Current situation of Bitcoin: Bitcoin price reached a record high of 99,860 USD but dropped to 97,215 USD after Jim Cramer issued an optimistic view. The “inverse Cramer effect” phenomenon shows the influence of celebrities on short-term price fluctuations.
Bitcoin price prediction 2025: Analysts predict Bitcoin will surpass 100,000 USD and might even reach 135,000 or 180,000 USD. Price patterns often follow a parabolic trend with adjustments up to 80%, but these are typically signs for a new growth phase.
Bitcoin halving event 2024: Bitcoin experienced the halving event in 2024, reducing block rewards from 6.25 BTC to 3.125 BTC. Historically, halvings lead to strong price increases. BlackRock’s Bitcoin ETF attracted 40 billion USD in assets within 211 days, indicating high acceptance.
Bitcoin as a safe asset: Bitcoin is becoming regarded as a safe asset amidst traditional financial risks. Despite high volatility, Bitcoin has outperformed other assets during crises, emerging as a “digital gold” with acceptance from institutional investors.