Bitcoin reached $103,679 in 2024: Bitcoin’s price achieved a record HIGH of $103,679 in 2024, driven by the advent of spot Bitcoin ETFs and the halving event. This milestone underscores the cryptocurrency’s volatility and dependence on significant market events.
Correction to $60,000-$65,000 likely: analysts foresee a market correction with Bitcoin potentially dropping to the $60,000-$65,000 range in 2025. Factors include broader economic instability and currency devaluation. Such a correction could impact investors significantly, emphasizing caution in market participation.
Bitcoin’s correlation with us equities: Bitcoin’s price movements align closely with us equity markets, behaving similarly to tech stocks. Any downturn in us stock markets could affect Bitcoin, highlighting the need for investors to observe both crypto and traditional market trends closely.