Bitcoin rose for the seventh consecutive day to $99.5k, part of a broader positive trend.

From Investing.com

January 6, 2025 01:49:43 AM:

Bitcoin rose for the seventh consecutive session, reaching $99,513.7, part of a broader trend with a 6% increase in the past week. In December 2024, Bitcoin hit an all-time high of $108,244.9. Analysts predict Bitcoin could hit $225,000 by the end of 2025, but caution it could also drop to $77,000 in Q1 2025 due to Trump’s actions.

Elon Musk’s ‘X Money’ plans for the platform formerly known as Twitter sparked speculation about crypto integration. ‘X Money’ aims to introduce digital payments to the platform in 2025, potentially supporting cryptocurrencies or stablecoins. This move could boost Bitcoin’s utility and adoption, aligning with Musk’s support for digital currencies.

In the crypto market, Bitcoin’s performance continues to impact other digital assets. Ethereum rose 0.8% to $3,669.04, while Binance Coin edged up 0.3% to $2.4130. Solana fell 0.9%, while Cardano gained 0.4%. Dogecoin inched 0.3% lower and Shiba Inu lost 1%. Among meme tokens, Floki Inu saw a 1% decrease.

Read more at Investing.com: gains for 7th straight day to $99.5k after year-end dip By Investing.com