2019-10-7 23:56 |
Altseason? 2019 has undoubtedly been a year for Bitcoin so far. Altcoins, which were all the rage in 2017 and early-2018, have been wildly underperforming the market leader, with some of these cryptocurrencies now trading... origin »
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Arthur Hayes, former CEO of BitMEX, predicted in a Jan. 27 blog post that Bitcoin (BTC) is likely to correct to the zone between $70,000 and $75,000 before reaching $250,000 by the end of 2025. Hayes argued that Bitcoin’s historical volatility makes a 30% correction plausible within this bull market.
Digital asset prices are expected to face continued short-term volatility due to a lack of policy clarity from the new US administration, but medium-term opportunities could deliver significant gains, according to a report by Standard Chartered.
Bitcoin (BTC) registered a significant recovery in the past week, jumping from the $90,000 price area to a new all-time high at $109,357. 07 on Jan. 20. However, a new Bitfinex Alpha report warns that BTC’s upward momentum faces potential headwinds, as “sell-the-news” trading behavior looms large.
Bitcoin (BTC) is currently under pressure from macro risks and any retracement below $90,000 presents a “medium-term” buying opportunity, according to Standard Chartered head of digital assets research Geoffrey Kendrick.
BitMEX co-founder and Maelstrom chief investment officer Arthur Hayes predicted that markets would potentially peak by mid-to-late March 2025, driven by an influx of dollar liquidity despite political and policy uncertainties.
MicroStrategy’s executive chairman, Michael Saylor, said the firm purchased 258,320 BTC at a total cost of $22. 07 billion, which equates to an average price of $85,450 per Bitcoin. The decision yielded remarkable returns for the company, resulting in a BTC annual yield of 74.
The crypto market is set for continued growth in 2025, driven by accelerating institutional adoption, evolving regulatory frameworks, and expanding DeFi ecosystems, according to Binance Research’s latest Monthly Market Insights report.