BTC reached USD 107,822, breaking its all-time high of USD 104,000, while ETH reached USD 4,092, still 16% below its 2021 peak of USD 4,878. Mr. Van Eck predicted US crypto-promoting policies in 2025, including Bitcoin as a reserve asset, new crypto ETPs, and approval of Ethereum staking.
If it's insufficient, it's over.
But don't panic. I'm talking about traders. That's right. Liquidation of short positions is piling up. This can only mean that Bitcoin (BTC) is breaking records every day. This Monday, it hit an all-time high (ATH) of US$107,000 (AU$167,000). .
Bitcoin hit a new ATH of US$107,822 (A$169,339) in the early morning Australian time, up from its previous record of around US$104,000 (A$163,000) on Sunday, according to CoinMarketCap. broke.
Related: Sui hits all-time high after strategic partnership announcement
Meanwhile, Ether (ETH) reached a multi-day high of US$4,092 (AU$6,421) and was eyeing the US$4,000 level. Note that ETH is still 16% below its all-time high of US$4,878 (AU$7,532) recorded in November 2021.
At the time of writing, Bitcoin price has fallen slightly to USD 106,185 (AU166.3K), reflecting a daily increase of 0.2% and an increase of 8.57% over the past week.
Bitcoin weekly price, source: CoinMarketCap.
Predictions for 2025
Meanwhile, American investment firm VanEck has shared price predictions for several large assets, including layer 1 assets such as Sui, Solana, and Ethereum, as well as assets powered by artificial intelligence (AI).
Naturally, VanEck believes that these predictions are due to President Trump's pro-crypto stance, and that a pro-crypto administration could be in place next year. The company expects the US to adopt Bitcoin as a strategic reserve asset, as do most market players, and will be appointed by the newly appointed crypto-friendly US Securities and Exchange Commission (SEC) Commissioner. We expect that multiple virtual currency exchange traded products (ETPs) will be approved under the Chairman's guidance.
Related: City of Vancouver approves municipal BTC investment, BlackRock recommends 2% Bitcoin allocation
Additionally, Ethereum ETP could introduce staking, a feature that was previously limited during the Joe Biden administration.
As mentioned earlier, VanEck also expects AI to play a major role in the cryptocurrency scene. The company predicts that there will be 1 million AI agents by 2025, which will have a major impact on decentralized finance (DeFi), social media, gaming, and consumer applications.
VanEck estimates that in DeFi alone, decentralized exchange (DEX) trading volume peaked at US$4 trillion (AU$6.27 trillion) and total value locked (TVL) grew to US$200 billion (AU$313 billion) due to AI projects and consumer support. ) is expected to be reached. – Facing decentralized applications (dApps) and tokenized assets.
Furthermore, dApp tokens are expected to bridge the performance gap with layer 1 assets through AI and decentralized physical infrastructure networks (DePIN).
That's a lot of abbreviations. Talk about simplicity and user experience.
