The price of Bitcoin (BTC) doubled in 2024, driven by the approval of Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) and optimism surrounding regulatory easing as Donald Trump prepares for a potential return to the White House.
The world’s largest and most renowned cryptocurrency surpassed the $100,000/BTC milestone in December 2024, sparking a wave of enthusiasm across the market.
According to data from CoinGecko, Bitcoin’s price surged by over 120% in the past year, while Ethereum (ETH), the second-largest cryptocurrency, climbed nearly 50%. This growth propelled the total cryptocurrency market capitalization to approximately $3.5 trillion.
Investors anticipate that the $100,000 milestone is not the final frontier for Bitcoin. Instead, the cryptocurrency could reach a new peak of USD 200,000 by late 2025, signaling an unprecedented era of growth for the crypto market.
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