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.
Table of Contents
Market Analysis and Updates ๐
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.
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 cryptocurrencyโs 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.
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 ๐ต๐ญ
- Pinoy-developed Project Selyo wins Metaplex Future of Digital Assets Sidetrack of the Solana Radar Global Hackathon.
- Ripe also won the Radar Hackathonโs Mercuryo Best Consumer Use Case Sidetrack.ย
- Yield Guild Games invested in SparkBall.ย
- PDAX listed $WIF.
- YGG Play Summit shared the โฑ500,000 prize pool for its Game Jam.
- BitPinas article: In the Philippines — Solana stays above Ethereum in terms of Google Search Interest.
Noteworthy ๐
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 ๐
- The hamster fever continues, check out how to farm diamonds and reap rewards as Hamster Kombat prepares for its second $HMSTR airdrop.
Regulation Watch ๐
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 Europeโs MiCA.
Community Spotlight ๐ฆ
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 ๐ก
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 ๐ฎ
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 ๐
Donโt Miss Out: Upcoming events, webinars, and meetups in the crypto space!
- Bicol Blockchain Conference: October 26, 2024 [CANCELED]
- Traderโs Fair- Davao: October 26, 2024
- PH Startup Week: November 11. 2024
- Manila Bootcamp | Hackers League Hackathon: November 15, 2024
- YGG Play Summit: November 19-23, 2024
- Base Manila Meetup: November 20, 2024
Stay Connected:
- Follow us on Twitter ๐ฆ
- Check us out on Facebook!
- Join our Telegram group for real-time discussions!
Weโd 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