Bitcoin faced rejection at the $100,000 mark in the past 24 hours and now trades at $95,600, with ri
Bitcoin faced rejection at the $100,000 mark in the past 24 hours and now trades at $95,600, with risks of a further decline. According to Altcoin Buzz, the leading cryptocurrency might dip to the $87,000-$90,000 range before staging a recovery in 2025.
Mt. Gox and FTX Repayments Could Shape BTCs Future
In a YouTube video, Altcoin Buzz explained that while Mt. Gox repayments might increase selling pressure, FTXs cash repayments could offset the impact by injecting liquidity into the market. This liquidity could support purchases of Bitcoin and altcoins.
Additionally, MicroStrategys ongoing BTC acquisitions might fuel a stronger rally, according to the analyst.
Altcoins to Watch: SUI, USUAL, LINK, and HYPE
Altcoin Buzz also highlighted several altcoins expected to perform well in the near term:
ETH May Shine in 2025
Ethereum (ETH) struggled throughout 2024 but could rebound strongly in 2025. The recently approved BlackRock ETH ETF (ETHA), holding 1 billion ETH worth $3.4 billion, is seen as a major catalyst. While ETH has yet to reach its all-time high, Altcoin Buzz predicts a breakout will likely trigger an altcoin season.
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