Investing.com– Bitcoin rose for a seventh straight session on Monday, recovering from a late-year decline, as investors cautiously await clues about the U.S. regulatory outlook before President-elect Donald Trump takes office this month. month.
rose 1.1% to $99,513.7 at 01:35 a.m. (CET) (06:35 GMT).
This price movement is part of a broader crypto trend, which has seen Bitcoin experience a 6% appreciation over the past week.
In December 2024, Bitcoin hit an all-time high of $108,244.9, driven by increased institutional adoption and expectations of a strategic reserve under the Trump administration.
However, prices fell sharply in the last two weeks of 2024 amid profit-taking, as the US Federal Reserve's hawkish interest rate outlook raised liquidity concerns.
Analysts remain optimistic about Bitcoin's future performance. HC Wainwright projects that Bitcoin could reach $225,000 by the end of 2025, citing historical price cycles, regulatory expectations, and growing institutional adoption as key factors.
However, some warn that Bitcoin's future value could rise to over $125,000 or decline to $77,000 in the first quarter of 2025, influenced by the actions of President-elect Donald Trump.
Elon Musk's 'X Money' Plans Spark Speculation About Crypto Inclusion
Elon Musk's ambitious vision for X, formerly known as Twitter, will feature “X Money.” X Money, scheduled to launch in 2025, aims to integrate digital payments directly into the platform.
Last week, Linda Yaccarino, CEO of belt” for what is to come. .
The confirmation fueled intense speculation that the platform could integrate or support Bitcoin, other cryptocurrencies or dollar-pegged stablecoins.
These stablecoins leverage cryptographic technology to make transactions faster and more profitable. Notably, Elon Musk's space exploration company SpaceX has recently partnered with leading US stablecoin USDT, adding further intrigue to the potential role of cryptocurrencies in the X Money ecosystem.
This integration could significantly improve the utility and adoption of Bitcoin, aligning with Musk's long-standing advocacy of digital currencies.
Crypto Price Today: Most Altcoins Up But Still Pressured
In the broader cryptocurrency market, Bitcoin's performance continues to influence other digital assets.
The world's No. 2 cryptocurrency rose 0.8% to $3,669.04.
The world's No. 3 cryptocurrency rose 0.3% to $2.4130.
fell 0.9%, while it gained 0.4%. fell 0.3%. Among meme tokens, it lost 1%.
