What occurred in crypto the past week? Bitcoin is fluctuating around the 100 K level. ETH is looking excellent today, but there is a lot of job to be done to expand in 2025 China presented new laws to make cross-border trading harder. What else? Read listed below:
- Bitcoin: Bitcoin price projection is wild, with worths in between 150 K and 400 K. Bitcoin dealt with rate struggles last week as market sentiment changed. The crypto market looked a little bit questionable at the end of the year, yet we may witness a final recovery now, as I write this blog post. We are currently at $ 102 K for 1 BTC. Syria is exploring Bitcoin legalization to rebuild its economy post-Assad regime. MicroStrategy obtained another 2138 BTC (worth $ 209 M) and Tether included 7629 BTC (worth $ 700 M) to its total holdings also. The Bitcoin’s supply is getting squeezed like never ever in the past, with Blackrock and friends currently regulating 5 7 $ of all Bitcoin. While in November we had 25 K relocated daily into the exchanges, today we just have 2– 5 K BTC moved daily into the exchanges.
- Ethereum: Ethereum’s NFT trading volume rose to $ 186 M recently, a 67 % rise from the previous week, with Pudgy Penguins producing $ 108 M alone. Still, Ethereum might …