Bitcoin (BTC) $96,937 price It continues to find buyers above $95,500 and it is positive if the price stalls higher. We see sequential rallies of altcoins. For example, today BNB Coin price is setting the new ATH level and has gained more than 20 percent on the daily. So, what are the analysis company’s latest predictions about the markets?
Cryptocurrency Forecast Report
While the article was being prepared, QCP Capital analysts published their reports discussing the current outlook on the markets. Bitcoin at the price trump We have seen the impact of the supported rally and now the rise in altcoins is gaining momentum. While ETH targets $3,800, XRP Coin will see an almost all-time record price.
QCP Capital analysts noted the gains in older altcoins and wrote:
“Reject modernity, embrace tradition. These four words would have served you well as you navigated (and profited from!) the crypto markets last week.
Veteran coins that have been on the market since 2021 have staged a spectacular rally in the past two weeks. XRP surpassed its 2021 high of $2 to reach $2.90, a spectacular 400% rise since November. Other older coins such as ADA, HBAR, and XLM also made moves of 300%, 800%, and 600% respectively.”
Older altcoins, with dates dating back to 2017 and beyond, are performing extremely well compared to assets that have not yet seen bull markets.
What are the expectations?
The sequential rise of altcoins with large market capitalization basically emerged as a result of the November elections and does not seem to end in the first quarter of next year. Today’s report by analysts includes the following details;
“Trump announced a proposal in November to eliminate capital gains taxes on cryptocurrencies issued by American companies. This spark ignited a frenzy in altcoin markets that continues to this day. Crypto The prospect of a friendly cabinet added more fuel to the fire.
It is said that Paul Atkins will be appointed as the head of the SEC, replacing Gary Gensler, who is a troublemaker for the crypto community. Other candidates also appear to be crypto-friendly. Cantor Fitzgerald’s current CEO, Howard Lutnick, has been named Commerce Secetary. Cantor Fitzgerald is currently in talks with Tether, which makes Lutnick appear to be a crypto advocate.”
But despite all this, there are some risks. In the risks section, experts point out the following;
“We see some macro risks in the near term. Concern that inflation will rear its ugly head again caused markets to reduce the US interest rate cut expectation in 2025 to only 3. Trump also has geopolitical risks against China, Mexico, Canada and the BRICS. Despite the risks, we think the crypto market is poised for an uptrend. Trump’s team will likely enact crypto-friendly policies and attract more institutional interest. It is possible for BTC to exceed 100 thousand and ETHBeing above ATH’s seems closer to reality than a dream. Respect the rally.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
