Cryptocurrency Prices And News: Bitcoin Rebounds To $102,000

2 days ago 3

Cryptocurrency News: Bitcoin jumped Monday as cryptocurrency prices began to gyrate at the end of December. After starting the month with a jump above the $100,000 threshold on Dec. 5, then rising past $107,000 on Dec, 16, bitcoin slumped to just below $93,000 on Dec. 23. It has since swung in a range of roughly $94,000 to $99,000 to end the year. In general, digital assets rallied since the November U.S. election, gaining ground as President-elect Donald Trump adds details to his view of a pro-cryptocurrency policy.

Bitcoin on Monday climbed back above $102,300 on Monday from around $99,000 overnight.

Elsewhere, H.C. Wainwright on Thursday hiked its 2025 bitcoin price target to $225,000 from $145,000, as 2024 set the stage for a "significant bull market."

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Cryptocurrency Price Action

Bitcoin on Dec. 17 hit a new record of $108,319 as it continued trading far above the prior March 14 record of $73,798.

The world's largest cryptocurrency rebounded about 157% in 2023, and soared about 119% in 2024.

Ethereum on Dec. 16 hit a high of $4,721 to top its previous 52-week high from March. On Monday, it traded at $3,730, putting the No. 2 cryptocurrency up roughly 12% in January. Ethereum advanced about 46% in 2024, but remains well below its November 2021 peak above $4,800.

Cryptocurrency Prices Heatmap:

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Digital asset investments are extremely volatile. While cryptocurrency's fundamentals and technical indicators may differ, investors should focus on the same key objectives. First, stay protected by learning when it's time to sell, cut losses or capture profits. Second, prepare to profit if the cryptocurrency starts to rebound.

Despite their original promise, cryptocurrencies haven't acted as hedges against inflation. Instead, they've trended with the broader indexes. Read The Big Picture and Market Pulse to track daily market trends.

View IBD's Best Cryptocurrencies And Crypto Stocks To Buy And Watch page to help navigate the world of digital asset investments.

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