Glassnode’s latest data reveals 96.7% of Bitcoin supply is in profit, a sharp rise from 87% just over a week ago, signaling potential short-term price instability due to profit-taking. Historical patterns show similar high-profit phases preceding corrections, like January’s drop from $109,000 to $74,000. However, analysts remain optimistic, with technical targets of $140,000–$200,000 as Bitcoin nears a breakout from a multi-year channel. Institutional involvement and spot ETF demand are cited as key drivers, while metrics like the realized profit/loss ratio (now 2.8) highlight both confidence and risk. Bernstein Research and Bitwise Investments project a $200,000 BTC price by 2025, fueled by macroeconomic factors like a weak US dollar.
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Potential Catalysts for Ethereum’s Growth in 2025
Ethereum is set for a potential rally in 2025, driven by the upcoming Pectra upgrade, which aims to enhance scalability and security. Institutional investors are accumulating Ether during price dips, and the approval of U.S.-based spot Ethereum ETFs could further boost interest, especially if staking yields are included. With technical indicators showing bullish momentum, Ether’s price target is set at $4,500, supported by a strong foundation around $3,000.
read moreEther ETFs Expected to Outperform Bitcoin in 2025 Amid Strong Inflows
Ether ETFs are experiencing significant momentum, with analysts predicting they could outperform Bitcoin ETFs in 2025. Recent data shows seven consecutive weeks of net inflows, including a record $2.2 billion in late November, driven by strong ETH price performance and potential staking yields.As network activity grows, particularly from AI applications, Ether’s performance is expected to improve, with asset manager VanEck forecasting a spot price of $6,000 by late 2025 and up to $22,000 by 2030. Additionally, US-based Ether ETFs may soon incorporate staking yields, enhancing their appeal.
read moreAnchorage Digital Becomes First US Bank to Support Liquid Ether Staking
Anchorage Digital has become the first federally chartered bank in the U.S. to support liquid Ether staking, integrating Liquid Collective’s Liquid Staked ETH (LsETH) for institutional clients. This move positions Anchorage Digital as a pioneer in facilitating participation in liquid staking, amid growing demand for institutional staking solutions as U.S. ETH ETFs may soon include staking yields. Liquid Collective, focusing on regulatory compliance, has approximately $430 million in total value locked, while Lido leads with nearly $40 billion.
read moreUS Ether ETFs May Soon Allow Staking Yield According to Bernstein Report
Staking for US Ethereum ETFs may soon be approved under a more crypto-friendly SEC, as suggested by Bernstein Research. Currently, ETH staking yields about 3.1% APR, with potential increases to 4-5% during high activity. Ether investment funds have seen record inflows of $2.2 billion in 2024, reflecting renewed interest in the cryptocurrency.
read moreBernstein Research Urges Investors to Buy into Crypto Market Surge
Bitcoin has surged past $89,000, prompting Bernstein Research to advise clients to “buy everything you can” in the crypto sector. Analysts attribute this rally to a favorable regulatory environment anticipated under President-elect Trump, who has pledged support for digital assets. Bernstein predicts Bitcoin could reach $200,000 by 2025, with Ethereum and Solana expected to outperform it in the next year, while recommending equities like MicroStrategy and Robinhood for indirect exposure to crypto growth.
read moreMicroStrategy Aims to Become Bitcoin Bank with Trillion Dollar Valuation
MicroStrategy, now holding over 252,220 Bitcoin valued at approximately $16 billion, aims to become a “Bitcoin bank” with a potential trillion-dollar valuation. Co-founder Michael Saylor emphasizes the company’s role in integrating Bitcoin with traditional finance, issuing securities backed by digital capital. Despite concerns over its stock valuation, Saylor remains confident in MicroStrategy’s strategy to attract institutional investments into Bitcoin.
read moreSaudi Arabia’s Shift in Strategy Amidst Crumbling Opec Discipline
Opec’s efforts to stabilize oil prices are faltering, with Brent crude now around $71 per barrel, over 20% lower than a year ago. As dissent grows within the alliance, particularly from Kazakhstan, Russia, and Iraq, Saudi Arabia plans to increase production to maintain market share, potentially leading to a price collapse. Analysts suggest Riyadh’s low production costs position it to outlast competitors in a price war.
read moreHarris Gains Momentum Over Trump in Debate Impacting Cryptocurrency Market
Kamala Harris gained momentum after the first debate with Donald Trump, with her chances of winning the 2024 Presidential Elections increasing by 3%, while Trump’s chances decreased by the same margin. The debate did not address cryptocurrency, a key issue in the election, leading to declines in Trump-related meme coins and a mixed outlook for Bitcoin, which is facing potential bearish trends. The crypto industry generally favors Trump for his pro-crypto stance, while Harris is still defining her position on digital assets.
read moreKamala Harris’s Late Outreach to Crypto Industry Amid 2024 Election Spotlight
A new report from Bernstein Research highlights the growing influence of cryptocurrency in the 2024 U.S. presidential election, with Kamala Harris’s outreach to crypto companies potentially coming too late. The report emphasizes the increasing significance of crypto-focused political action committees and predicts that the crypto markets will be heavily influenced by political developments leading up to the election. Additionally, it suggests that regardless of the election outcome, the markets will trade based on political factors until the results are announced in early November.
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