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Analysts Predict Crypto Boom in 2025
Financial Express Kochi
|December 30, 2024
Supply cuts, and Trump's crypto push drove 2024's surge
AT A TIME when global markets weighed Donald Trump's potential return as leader of the world's largest economy, cryptocurrency traders celebrated his promise to transform the US into a crypto hub—a move expected to buoy the cryptocurrency market well into the coming year.
This year's rally began in January with regulatory approval for spot Bitcoin and Ethereum exchange-traded funds (ETFs), followed by a halving in April that reduced the supply of new bitcoin. Finally, optimism surrounding crypto-friendly policies under the US President-elect drove the world's largest cryptocurrency past the $100,000 mark in early December.
This story is from the December 30, 2024 edition of Financial Express Kochi.
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