đ Market Overview
Bitcoin $BTC (BTC) has surged to $102,668, marking a significant rebound following its recent dip below $100,000. Ethereum $ETH (ETH) is trading at $2,211.98, bolstered by the successful Pectra upgrade, which has restored investor confidence .
The global crypto market capitalization stands at approximately $3.09 trillion, reflecting a 3.08% increase over the past 24 hours .
---
đ Notable Developments
Bitcoin Halving Impact: The recent Bitcoin halving has historically been followed by significant price increases. Analysts are projecting Bitcoin to reach between $115,000 and $156,000 by mid-2025, with some forecasts extending up to $185,000 by year-end .
Ethereum's Pectra Upgrade: Ethereum's recent Pectra upgrade has led to a 20% surge in ETH's price, marking its biggest gain since 2021. This upgrade is seen as a pivotal moment in restoring confidence in Ethereum's long-term viability .
Strategic Bitcoin Reserve: President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve, positioning Bitcoin as a national reserve asset. The U.S. is now estimated to hold approximately 200,000 BTC .
---
â ď¸ Market Risks
$LIBRA Scandal: Argentina's $LIBRA meme coin project, promoted by President Javier Milei, collapsed after a significant price drop, leading to allegations of a rug pull scam and $250 million in investor losses .
---
đŽ Future Outlook
Market Growth: The cryptocurrency market is projected to reach $6 trillion by the end of 2025, driven by increased adoption, institutional investments, and the integration of real-world asset tokenization .
Regulatory Developments: The U.S. is expected to continue its pro-crypto stance, fostering a favorable environment for crypto startups and institutional investments .
