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With the year nearing its end, the crypto currency community is eagerly anticipating the direction and level at which Bitcoin, the flagship digital currency, will enter 2025. Although Bitcoin recently reached a fresh record high, its current price is below this milestone, sparking concerns about its strength, despite having surged by 128% since the start of 2024.
The crypto currency market has seen increased interest from institutional investors like Blackrock, Fidelity, and pension funds this year, driven by the introduction of Ethereum and Bitcoin exchange-traded funds (ETFs). However, the market downturn at the end of December has also impacted these institutions, disappointing crypto enthusiasts hoping for a six-figure Bitcoin price by the year’s end.
