The Grayscale Bitcoin Trust (GBTC) is facing unprecedented outflows, reaching $21 billion since the beginning of 2024, significantly impacting its standing in the crypto market. Despite the positive momentum of
The Grayscale Bitcoin Trust has had $21 billion in outflows since January, overshadowing gains from the nine new US-based spot Bitcoin ETFs in the market.
This week, four major U.S. economic events could significantly influence the crypto market as traders closely monitor macroeconomic signals. The S&P Flash Services and Manufacturing PMI data will kick off the week, providing key insights into the health of the economy. A PMI above 50 indicates growth, while below 50 signals contraction. Strong data may boost market confidence, increasing demand for riskier assets like Bitcoin, though economic concerns remain due to lingering recession fears. Retail sales data will follow, offering a snapshot of consumer spending and confidence. Economists anticipate a slight improvement from the previous month, which could signal stronger consumer activity. Positive retail figures might encourage optimism, benefiting traditional markets and crypto alike. However, increased spending could also raise inflation concerns, prompting some investors to turn to Bitcoin as a hedge. The Federal Reserve’s rate decision on Wednesday is the highlight of the week. Markets expect a 0.25% rate cut, with Fed Chair Jerome Powell’s press conference providing additional insights into future monetary policy. Any unexpected moves or comments from the Fed could trigger major market swings, especially for crypto. Investors will watch for signs of either a more aggressive or cautious stance toward future rate adjustments. To close out the week, the release of the Personal Consumption Expenditures (PCE) inflation data will be critical. This measure of consumer spending and inflation is closely followed by the Fed in shaping its policy. Rising PCE inflation could signal persistent pressure on consumers, increasing market volatility and influencing crypto sentiment. With inflation trends and rate decisions in focus, the crypto market may experience heightened activity and potential price swings. This week’s economic events are expected to bring significant volatility to both traditional and crypto markets, with Bitcoin poised to react to key signals.
Michael Saylor, co-founder of MicroStrategy , has sparked interest in a potential new Bitcoin purchase following the company’s milestone inclusion in the Nasdaq-100 Index. This move has positioned MicroStrategy as a prominent player in both the tech and financial sectors. Saylor also hinted that Marathon Digital Holdings could be the next crypto-focused company to join the prestigious index. On December 15, Saylor cryptically referred to the SaylorTracker, a tool that highlights MicroStrategy’s Bitcoin acquisitions. He questioned whether it was missing a green marker, traditionally used to signify a new Bitcoin purchase. This raised speculation in the crypto community about whether a fresh acquisition is imminent. Over the last month, Saylor has subtly suggested Bitcoin purchases on social media, often followed by official announcements of large acquisitions. MicroStrategy recently grew its Bitcoin holdings to over 171,000 BTC, investing more than $15 billion . If a new purchase is confirmed, it would be the company’s first since joining the Nasdaq-100 Index on December 13. Analysts believe this inclusion could pave the way for MicroStrategy’s eventual entry into the S&P 500, which tracks the top 500 U.S. companies. According to CoinDesk’s James Van Straten, the final requirement for S&P 500 eligibility is achieving positive earnings over the past four quarters. Van Straten predicted that with new Financial Accounting Standards Board (FASB) regulations in early 2025, and if Bitcoin reaches $120,000, MicroStrategy could report $25 billion in net income , potentially qualifying for the S&P 500 as soon as Q2 2025. Meanwhile, Marathon Digital Holdings is working toward joining the Nasdaq-100 Index. Saylor suggested Marathon is the most likely candidate after congratulating Marathon CEO Fred Thiel on his company’s progress. However, Marathon has challenges to overcome, with its market capitalization still far below the $10 billion threshold that MicroStrategy met before its inclusion. Despite this, Marathon has aggressively increased its Bitcoin reserves, spending over $1 billion in December to grow its holdings to 40,435 BTC , valued at nearly $3.9 billion. This makes Marathon the second-largest corporate Bitcoin holder, following MicroStrategy. As Marathon continues expanding its portfolio, it is cementing its position as a key player in institutional crypto investment. These developments highlight the evolving landscape of corporate Bitcoin adoption, with MicroStrategy and Marathon Digital leading the way. Their efforts underscore the growing importance of digital assets in the institutional investment space, as companies leverage Bitcoin to strengthen their market influence and prepare for greater opportunities in the future.
Trump’s Bitcoin Reserve could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Trump’s Bitcoin Reserve (TRUMPRES), a new Solana memecoin that was launched today, is set to explode over 17,000% in price in the coming days. This is because TRUMPRES is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Trump’s Bitcoin Reserve can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Trump’s Bitcoin Reserve could become the next viral memecoin. Trump’s Bitcoin Reserve launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Trump’s Bitcoin Reserve on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump’s Bitcoin Reserve by entering its contract address – 2GxwMgJnqbDuDec9gMVNfN2n8eVf7ks1EUv1RZSCLNm1 – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPRES. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
The post Ethereum Price Prediction 2024, 2025 – 2030: Can ETH Price Hit $5k? appeared first on Coinpedia Fintech News Story Highlights The live price of the ETH token is $ 3,956.71515249 . Ethereum price with a potential surge could hit $4,332 this year. With increased adoption, the ETH price could reach a high of $15,575 by 2030. With the price of Bitcoin achieving a new all-time high of $106,488.25 today, Ethereum maintains its value above the $3,900 mark with an intraday surge of ~3% in valuation and a trading volume of $30.735 billion. Will this reversal rally lead Ethereum to surpass its 52-week high and hit $5,000 during this altcoin market? Read CoinPedia’s Ethereum Price Prediction now to determine the upcoming price targets until 2030. Table of contents Overview ETH Price Prediction 2024 Ethereum Spot ETFs Record $9.5M Net Inflows on December 13th! Ethereum’s New Pectra Upgrade in Q1 2025 Ethereum Price Prediction 2025 Ethereum Price Targets 2026 – 2030 ETH Coin Price Prediction 20 26 Ethereum Price Forecast 2027 Ether Price Prediction 2028 Ethereum Price Analysis 2029 Ethereum Price Prediction 203 0 CoinPedia’s Ethereum Price Prediction Market Analysis Historical Ethereum Price Sentiments FAQs Overview Cryptocurrency Ethereum Token ETH Price $ 3,956.71515249 2.48% Market cap $ 476,587,224,117.90 Circulating Supply 120,450,223.4177 Trading Volume $ 30,322,362,931.5059 All-time high $4,891.70 on 16th Nov 2021 All-time low $0.4209 on 22nd Oct 2015 24 High Coming soon 24 Low Coming Soon *The statistics are from press time. ETH Price Prediction 2024 The Ethereum price has experienced a strong bullish reversal in its daily price chart. Moreover, with an intraday change of ~2%, the altcoin leader has maintained its value above the $3,900 mark. Notably, it has surged 26.95% in 30 days. TradingView: ETH/USDT If the bullish sentiment intensifies during the second half of December, this could result in the ETH coin surpassing its $4k mark and heading toward its next major resistance level around the $4,330 level. However, a bearish pullback could bring the price toward its $3,400 mark. Year Potential Low Potential Average Potential High 2024 3,401 3,700 4,332 Ethereum Spot ETFs Record $9.5M Net Inflows on December 13th! On December 13, the total net inflow for U.S. spot Ethereum ETFs reached $23.26 million. BlackRock’s Ethereum ETF led the charge with a one-day net inflow of $9.5 million. Ethereum’s New Pectra Upgrade in Q1 2025 The Ethereum network’s PECTRA update is scheduled for the first quarter of 2025. This upgrade merges two previously planned updates—Prague and Electra—into a single, comprehensive enhancement. With just months away from 2025, the Ethereum network is about to experience a boost in scalability and performance. The new upgrade will bring five new Ethereum Improvement proposals, which will boost the overall performance. EIP-7702 will enable smart contract wallet-like functionality for regular wallets ( Account Abstraction ). EIP-7251 will work to improve network efficiency by providing maximum staking per validator ( validator staking ). EIP-2935 will improve the overall data structure to reduce the validator storage ( data structure optimization ), directly boosting the network’s scalability. EIP-7594 will enhance the layer 2 scalability ( layer 2 scalability ). EIP-7692 will optimize the Ethereum virtual machine for efficient smart contract development ( EVM optimization ). The Pectra upgrade is planned to be implemented in two phases: Phase One (Early 2025): This phase will focus on critical updates, including account abstraction and validator enhancements. Phase Two (Late 2025): The second phase will introduce more complex changes to boost the Layer 2 scalability. Ethereum Price Prediction 2025 During 2025, the Ethereum price is expected to maintain its upward trajectory and form higher highs. Furthermore, with increased adoption, newer upgrades, and network growth, the ETH coin price can smash the $5k mark and hit a new all-time high of $6,925. Conversely, rising uncertainty or stricter crypto regulations could pull the ETH coin price toward its annual low of $2,917. Considering the market sentiments, the average price could settle at around $3,392. Year Potential Low Potential Average Potential High 2025 $2,917 $3,392 $6,925 Ethereum Price Targets 2026 – 2030 Year Potential Low ($) Potential Average ($) Potential High ($) 2026 5,566 5,713 6,610 2027 6,800 7,246 8,705 2028 8,613 9,482 10,410 2029 10,192 11,010 12,994 2030 12,647 14,163 15,575 ETH Coin Price Prediction 20 26 By 2026, the value of Ethereum is expected to reach a high of $6,610. On the other hand, the Ethereum price might drop to $5,566, with an average of $5,713. Ethereum Price Forecast 2027 The Ethereum 2027 forecast expects the ETH coin price to make a new all-time high at $8,705. However, a correction based on market shortcomings may drive the ETH crypto to $6,800, with an average of $7,246. Ether Price Prediction 2028 In 2028, the chances of Ethereum dominating the crypto market rise as the ETH coin price potentially makes a new high at $10,410. On the other hand, the altcoin might fall to $8,613, making an average of $9,482. Ethereum Price Analysis 2029 Approaching its all-time high of $12,994 in 2029, the Ethereum price is expected to surpass the psychological barrier of $12,000. In case of a correction, $ETH may reach a low of $10,192, with an average price of $11,010. Ethereum Price Prediction 203 0 The ETH crypto price is projected to reach a new all-time high of $15,575 in 2030, with a potential low of $12,647 and an average price of $14,163. CoinPedia’s Ethereum Price Prediction With factors like the growing Ethereum network, rising inflows, broader market recovery, and increased adoption, the ETH price will likely give multi-fold returns in 2025. As per CoinPedia’s Ethereum (ETH) coin price prediction, the Bulls can hit $6,925 during 2025. Conversely, a rise in FUD amongst investors and a lack of updates could curb the value of 1 ETH at $2,917. Year Potential Low Potential Average Potential High 2025 $2,917 $3,392 $6,925 Market Analysis Firm Name 2025 2026 2030 Wallet Investor $4,817.47 $5,625.43 – priceprediction.net $6,133 $8,825 $42,096 DigitalCoinPrice $10,119.83 $14,035.80 $27,959 *The targets mentioned above are the average targets set by the respective firms. Historical Ethereum Price Sentiments TradingView: ETH/USDT Check out, XRP Price Prediction 2025, 2026 – 2030 ! FAQs How much is 1 Ethereum worth? At the time of writing, the price of 1 ETH was $3,969.37. What will the maximum price of ETH be by the end of 2024? The price of ETH might surge to a maximum of $4,332 this year. How high will the ETH price rise by the end of 2030? The largest altcoin’s price could propel to a maximum of $6,925 in 2025. ETH is expected to cross the $15,575 mark by 2030. What is the current ETH Price today? At press time, the Ethereum price trades at $3,9969.37. What will be the ETH Price tomorrow? Based on the current price trend, the ETH price tomorrow could range between $3,850 and $4,050. What if you had invested $100 in Ethereum (ETH) in 2020? Considering you invested in Ethereum in January 2020, the value of your ETH crypto investment has increased by $2,854.94%. In short, the $100 would be worth $2,954.94 now. What is Ethereum 2.0? Ethereum 2.0 is an updated version of the existing Ethereum blockchain, which aims to increase the efficiency, scalability, and speed of the Ethereum network. What will the price of Ethereum be in 2025? As per our Ethereum price prediction 2025, the ETH price could reach a maximum of $6,925. Will Ethereum hold onto its tag of the largest altcoin in the emergence of newer protocols? With its dominance in DeFis, NFTs, and widespread prominence, Ethereum will continue to hold the crown of the largest altcoin. With the merger with ETH 2.0, Ethereum’s hold would further grow stronger. Will Ethereum find more NFTs, DeFis, and other projects employing its network with ETH 2.0? Yes, the Ethereum network will eventually welcome more projects to be built on its chain, following its merger. It will also receive many improvements that will fundamentally strengthen the chain. Is Ethereum a good investment? As the altcoin season begins, the short-term gains make Ethereum a lucrative buying option. However, the long-term promises of this programmable blockchain make it a viable long-term crypto investment. ETH BINANCE
The Bitcoin price has continued its foray above the $100,000 threshold and is currently trading around new all-time highs. Following its recent surge to an all-time high (ATH) above $106,000, the Bitcoin price has played out an interesting pattern on the 1-day candlestick timeframe, which points to an extremely bullish outlook for the leading cryptocurrency. Notably, Master Kenobi, a popular crypto analyst on X, revealed an extremely bullish 88-day pattern on the Bitcoin price chart, drawing parallels to a similar pattern from late 2023. 88-Day Pattern Resembles Historical Symmetry On Bitcoin Price Chart Master Kenobi’s analysis begins with the identification of an 88-day structure that bears a striking resemblance to Bitcoin’s price movements in Q4 2023, just before the current bull market phase began. Taking to social media platform X, the analyst noted that the initial 37 days of the current pattern since November 2024 mimic a similar hidden distribution phase observed last year. Furthermore, both the price action and the daily Relative Strength Index (RSI) indicator align closely with the previous cycle. Related Reading: Dogecoin Fails To Follow Bitcoin’s Recent Uptick: Is A New ATH Still Feasible This Cycle? To visualize this, he connected critical points A1 to A2 and B1 to B2 on the relative strength index, which highlighted the symmetrical nature of the formations. According to Master Kenobi, the symmetry between these sequences suggests that Bitcoin’s ongoing trajectory could mirror its past, particularly in the next 51 days. While the analyst emphasizes that this observation is not a precise prediction, he believes it offers a framework for understanding Bitcoin’s behavior based on past behavior and the current structure. Projection Points To $124,300 By Early 2025 Bitcoin and other cryptocurrencies have been known to repeat their previous price performance from time to time. By analyzing historical price playouts and current patterns, analysts and traders are provided with a context of what to expect. Expanding on his analysis, Master Kenobi ventured into speculative territory by sketching a predicted price path for Bitcoin. Related Reading: XRP Price In Motion: Analyst Reveals The Next Major Supports And Resistances The analyst speculated that the next 51-day sequence could follow a similar trajectory to the past 51 days in late 2023, culminating in a price of $124,300 by January 31, 2025. At the time of writing, Bitcoin is trading at $105,000, having recently reached an intraday high and all-time high of $106,352 in the past 24 hours, according to CoinGecko. The leading cryptocurrency is already up 12% this month, and reaching the projected price target of $124,300 would translate to a further 18% increase. Whether Bitcoin repeats its price pattern in late 2023 remains to be seen, but current price action and crypto market sentiment suggest that the Bitcoin price has a lot of room to run in 2025. Featured image created with Dall.E, chart from Tradingview.com
The upcoming delisting of Wrapped BTC (WBTC) from the Coinbase platform and the legal battle between the exchange and Bit Global have sparked a series of social media skirmishes between Bit Global-linked Justin Sun and Coinbase CLO Paul Grewal. Justin Sun and Coinbase CLO Paul Grewal Discuss WBTC Delisting on Social Media The recent lawsuit
BTC is posting new all-time highs amid renewed expectations that the United States will establish a strategic Bitcoin reserve under President-elect Donald Trump. On Sunday morning, the price of Bitcoin tagged a record high of $106,352, according to data from CoinGecko. BTC has since pulled back roughly 1% to last change hands for $105,100. Bitcoin ranks as the 17th strongest top 100 cryptocurrency over the past seven days with a 6.1% gain after rising 3.4% over 24 hours. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Bitcoin's price surge prompts countries to consider strategic reserves. The U.S. Continue Reading: Countries Consider Bitcoin Reserves as Prices Surge The post Countries Consider Bitcoin Reserves as Prices Surge appeared first on COINTURK NEWS .