The cryptocurrency market experienced a bullish trend, with Bitcoin surpassing $95,000. XRP saw a surge in trading volumes from South Korean exchanges, leading to an 11% increase in its value. Other major cryptocurrencies such as Cardano, Solana, Chainlink, Ether, BNB Chain, Dogecoin, and Shiba Inu also saw significant gains. The CoinDesk 20 index tracking the largest tokens by market capitalization rose by 5.8%. The anticipation of a crypto-friendly administration under the incoming U.S. president Donald Trump is fuelling optimism for the market in 2025. The Bitcoin halving event in 2024 is expected to lead to a bullish trend in the following year. Large-scale institutional, corporate, and nation-state adoption of Bitcoin is predicted, with a price target of $185,000 for Bitcoin and $5,500 for Ether this year. The mainstream adoption of Bitcoin may reduce its volatility and increase adoption among institutional firms.



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