- BTC hit a new all-time high of US$107,822, breaking its previous record of US$104K, while ETH reached US$4,092, still 16% below its US$4,878 peak from 2021.
- VanEck forecasts pro-crypto US policies in 2025, with Bitcoin as a reserve asset, new crypto ETPs, and Ethereum staking approvals.
It’s over for you if you’re short.
But don’t panic. I’m talking about traders. That’s right —short position liquidations are piling up, which can only mean Bitcoin (BTC) is breaking records every day, and it did so this Monday after hitting a new all-time high (ATH) of US$107K (AU$167K).
Bitcoin hit a new ATH of US$107,822 (AU$169,339) in the early hours Australian time, according to CoinMarketCap, breaking its previous record on Sunday at around US$104K (AU$163K).
Related: Sui Hits All-Time High Amid Strategic Partnership Announcement
Meanwhile, Ether (ETH) eyed the US$4K level for a few days, reaching a high of US$4,092 (AU$6,421). Do keep in mind ETH is still 16% below its all-time high of US$4,878 (AU$7,532), recorded in November 2021.
As of this writing, Bitcoin’s price has slightly cooled to US$106,185 (AU166.3K), reflecting a 0.2% daily gain and an 8.57% increase over the past week.
Predictions for 2025
Meanwhile, VanEck, the American investment firm, has shared price predictions for several large-cap assets, including layer-1 assets like Sui, Solana, Ethereum and even those leveraging artificial intelligence (AI).
Naturally, VanEck attributes these projections to Trump’s pro-crypto stance, with a potential pro-crypto administration taking place next year. As most market observers do, the firm expects the US to adopt Bitcoin as a strategic reserve asset and foresees the approval of multiple crypto exchange-traded products (ETPs) under a newly appointed crypto-friendly US Securities and Exchange Commission (SEC) chair.
Related: BlackRock Advises 2% Bitcoin Allocation as Vancouver Approves Municipal BTC Investment
Additionally, Ethereum ETPs could introduce staking, a feature previously restricted during Joe Biden’s administration.
As mentioned, VanEck also expects AI to take a major role in the crypto scene. The firm predicts the emergence of 1 million AI agents in 2025, which will heavily influence decentralised finance (DeFi), social media, gaming and consumer applications.
In DeFi alone, VanEck expects decentralised exchanges (DEXs) to reach a trading volume peak of US$4T (AU$6.27T) and a total value locked (TVL) of US$200B (AU$313B), powered by AI projects, consumer-facing decentralised applications (dApps), and tokenised assets.
Additionally, dApp tokens are expected to close the performance gap with layer-1 assets, driven by AI and Decentralised Physical Infrastructure Networks (DePIN).
That’s a lot of acronyms. Talk about simplicity and user experience.
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