Bitcoin may rise to $ 150,000 in the near future

The price of bitcoin BTC $98,506.99 Bitcoin -0.24% Market capitalization $1.95 trillion VOL. 24 hours $3.55 billion dropped to $ 51,600 as of the morning of February 21. Nevertheless, crypto experts note that the surge in the price dynamics of the crypto asset after financial giants Fidelity and BlackRock supported bitcoin exchange-traded funds in the United States will continue in the future. Despite a slight dip, the market capitalization of the market leader, according to CoinMarketCap, still exceeds $ 1 trillion, with BTC’s dominance at 51.8%.

With the broader cryptocurrency market also showing a steady recovery, the stage is set for potentially unprecedented growth for the main cryptocurrency in the future.

Analysts predict that the price of bitcoin will reach $ 150,000 by mid-2025. The growth, according to crypto experts, will be driven by factors such as the expected halving of the exchange rate(bitcoin halving — ed.) and the potential easing of interest rates by the Federal Reserve Commission (Fed).

Despite the bullish outlook, investors are warned against volatility and speculative excitement that could lead to a market correction.

The previous growth of bitcoin by more than $ 52,000 has re-energized the market, raising its valuation to more than $ 1 trillion, thanks to the approval of exchange-traded ETFs from Fidelity and BlackRock in the United States.

It should be added that the market capitalization of the cryptocurrency industry has now exceeded $ 1.96 trillion. Traders have executed daily trading deals with digital assets worth more than $ 89 billion.