Thanks to Donald Trump's newest proposal, Bitcoin price reached a new ATH of around $106,000.
In the meantime, VanEck presented a new BTC price prediction forecasting an 80% rise in 2025.
Check the newest technical analysis of the BTC chart and learn why the Bitcoin price is going up today.
Bitcoin
price (BTC) reached new unprecedented heights on Monday, surging beyond $106,000
as President-elect Donald Trump's proposal for a national cryptocurrency
reserve ignited a fresh wave of enthusiasm in digital asset markets.
In the
meantime, VanEck presented its newest Bitcoin price prediction, forecasting the
oldest cryptocurrency will reach $180,000 in 2025.
Bitcoin Hits All-Time High
on Trump's Strategic Reserve Plans
The world's
leading cryptocurrency jumped to $106,533 in early trading on Monday, December
16, 2024, marking a watershed moment for the digital asset class. The rally
extends Bitcoin's remarkable year-to-date gain to 192%, with the total
cryptocurrency market value swelling to $3.8 trillion.
The rally
began on Sunday, December 15, 2024, when the price of BTC surged by 3%,
reaching $105,250. Although Monday's gains have mostly been corrected at the
time of writing, Bitcoinremains at a record-high price of $104,583.
Why is Bitcoin surging today? Source: CoinMarketCap
The
announcement represents a dramatic shift for Trump, who previously dismissed
cryptocurrencies. His administration's pro-crypto stance, including the
appointment of David Sacks as White House cryptocurrency czar and the
nomination of Paul Atkins to lead the SEC, has fueled investor optimism.
Adding to
the bullish sentiment, software company MicroStrategy, the largest corporate Bitcoin holder, secured a spot in the prestigious Nasdaq 100 index. The firm's
shares have surged over 500% this year, reflecting a growing institutional
embrace of digital assets.
Paul Howard, Wincent
“BTC ETFs increased by $2.1bn last week with $IBIT gaining
$394mn. With the Nasdaq hitting a record high, BTC's major moving average
indicators (EMA, SMA) are still indicating buy strength,” commented Paul Howard, the Senior Director at Wincent. “It appears bullish sentiment will continue off the back of Abu Dhabi
finance week and into the Christmas spending season. Anecdotally this too seems to be where BTC as a Christmas
present is more in vogue than ever, it seems not the season to be gifting
shorts.”
Global
political figures have also weighed in on cryptocurrency's rising prominence.
Russian President Vladimir Putin recently highlighted Bitcoin's resistance to
prohibition, while noting how U.S. dollar policies are driving nations toward
alternative assets.
“Overall,
the projected price ranges for BTC and ETH this week are $96,000–1115,000 and
$3,600–4,200 respectively,” said Ryan Lee, the Head Analyst at Bitget Research.
“Stablecoins continue to show net inflows and maintain strong liquidity.
Altcoins, which experienced significant price volatility last week, are
expected to see a rebound this week.”
The
cryptocurrency's meteoric rise since the November election, gaining over 50%,
reflects growing confidence in a more favorable regulatory environment under
the incoming administration.
Technical Analysis: Why Is
Bitcoin Going Up?
The Bitcoin
market value has surpassed $2 trillion following the latest price surge, with
other cryptocurrencies also experiencing growth. Ethereum (ETH), the
second-largest token by market capitalization, tested the psychological $4,000
level. A buying frenzy is evident across the market, with the Fear & Greed
Index reaching 80 out of 100, signaling “extreme greed” among
investors.
Bitcoin and top altcoins market cap. Source: CoinMarketCap
What Does Technical
Analysis Say?
The key
takeaway from the technical analysis is that previous highs from December 5 now
serve as a support level. This opens the door for Bitcoin to continue its
upward momentum, expanding the network of potential technical support.
In my
opinion, only a drop below $73,800 would signal a shift in Bitcoin's market
narrative. Until then, any downward corrections could present buying
opportunities at more attractive prices. This sentiment is bolstered by experts
forecasting new all-time highs (ATHs) for Bitcoin in 2025.
As Bitcoin
continues its meteoric rise, investment management firm VanEck has released
ambitious projections for the cryptocurrency market in 2025, painting a picture
of dramatic highs and subsequent consolidation.
According
to VanEck's analysis, the ongoing crypto bull market is expected to reach its
initial zenith in the first quarter of 2025. The firm projects Bitcoin to hit a
staggering $180,000, while Ethereum could surpass $6,000. Other prominent
cryptocurrencies like Solana and Sui are anticipated to reach $500 and $10
respectively, showcasing the breadth of the projected rally.
VanEck's head of digital assets research, Matthew Sigel
“Following
this first peak, we anticipate a 30% retracement in BTC, with altcoins facing
sharper declines of up to 60% as the market consolidates during the summer,” VanEck’s
Matthew Sigel forecasted. “However, a recovery is likely in the fall, with
major tokens regaining momentum and reclaiming previous all-time highs by the
end of the year.”
To identify
potential market tops, VanEck has outlined several key indicators they're
closely monitoring. These include sustained high funding rates in futures
markets, excessive unrealized profits among Bitcoin holders, overvalued market
capitalization relative to realized value, declining Bitcoin market dominance,
and signs of mainstream speculative fervor.
More
interestingly, those are not the highest Bitcoin price forecasts for 2025.
Bitcoin Price Prediction
2025
As Bitcoin tested
levels above $106,000, leading industry figures have set their sights on
ambitious targets for 2025. Here are the most notable predictions focusing
specifically on next year:
Tim
Draper stands firm
on his $250,000 forecast by the end of 2025. The veteran venture capitalist
bases his prediction on increased merchant adoption and the upcoming Bitcoin
halving event in April 2024. “The halving has historically triggered
significant price movements in the following year,” Draper explains.
Standard
Chartered maintains
its $200,000 target for 2025. The bank's analysts point to institutional
inflows and regulatory clarity as key drivers, particularly highlighting the
role of spot ETFs in mainstream adoption.
Tom Lee
from Fundstrat Global Advisors predicts Bitcoin price will reach $250,000 next year. “I think the
shortage of Bitcoin supply is becoming an increasing problem for cryptocurrency
exchanges,” Lee commented.
BitMEX
founder Arthur Hayes
predicts Bitcoin will touch $175,000 in 2025, driven by what he calls the
“wall of money” from traditional finance entering the crypto space.
Why is Bitcoin Price Up
Today? FAQ Section
Why is Bitcoin going up
again?
Bitcoin's
recent surge can be attributed to a confluence of factors that have
significantly bolstered investor confidence. President-elect Donald Trump's
announcement of plans to establish a U.S. Bitcoin strategic reserve has been a
major catalyst, signaling a dramatic shift in the governmental approach to
cryptocurrencies. This, coupled with the inclusion of MicroStrategy, a major
corporate Bitcoin holder, in the prestigious Nasdaq 100 index, has underscored
growing institutional acceptance.
Where will Bitcoin be in
2025?
Looking
ahead to 2025, industry experts and analysts have put forth a range of bullish
predictions for Bitcoin's value. Venture capitalist Tim Draper maintains his
forecast of $250,000 by the end of 2025, while Standard Chartered Bank projects
a target of $200,000. Investment firm VanEck offers a more nuanced outlook,
suggesting Bitcoin could reach $180,000 in early 2025 before experiencing a
correction and subsequent recovery.
What will Bitcoin be worth
in 2024?
As for
Bitcoin's prospects in 2024, the outlook remains optimistic based on current
market dynamics and recent developments. With Bitcoin currently trading above
$100,000, many analysts view $110,000 as the next immediate target. Bitcoin
maximalist Max Keiser has made a bold prediction of $220,000 by the end of
2024. The implementation of Trump's strategic reserve plan, if it comes to
fruition, could provide additional upward momentum.
Bitcoin
price (BTC) reached new unprecedented heights on Monday, surging beyond $106,000
as President-elect Donald Trump's proposal for a national cryptocurrency
reserve ignited a fresh wave of enthusiasm in digital asset markets.
In the
meantime, VanEck presented its newest Bitcoin price prediction, forecasting the
oldest cryptocurrency will reach $180,000 in 2025.
Bitcoin Hits All-Time High
on Trump's Strategic Reserve Plans
The world's
leading cryptocurrency jumped to $106,533 in early trading on Monday, December
16, 2024, marking a watershed moment for the digital asset class. The rally
extends Bitcoin's remarkable year-to-date gain to 192%, with the total
cryptocurrency market value swelling to $3.8 trillion.
The rally
began on Sunday, December 15, 2024, when the price of BTC surged by 3%,
reaching $105,250. Although Monday's gains have mostly been corrected at the
time of writing, Bitcoinremains at a record-high price of $104,583.
Why is Bitcoin surging today? Source: CoinMarketCap
The
announcement represents a dramatic shift for Trump, who previously dismissed
cryptocurrencies. His administration's pro-crypto stance, including the
appointment of David Sacks as White House cryptocurrency czar and the
nomination of Paul Atkins to lead the SEC, has fueled investor optimism.
Adding to
the bullish sentiment, software company MicroStrategy, the largest corporate Bitcoin holder, secured a spot in the prestigious Nasdaq 100 index. The firm's
shares have surged over 500% this year, reflecting a growing institutional
embrace of digital assets.
Paul Howard, Wincent
“BTC ETFs increased by $2.1bn last week with $IBIT gaining
$394mn. With the Nasdaq hitting a record high, BTC's major moving average
indicators (EMA, SMA) are still indicating buy strength,” commented Paul Howard, the Senior Director at Wincent. “It appears bullish sentiment will continue off the back of Abu Dhabi
finance week and into the Christmas spending season. Anecdotally this too seems to be where BTC as a Christmas
present is more in vogue than ever, it seems not the season to be gifting
shorts.”
Global
political figures have also weighed in on cryptocurrency's rising prominence.
Russian President Vladimir Putin recently highlighted Bitcoin's resistance to
prohibition, while noting how U.S. dollar policies are driving nations toward
alternative assets.
“Overall,
the projected price ranges for BTC and ETH this week are $96,000–1115,000 and
$3,600–4,200 respectively,” said Ryan Lee, the Head Analyst at Bitget Research.
“Stablecoins continue to show net inflows and maintain strong liquidity.
Altcoins, which experienced significant price volatility last week, are
expected to see a rebound this week.”
The
cryptocurrency's meteoric rise since the November election, gaining over 50%,
reflects growing confidence in a more favorable regulatory environment under
the incoming administration.
Technical Analysis: Why Is
Bitcoin Going Up?
The Bitcoin
market value has surpassed $2 trillion following the latest price surge, with
other cryptocurrencies also experiencing growth. Ethereum (ETH), the
second-largest token by market capitalization, tested the psychological $4,000
level. A buying frenzy is evident across the market, with the Fear & Greed
Index reaching 80 out of 100, signaling “extreme greed” among
investors.
Bitcoin and top altcoins market cap. Source: CoinMarketCap
What Does Technical
Analysis Say?
The key
takeaway from the technical analysis is that previous highs from December 5 now
serve as a support level. This opens the door for Bitcoin to continue its
upward momentum, expanding the network of potential technical support.
In my
opinion, only a drop below $73,800 would signal a shift in Bitcoin's market
narrative. Until then, any downward corrections could present buying
opportunities at more attractive prices. This sentiment is bolstered by experts
forecasting new all-time highs (ATHs) for Bitcoin in 2025.
As Bitcoin
continues its meteoric rise, investment management firm VanEck has released
ambitious projections for the cryptocurrency market in 2025, painting a picture
of dramatic highs and subsequent consolidation.
According
to VanEck's analysis, the ongoing crypto bull market is expected to reach its
initial zenith in the first quarter of 2025. The firm projects Bitcoin to hit a
staggering $180,000, while Ethereum could surpass $6,000. Other prominent
cryptocurrencies like Solana and Sui are anticipated to reach $500 and $10
respectively, showcasing the breadth of the projected rally.
VanEck's head of digital assets research, Matthew Sigel
“Following
this first peak, we anticipate a 30% retracement in BTC, with altcoins facing
sharper declines of up to 60% as the market consolidates during the summer,” VanEck’s
Matthew Sigel forecasted. “However, a recovery is likely in the fall, with
major tokens regaining momentum and reclaiming previous all-time highs by the
end of the year.”
To identify
potential market tops, VanEck has outlined several key indicators they're
closely monitoring. These include sustained high funding rates in futures
markets, excessive unrealized profits among Bitcoin holders, overvalued market
capitalization relative to realized value, declining Bitcoin market dominance,
and signs of mainstream speculative fervor.
More
interestingly, those are not the highest Bitcoin price forecasts for 2025.
Bitcoin Price Prediction
2025
As Bitcoin tested
levels above $106,000, leading industry figures have set their sights on
ambitious targets for 2025. Here are the most notable predictions focusing
specifically on next year:
Tim
Draper stands firm
on his $250,000 forecast by the end of 2025. The veteran venture capitalist
bases his prediction on increased merchant adoption and the upcoming Bitcoin
halving event in April 2024. “The halving has historically triggered
significant price movements in the following year,” Draper explains.
Standard
Chartered maintains
its $200,000 target for 2025. The bank's analysts point to institutional
inflows and regulatory clarity as key drivers, particularly highlighting the
role of spot ETFs in mainstream adoption.
Tom Lee
from Fundstrat Global Advisors predicts Bitcoin price will reach $250,000 next year. “I think the
shortage of Bitcoin supply is becoming an increasing problem for cryptocurrency
exchanges,” Lee commented.
BitMEX
founder Arthur Hayes
predicts Bitcoin will touch $175,000 in 2025, driven by what he calls the
“wall of money” from traditional finance entering the crypto space.
Why is Bitcoin Price Up
Today? FAQ Section
Why is Bitcoin going up
again?
Bitcoin's
recent surge can be attributed to a confluence of factors that have
significantly bolstered investor confidence. President-elect Donald Trump's
announcement of plans to establish a U.S. Bitcoin strategic reserve has been a
major catalyst, signaling a dramatic shift in the governmental approach to
cryptocurrencies. This, coupled with the inclusion of MicroStrategy, a major
corporate Bitcoin holder, in the prestigious Nasdaq 100 index, has underscored
growing institutional acceptance.
Where will Bitcoin be in
2025?
Looking
ahead to 2025, industry experts and analysts have put forth a range of bullish
predictions for Bitcoin's value. Venture capitalist Tim Draper maintains his
forecast of $250,000 by the end of 2025, while Standard Chartered Bank projects
a target of $200,000. Investment firm VanEck offers a more nuanced outlook,
suggesting Bitcoin could reach $180,000 in early 2025 before experiencing a
correction and subsequent recovery.
What will Bitcoin be worth
in 2024?
As for
Bitcoin's prospects in 2024, the outlook remains optimistic based on current
market dynamics and recent developments. With Bitcoin currently trading above
$100,000, many analysts view $110,000 as the next immediate target. Bitcoin
maximalist Max Keiser has made a bold prediction of $220,000 by the end of
2024. The implementation of Trump's strategic reserve plan, if it comes to
fruition, could provide additional upward momentum.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
