Price analysis: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX, LINK, SHIB
Bitcoin continues to witness a tough battle between the bulls and the bears near the $100,000 level. A positive sign is that the bulls have not ceded much ground to the bears, increasing the likelihood of an upside breakout. Bitfinex head of derivatives Jag Kooner said that the rate cut by the People’s Bank of China on Nov. 21 and by the European Central Bank on Dec. 12 could “spur capital flows into risk-on markets, including crypto.” The sentiment could improve further if the United States Federal Reserve cuts the rate in its Dec. 18 meeting. That could boost Bitcoin to “record-breaking levels” by the end of the year. Analysts anticipate Bitcoin’s rally to extend in 2025. According to a report by Sygnum Bank, a crypto-focused asset manager, Bitcoin could witness “demand shocks” in 2025 due to increased institutional participation, sending its price higher . The report added that altcoins could participate in the rally only if the US passes laws supporting crypto adop...