Bitcoin Predicted To Hit All-Time High Of $122,000: Here's When
Bitcoin (BTC) faced a steep correction on Monday, Jan. 27, 2025. BTC has dipped below $100,000, and other assets are following suit. The asset is down 5.8% in the daily charts and 7.8% over the previous week. Despite the dip, BTC is up 6% in the 14-day charts, 4.9% over the previous month, and 137.1% since January 2025. Source: CoinGecko Also Read: Bitcoin At $98K: Why Is The Cryptocurrency Market Down Today? Here’s Why The Cryptocurrency Market Could Be Down Source: Watcher Guru The latest market dip is likely due to larger macroeconomic developments. The US dollar is gaining steam. Investors may have moved to safer assets, staying away from Bitcoin (BTC) and other cryptocurrencies. Inflation in the US rose to 2.7% in December 2024. The Federal Reserve took a hawkish stance with its monetary policy to combat rising inflation. The Fed announced only two interest rate cuts in 2025 instead of three. The development may have led to lower inflows into BTC and other cryptocurrencies. A...