Bitcoin (BTC) and Ethereum (ETH) have experienced a recent price decline, with BTC dropping 12% since December 17 and ETH falling 15%. This drop is attributed to the more hawkish stance of the Federal Reserve and the increase in the 10-year Treasury yield. Analysts see this as a healthy correction and believe that if BTC can stay above $85,000, it will sustain its uptrend. However, if it falls below this level, accelerated selling and further price declines may occur. Some analysts predict that BTC could reach $110,000 and potentially even $150,000 by the summer, while others expect the corrective sentiment in the crypto market to persist into 2025. Despite this, Galaxy's Alex Thorn believes that BTC will ultimately reach 20% of gold's market capitalization in 2025 and could cross $150,000 in the first half of the year. Thorn expects a "test or best" of $185,000 in Q4, driven by institutional, corporate, and nation-state adoption of Bitcoin.



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