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Can Bitcoin Reach $100K in February 2025? | Key Points | Oct. 25, 2024

Photo for the Article - Can Bitcoin Reach $100K in February 2025? | Key Points | Oct. 25, 2024

GM. Welcome back toย BitPinas Key Points: easily digestible news in concise formats for easy reading. In today’s daily recap: another news about another price prediction.

Plus the latest crypto news stories in the last 24 hours.


Market Analysis and Updates ๐Ÿ“ˆ

Here are the crypto highlights of the day:

Crypto Price Update

  • Bitcoin (BTC): $67,895.12, up 1.0% over the last 24 hours.
  • Ethereum (ETH): $2,517.99, down 1.0% over the last 24 hours.
  • Solana (SOL): $175.48, up 1.6% vs the previous day.

Trending Coins Update

  • Aviator: $0.0046, up 60.4% vs the previous day.
  • Scroll: $0.9143, down 12.0% over the last 24 hours.
  • Mantra: $1.33, down 5.4% vs the previous day.
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For the daily price update, check out our post on Facebook.


Feature News: Can Bitcoin Reach $100K in February 2025?

Bitcoin network economist Timothy Peterson predicts Bitcoin could hit $100,000 within three months, noting that the cryptocurrencyโ€™s recent consolidation phase signals the start of a bull run.

  • This is a significant milestone if it does happen. Bitcoin price hit a new all-time high (which is near $73,000) last March. However, it barely put a dent when it comes to significant mainstream attention, unlike in 2021 and 2017.

Here are his observations (shared in a Twitter post that is highlighted by Cointelegraph):

  • The current run of Bitcoin right is not “meaningfully different” from prior price paths.
  • A move just above the current trend (see image below) could put Bitcoin at $100,000 in 90 days.
  • A conservative outcome (the red line in the image below) still puts Bitcoin at $100,000 by February 2024.
Photo for the Article - Can Bitcoin Reach $100K in February 2025? | Key Points | Oct. 25, 2024

He also thinks a drop below $50,000 is becoming less likely. He also thinks the price path will happen regardless of who wins the U.S. elections.

What to make out from this statement: Petersen is not the first person to predict a $100,000 price point for Bitcoin. You make check out the following articles on BitPinas:

  • In our previous article, we collected the price prediction of multiple crypto personalities, including Wei Zhou of Coins.ph and Vugar Zade of Bitget.
  • Jeff Park, the Head of Alpha Strategies at asset management firm Bitwise is forecasting a $92,000 Bitcoin price if Donald Trump wins the 2024 U.S. presidential election.

Let’s go to the news recap today:


Philippine Crypto News ๐Ÿ‡ต๐Ÿ‡ญ

Photo for the Article - Can Bitcoin Reach $100K in February 2025? | Key Points | Oct. 25, 2024
  • Pinoy-developed Project Selyo wins Metaplex Future of Digital Assets Sidetrack of the Solana Radar Global Hackathon.
  • Ripe also won the Radar Hackathonโ€™s Mercuryo Best Consumer Use Case Sidetrack.ย 
  • Yield Guild Games invested in SparkBall.ย 
  • PDAX listed $WIF.
  • YGG Play Summit shared the โ‚ฑ500,000 prize pool for its Game Jam.
  • BitPinas article: In the Philippines — Solana stays above Ethereum in terms of Google Search Interest.

Noteworthy ๐ŸŒŸ

Key updates and announcements from around the crypto and blockchain world:

  • Solana is gearing up for a big mobile app launch season.
  • Bitcoin miners are currently trading at a 90% discount compared to AI data centers, according to Bernstein analysts.
  • The number of Bitcoin whales, entities holding at least 1,000 BTC, surged to 1,678, the highest since January 2021.

Educational Corner ๐ŸŽ“

Photo for the Article - Can Bitcoin Reach $100K in February 2025? | Key Points | Oct. 25, 2024

Regulation Watch ๐Ÿ“œ

Stay informed about the latest regulatory updates and what they mean for you:

  • Nigeria dropped money laundering charges against Binance executive Tigran Gambaryan after over seven months.
  • Japan remains cautious about approving crypto ETFs due to lingering tax and regulatory restrictions.
  • UK crypto regulations remain unclear and unpredictable,ย  making it a less attractive option for firms seeking relief from Europeโ€™s MiCA.

Community Spotlight ๐Ÿ”ฆ

Photo for the Article - Can Bitcoin Reach $100K in February 2025? | Key Points | Oct. 25, 2024

Meet Jenna Ilao: She is one of the leaders for education in YGG.

  • She co-leads YGG Pilipinas’ Web3 Metaversity with Bianca Cruz.
  • In a brief interview, she and her co-lead Bianca Cruz, talked about the future of work in web3, AI, and blockchain.

More Web3 and AI News ๐Ÿ’ก

Discover the latest in web3 and AI innovation.

  • Mantra launched its Layer 1 mainnet for real-world assets (RWAs), enabling OM token staking and bridging for future airdrops.
  • Uniswap Labs introduced a new feature for direct asset transfers across nine blockchain networks.
  • Shuttle Labslaunched Genius, a self-custodial decentralized exchange offering secure and seamless cross-chain trading without gas fees.

Web3 Gaming Section ๐ŸŽฎ

The future of web3 is gaming, and here are the latest news.

  • Tomarket announced its airdrop criteria for the TOMA token launch on October 31.
  • XR One launched a Hero Node sale to decentralize its blockchain for web3 gaming.
  • InfiniGods launched the “Journey to Olympus” event in the game King of Destiny, allowing players to earn $GOD tokens through leaderboard rankings based on gameplay activities.

Event Announcements ๐Ÿ“…

Donโ€™t Miss Out: Upcoming events, webinars, and meetups in the crypto space!


Stay Connected:

Weโ€™d love to hear from you! Reply with your thoughts or questions.

This article is published on BitPinas: Can Bitcoin Reach $100K in February 2025? | Key Points | Oct. 25, 2024

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