2017-2022)
3.2.4 Business Overview
3.3 Bitfury Group Limited
3.3.1 Bitfury Group Limited Basic Information, Manufacturing Base, Sales Area and Competitors
3.3.2 Product Profiles, Application and Specification
3.3.3 Cryptocurrency Market Performance (2017-2022)
3.3.4 Business Overview
3.4 OKEx
3.4.1 OKEx Basic Information, Manufacturing Base, Sales Area and Competitors
3.4.2 Product Profiles, Application and Specification
3.4.3 Cryptocurrency Market Performance (2017-2022)
3.4.4 Business Overview
3.5 Ripple Labs Inc.
3.5.1 Ripple Labs Inc. Basic Information, Manufacturing Base, Sales Area and Competitors
3.5.2 Product Profiles, Application and Specification
3.5.3 Cryptocurrency Market Performance (2017-2022)
3.5.4 Business Overview
3.6 Circle Internet Financial Limited
3.6.1 Circle Internet Financial Limited Basic Information, Manufacturing Base, Sales Area and Competitors
3.6.2 Product Profiles, Application and Specification
3.6.3 Cryptocurrency Market Performance (2017-2022)
3.6.4 Business Overview
3.7 BitGo
3.7.1 BitGo Basic Information, Manufacturing Base, Sales Area and Competitors
3.7.2 Product Profiles, Application and Specification
3.7.3 Cryptocurrency Market Performance (2017-2022)
3.7.4 Business Overview
3.8 Coinbase Inc.
3.8.1 Coinbase Inc. Basic Information, Manufacturing Base, Sales Area and Competitors
3.8.2 Product Profiles, Application and Specification
3.8.3 Cryptocurrency Market Performance (2017-2022)
3.8.4 Business Overview
3.9 Unocoin Technologies Private Limited
3.9.1 Unocoin Technologies Private Limited Basic Information, Manufacturing Base, Sales Area and Competitors
3.9.2 Product Profiles, Application and Specification
3.9.3 Cryptocurrency Market Performance (2017-2022)
3.9.4 Business Overview
4 Global Cryptocurrency Market Landscape by Player
4.1 Global Cryptocurrency Sales and Share by Player (2017-2022)
4.2 Global Cryptocurrency Revenue and Market Share by Player (2017-2022)
4.3 Global Cryptocurrency Average Price by Player (2017-2022)
4.4 Global Cryptocurrency Gross Margin by Player (2017-2022)
4.5 Cryptocurrency Market Competitive Situation and Trends
4.5.1 Cryptocurrency Market Concentration Rate
4.5.2 Cryptocurrency Market Share of Top 3 and Top 6 Players
4.5.3 Mergers and Acquisitions, Expansion
5 Global Cryptocurrency Sales, Revenue, Price Trend by Type
5.1 Global Cryptocurrency Sales and Market Share by Type (2017-2022)
5.2 Global Cryptocurrency Revenue and Market Share by Type (2017-2022)
5.3 Global Cryptocurrency Price by Type (2017-2022)
5.4 Global Cryptocurrency Sales, Revenue and Growth Rate by Type (2017-2022)
5.4.1 Global Cryptocurrency Sales, Revenue and Growth Rate of Bitcoin (2017-2022)
5.4.2 Global Cryptocurrency Sales, Revenue and Growth Rate of Altcoins (2017-2022)
Continued….
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To view the original version on The Express Wire visit Cryptocurrency Market Size, Share 2031
COMTEX_440002171/2598/2023-09-11T20:17:09
Cryptocurrency exchange Coinbase said Tuesday (Jan. 14) that it is investigating a problem with delayed sends of Ripple (XRP) on its platform.
“We are aware that some users may be experiencing delayed sends for Ripple (XRP),” Coinbase said in an incident report on its status page. “Buys, Sells and Fiat withdrawals/deposits are not affected. We are investigating this issue and will provide an update shortly.”
In an earlier, separate report on its status page, Coinbase said some users experienced delayed sends and receives for Stellar (XLM) on Friday (Jan. 10). That incident was resolved within 90 minutes.
On Thursday (Jan. 9), some users experienced latency or degraded performance with buys, sells, sends, Coinbase Onramp and Advanced Trade. That issue was resolved within two hours, according to the page.
In other, separate news about the company, it was reported Thursday (Jan. 9) that Coinbase told customers that it may have to share data demanded by the Commodity Futures Trading Commission (CFTC).
The regulator sent a subpoena to the firm that seeks information about Coinbase customers’ interactions with prediction market firm Polymarket, and Coinbase emailed some customers saying it may have to share that data with the CFTC.
“When we receive requests for information from a government, each request is carefully reviewed by a team of trained experts using established procedures to determine its legal sufficiency,” a Coinbase spokesperson told CoinDesk.
On Dec. 9, cryptocurrency payments solution firm Triple-A announced an integration with Coinbase that it said it designed to let Coinbase users make payments to select merchants in the Triple-A network.
“Triple-A’s integration with Coinbase Commerce will empower merchants to offer a Coinbase-specific payment option, enhancing the convenience for Coinbase users and allowing Coinbase to connect with a wider network of merchants, to drive the broader adoption of cryptocurrency payments,” the company said in a press release.
Coinbase upgraded its Coinbase One subscription program and launched a new tier called Coinbase One Premium on Dec. 4, saying that with these new offerings, “Coinbase One now truly benefits all types of traders.”
Coinbase One membership has reached 600,000 across 42 countries, the company added.
Stay Ahead of the Market:
An update from Axiom Capital Advisors, Inc. ( (TSE:WHIP) ) is now available.
Credissential Inc. announced a new Cryptocurrency Acquisition Policy aimed at enhancing shareholder value by purchasing digital assets like XRP and XLM. This move aligns with the company’s cryptocurrency initiatives and allows investors exposure to the growing digital asset market. The policy is also seen as a strategy to navigate inflationary pressures while diversifying the company’s treasury holdings, indicating a proactive approach to adapting to market trends and delivering long-term shareholder value.
More about Axiom Capital Advisors, Inc.
Credissential Inc. is a vertically integrated AI software development company focusing on advancing financial technology solutions. The company is committed to developing innovative products such as Antenna, a payment platform enhanced with AI and quantum encryption technologies, and DealerFlow, an AI-driven dealer management system designed to streamline operations and enhance efficiency.
YTD Price Performance: -6.45%
Average Trading Volume: 298,973
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$6.17M
Find detailed analytics on WHIP stock on TipRanks’ Stock Analysis page.
Bitcoin’s
price (BTC) is making significant gains on Tuesday, January 14, 2025, adding
over $2,000 to its value. However, Monday saw the market shaken, with the price
briefly dropping to a two-month low below the critical $90,000 psychological
level.
In this
article, I review what triggered the sudden drop, why the Bitcoin price is
going up today, and how to interpret the bullish pin bar above the 50-day
exponential moving average—a potentially strong buy signal.
On Tuesday,
Bitcoin is trading above $97,000 on Binance, marking its highest value in a
week. The cryptocurrency is currently up 2.7%, with altcoins following suit.
Ethereum (ETH) has gained 4.9% over the past 24 hours, reaching
$3,200, while XRP, the third-largest cryptocurrency by market cap, has
risen 7% to $2.56.
As shown in Bitcoin price is currently inside a consolidation. Source: Tradingview.com
the chart below, Bitcoin’s price remains in a consolidation phase that has been
in place since November, with the lower boundary near $92,000 and the upper
limit at its previous high of $98,000.
However,
Monday painted a less optimistic picture as
Bitcoin briefly dipped to just $89,398, causing significant panic and
confusion among retail investors.
The
temporary panic was also evident in the derivatives market: within four days,
investors pulled $1.6 billion from cryptocurrency exchange-traded funds (ETFs),
marking one of the longest selling streaks in recent times.
Over the Source: Coinglass.com
past 24 hours, both bulls and bears have incurred losses. Approximately $500
million in leveraged positions were liquidated across the market, with nearly
equal distribution between long and short positions. Bitcoin accounted for over
20% of this activity, with $44 million liquidated from long positions and $72
million from shorts.
Analysts
attribute the recent decline in Bitcoin and the broader cryptocurrency market
to two primary factors: so-called “Trump Trade” and monetary policy.
Why Bitcoin Fell? Fed
Policy and Market Uncertainty Shake BTC Price
The
cryptocurrency market’s downturn is primarily driven by shifting expectations
about Federal Reserve (Fed) interest rate policies. Strong economic indicators
have led investors to anticipate a longer period of higher interest rates. The
robust U.S. job market, with 256,000 new nonfarm payrolls and a 4.1%
unemployment rate, has particularly influenced this outlook.
According The chances that the Fed will lower rates this month are almost zero. Source: CME
to the CME’s FedWatch tool, the probability of a rate cut at the next meeting,
scheduled for January 29, is just 2.7%. The market is currently pricing in a
stronger likelihood (around 40%) of a cut to the 4.00–4.25% range in the second
half of the year. Earlier expectations were for a more aggressive path of rate
cuts, which was expected to fuel risk assets such as cryptocurrencies and
stocks.
Moreover, the
initial euphoria surrounding Trump’s pro-crypto stance has given way to more
cautious market sentiment. While Trump’s upcoming presidency promised to make
the U.S. the “crypto capital of the world,” investors are now
focusing on immediate economic realities rather than future policy promises.
The
cryptocurrency decline isn’t occurring in isolation. The selloff in Treasury
markets has created a ripple effect across various asset classes, affecting
both crypto and traditional markets. This broader market reaction demonstrates
Bitcoin’s increasing correlation with conventional risk assets.
Will Bitcoin Keep Going
Up? BTC Price Prediction and Technical Analysis
The
candlestick I want to highlight in the technical analysis of Bitcoin ‘s price
chart may seem modest and even barely noticeable. However, in my view, it
carries significant strength and buying potential. This is a bullish pin bar
(or doji candle) with an almost invisible body and a very long lower wick,
indicating that bears were in control but had to concede to bulls by the
session’s close.
What
does the chart show?
- The bullish
pin bar tested the 50 EMA and two critical support levels: $92,000 and $90,000. - All three
levels held, and the price responded with an immediate increase the following
day. - This strong
bullish signal confirmed the lower boundary of the consolidation range,
signaling that buyers are likely to actively defend the green-marked support
zone.
Bitcoin technical analysis: BTC price chart drew a bullish pin bar candle. Source: Tradingview.com
While
Bitcoin remains in consolidation, this reaction suggests, from a purely
technical standpoint, the potential for a move towards $103,000 (the 2025
highs) and ultimately $108,000, the all-time high (ATH) to date.
Bitcoin Price Key Support
and Resistance Levels
|
Support |
Resistance |
|
$90,000 – psychological round |
$100,000 – psychological round |
|
$92,000 – local lows tested in |
$103,000 – highs from 2025 |
|
50 EMA – currently at $94,482 |
$108,000 – current ATH |
Breaking
above the current all-time high is a necessary condition for considering
ambitious forecasts for 2025 and beyond. Some of these projections are
truly bold.
Bitcoin Price Prediction:
Will BTC Reach $1 Million?
Late last
year, I explored the question, “Will
Bitcoin hit $1 million?” According to Jeff Park, Head of Alpha
Strategies at Bitwise Asset Management, this could be possible if the U.S.
government were to adopt a Bitcoin reserve strategy. However, he currently
assigns only a 10% probability to this scenario.
Arthur
Hayes, the Founder of the cryptocurrency exchange BitMEX, has frequently
mentioned such ambitious levels as $1 million. Last week, he appeared as a guest on
Tom Bilyeu’s show, where he discussed the current state of the
cryptocurrency market during a nearly two-hour interview. Hayes suggested that
Bitcoin is gradually heading toward seven-figure valuations and could
potentially reach them within the next five years.
“It’s the bull market. When the music is playing you gotta $DANCE.” ~ Arthur Hayes x Tom Bilyeu#crypto #dance #memecoin #solana #bullrun pic.twitter.com/g9MdkEtIZe
— DANCE MEMECOIN 🤩 (@dancememecoin) January 7, 2025
“Bitcoin
has already survived for 15 years. This makes investors start to believe that
it can last for decades to come.” – Hayes commented. “BTC will be here for
the next 15, 20, 100 years. I think it will be a store of value. I can use it
to pay for things I need, so I’m going to take 2%, 3%, 4%, 5%, 10% of my
retirement income or savings and start buying that asset now.”
Other
experts, including VanEck analysts, predict more down to earth numbers. Month
ago, they
forecasted that Bitcoin price could reach $180,000 in 2025.
JUST IN: $118 billion VanEck predicts $180,000 #Bitcoin and the U.S. will embrace a Strategic BTC Reserve in 2025 🇺🇸 pic.twitter.com/s7lnNgkyhn
— Bitcoin Magazine (@BitcoinMagazine) December 13, 2024
Bitcoin Price, FAQ
Why Is the Price of
Bitcoin Going Up?
Bitcoin’s
price is rising due to a strong bullish pin bar forming above critical support
levels, signaling strong buying activity. Market sentiment improved as Bitcoin
rebounded from a two-month low of $89,398 to trade above $97,000. This movement
reflects consolidation within the $92,000–$98,000 range, supported by technical
indicators and broader market optimism.
Will Bitcoin Rise Again?
Bitcoin’s
price is expected to rise further based on technical analysis. If it breaks
through key resistance at $103,000, it could test the all-time high of
$108,000. Long-term projections remain optimistic, with some experts predicting
significant gains by 2025, assuming market conditions remain favorable.
Why Is Bitcoin So Valuable
Today?
Bitcoin’s
value stems from its status as a decentralized digital asset with limited
supply, serving as a hedge against inflation and a potential store of value.
Its increasing adoption, network security, and potential as a global reserve
asset contribute to its high valuation.
Why Did Bitcoin Fall
Recently?
Bitcoin’s
recent decline was driven by market reactions to expectations of prolonged
higher interest rates from the Federal Reserve. Strong U.S. economic data
reduced the likelihood of rate cuts, pressuring risk assets like
cryptocurrencies. Additionally, shifting sentiment around pro-crypto policies
under the upcoming U.S. administration added to market uncertainty.
How Much Will Bitcoin Cost
in 2025?
Bitcoin’s
2025 price predictions vary widely. Analysts forecast potential highs ranging
from $180,000 (VanEck) to over $1 million (Arthur Hayes), depending on adoption
trends, macroeconomic conditions, and regulatory developments. A more
conservative estimate places Bitcoin at $180,000, reflecting steady growth
without speculative excess.
Bitcoin’s
price (BTC) is making significant gains on Tuesday, January 14, 2025, adding
over $2,000 to its value. However, Monday saw the market shaken, with the price
briefly dropping to a two-month low below the critical $90,000 psychological
level.
In this
article, I review what triggered the sudden drop, why the Bitcoin price is
going up today, and how to interpret the bullish pin bar above the 50-day
exponential moving average—a potentially strong buy signal.
On Tuesday,
Bitcoin is trading above $97,000 on Binance, marking its highest value in a
week. The cryptocurrency is currently up 2.7%, with altcoins following suit.
Ethereum (ETH) has gained 4.9% over the past 24 hours, reaching
$3,200, while XRP, the third-largest cryptocurrency by market cap, has
risen 7% to $2.56.
As shown in Bitcoin price is currently inside a consolidation. Source: Tradingview.com
the chart below, Bitcoin’s price remains in a consolidation phase that has been
in place since November, with the lower boundary near $92,000 and the upper
limit at its previous high of $98,000.
However,
Monday painted a less optimistic picture as
Bitcoin briefly dipped to just $89,398, causing significant panic and
confusion among retail investors.
The
temporary panic was also evident in the derivatives market: within four days,
investors pulled $1.6 billion from cryptocurrency exchange-traded funds (ETFs),
marking one of the longest selling streaks in recent times.
Over the Source: Coinglass.com
past 24 hours, both bulls and bears have incurred losses. Approximately $500
million in leveraged positions were liquidated across the market, with nearly
equal distribution between long and short positions. Bitcoin accounted for over
20% of this activity, with $44 million liquidated from long positions and $72
million from shorts.
Analysts
attribute the recent decline in Bitcoin and the broader cryptocurrency market
to two primary factors: so-called “Trump Trade” and monetary policy.
Why Bitcoin Fell? Fed
Policy and Market Uncertainty Shake BTC Price
The
cryptocurrency market’s downturn is primarily driven by shifting expectations
about Federal Reserve (Fed) interest rate policies. Strong economic indicators
have led investors to anticipate a longer period of higher interest rates. The
robust U.S. job market, with 256,000 new nonfarm payrolls and a 4.1%
unemployment rate, has particularly influenced this outlook.
According
to the CME’s FedWatch tool, the probability of a rate cut at the next meeting,
scheduled for January 29, is just 2.7%. The market is currently pricing in a
stronger likelihood (around 40%) of a cut to the 4.00–4.25% range in the second
half of the year. Earlier expectations were for a more aggressive path of rate
cuts, which was expected to fuel risk assets such as cryptocurrencies and
stocks.
The chances that the Fed will lower rates this month are almost zero. Source: CME
Moreover, the
initial euphoria surrounding Trump’s pro-crypto stance has given way to more
cautious market sentiment. While Trump’s upcoming presidency promised to make
the U.S. the “crypto capital of the world,” investors are now
focusing on immediate economic realities rather than future policy promises.
The
cryptocurrency decline isn’t occurring in isolation. The selloff in Treasury
markets has created a ripple effect across various asset classes, affecting
both crypto and traditional markets. This broader market reaction demonstrates
Bitcoin’s increasing correlation with conventional risk assets.
Will Bitcoin Keep Going
Up? BTC Price Prediction and Technical Analysis
The
candlestick I want to highlight in the technical analysis of Bitcoin ‘s price
chart may seem modest and even barely noticeable. However, in my view, it
carries significant strength and buying potential. This is a bullish pin bar
(or doji candle) with an almost invisible body and a very long lower wick,
indicating that bears were in control but had to concede to bulls by the
session’s close.
What
does the chart show?
- The bullish
pin bar tested the 50 EMA and two critical support levels: $92,000 and $90,000. - All three
levels held, and the price responded with an immediate increase the following
day. - This strong
bullish signal confirmed the lower boundary of the consolidation range,
signaling that buyers are likely to actively defend the green-marked support
zone.
Bitcoin technical analysis: BTC price chart drew a bullish pin bar candle. Source: Tradingview.com
While
Bitcoin remains in consolidation, this reaction suggests, from a purely
technical standpoint, the potential for a move towards $103,000 (the 2025
highs) and ultimately $108,000, the all-time high (ATH) to date.
Bitcoin Price Key Support
and Resistance Levels
|
Support |
Resistance |
|
$90,000 – psychological round |
$100,000 – psychological round |
|
$92,000 – local lows tested in |
$103,000 – highs from 2025 |
|
50 EMA – currently at $94,482 |
$108,000 – current ATH |
Breaking
above the current all-time high is a necessary condition for considering
ambitious forecasts for 2025 and beyond. Some of these projections are
truly bold.
Bitcoin Price Prediction:
Will BTC Reach $1 Million?
Late last
year, I explored the question, “Will
Bitcoin hit $1 million?” According to Jeff Park, Head of Alpha
Strategies at Bitwise Asset Management, this could be possible if the U.S.
government were to adopt a Bitcoin reserve strategy. However, he currently
assigns only a 10% probability to this scenario.
Arthur
Hayes, the Founder of the cryptocurrency exchange BitMEX, has frequently
mentioned such ambitious levels as $1 million. Last week, he appeared as a guest on
Tom Bilyeu’s show, where he discussed the current state of the
cryptocurrency market during a nearly two-hour interview. Hayes suggested that
Bitcoin is gradually heading toward seven-figure valuations and could
potentially reach them within the next five years.
“It’s the bull market. When the music is playing you gotta $DANCE.” ~ Arthur Hayes x Tom Bilyeu#crypto #dance #memecoin #solana #bullrun pic.twitter.com/g9MdkEtIZe
— DANCE MEMECOIN 🤩 (@dancememecoin) January 7, 2025
“Bitcoin
has already survived for 15 years. This makes investors start to believe that
it can last for decades to come.” – Hayes commented. “BTC will be here for
the next 15, 20, 100 years. I think it will be a store of value. I can use it
to pay for things I need, so I’m going to take 2%, 3%, 4%, 5%, 10% of my
retirement income or savings and start buying that asset now.”
Other
experts, including VanEck analysts, predict more down to earth numbers. Month
ago, they
forecasted that Bitcoin price could reach $180,000 in 2025.
JUST IN: $118 billion VanEck predicts $180,000 #Bitcoin and the U.S. will embrace a Strategic BTC Reserve in 2025 🇺🇸 pic.twitter.com/s7lnNgkyhn
— Bitcoin Magazine (@BitcoinMagazine) December 13, 2024
Bitcoin Price, FAQ
Why Is the Price of
Bitcoin Going Up?
Bitcoin’s
price is rising due to a strong bullish pin bar forming above critical support
levels, signaling strong buying activity. Market sentiment improved as Bitcoin
rebounded from a two-month low of $89,398 to trade above $97,000. This movement
reflects consolidation within the $92,000–$98,000 range, supported by technical
indicators and broader market optimism.
Will Bitcoin Rise Again?
Bitcoin’s
price is expected to rise further based on technical analysis. If it breaks
through key resistance at $103,000, it could test the all-time high of
$108,000. Long-term projections remain optimistic, with some experts predicting
significant gains by 2025, assuming market conditions remain favorable.
Why Is Bitcoin So Valuable
Today?
Bitcoin’s
value stems from its status as a decentralized digital asset with limited
supply, serving as a hedge against inflation and a potential store of value.
Its increasing adoption, network security, and potential as a global reserve
asset contribute to its high valuation.
Why Did Bitcoin Fall
Recently?
Bitcoin’s
recent decline was driven by market reactions to expectations of prolonged
higher interest rates from the Federal Reserve. Strong U.S. economic data
reduced the likelihood of rate cuts, pressuring risk assets like
cryptocurrencies. Additionally, shifting sentiment around pro-crypto policies
under the upcoming U.S. administration added to market uncertainty.
How Much Will Bitcoin Cost
in 2025?
Bitcoin’s
2025 price predictions vary widely. Analysts forecast potential highs ranging
from $180,000 (VanEck) to over $1 million (Arthur Hayes), depending on adoption
trends, macroeconomic conditions, and regulatory developments. A more
conservative estimate places Bitcoin at $180,000, reflecting steady growth
without speculative excess.
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