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You are not what happened to you. You are what you choose to become! (weekly crypto updates)
5 min readJan 6, 2025
What happened in crypto the past week? Bitcoin is going up and down around the 100K level. ETH is looking good this week, but there is a lot of work to be done to grow in 2025. China introduced new laws to make cross-border trading harder. What else? Read below:
- Bitcoin: Bitcoin price forecast is wild, with values between 150K and 400K. Bitcoin faced price struggles last week as market sentiment shifted. The crypto market looked a bit sketchy at the end of the year, but we may witness a last-minute recovery right now, as I write this post. We are already at $102K for 1 BTC. Syria is exploring Bitcoin legalization to rebuild its economy post-Assad regime. MicroStrategy got another 2138 BTC (worth $209M) and Tether added 7629 BTC (worth $700M) to its total holdings too. The Bitcoin’s supply is getting squeezed like never before, with Blackrock and friends now controlling 5.7$ of all Bitcoin. While in November we had 25K moved daily into the exchanges, right now we only have 2–5K BTC moved daily into the exchanges.
- Ethereum: Ethereum’s NFT trading volume surged to $186M last week, a 67% increase from the previous week, with Pudgy Penguins generating $108M alone. Still, Ethereum might…
