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The Bitcoin price rises above $92,000. After significant losses at the start of the week, enormous gains are now following. The entire crypto market is in the green. Crypto entrepreneur Arthur Hayes expects profits of up to 170% over the next few weeks.
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Bitcoin price rises above $92,000
The Bitcoin price is again seeing massive gains. On the daily chart, the largest cryptocurrency has risen by 6.05% since yesterday. As a result, BTC is trading at $92,700, signaling a general recovery of the crypto market.
- Bitcoin
(BTC) - Price $92,320.00
- Market Cap
$1.84 T
The entire crypto market thus rose by 6.25% today to a market capitalization of $3.14 trillion. Meanwhile, the market is dominated by gains in both daily and weekly trends.
Many coins are recording significantly higher gains than the market leader Bitcoin. The Ethereum price already rose by 9% today, breaking through the important threshold of $3,000.
- Ethereum
(ETH) - Price $3,097.69
- Market Cap
$373.86 B
According to CoinMarketCap’s Crypto Fear & Greed Index, investor sentiment has risen remarkably since yesterday. Yesterday, the index was still at 16 points. Over the last 24 hours, it gained six points. According to the index, the market is still fearful at 22 out of 100 points.
It was only on Monday that the Bitcoin price recorded massive losses – in parallel with many other cryptocurrencies. The Japanese central bank triggered a sell-off and price losses by announcing its intention to strengthen the yen. BTC had fallen below $85,000.
Will Bitcoin start a price rally in December 2025?
Will Bitcoin start long-awaited parabolic price gains in December 2025? By October, BTC repeatedly set new record highs. On October 6, it reached its current all-time high at $126,198.
However, Bitcoin has not yet been able to realize the bullish forecasts of some price analysts. For example, investment bank Standard Chartered expected a Bitcoin price of $250,000 by the end of the year. Crypto entrepreneur Arthur Hayes named the same price target.
Just five days ago, Hayes again insisted on his forecast in a conversation with Milk Road. His price target will come true – within the remaining four weeks.
“I stand by it. If we fail, it doesn’t matter anyway,” said Hayes. “I’m happy anyway.”
According to Hayes, the macroeconomic situation is sometimes far too positively aligned for the crypto market. Massive gains are therefore inevitable over the next few years. Already in September, he predicted a Bitcoin price of one million dollars, which would be forced by the monetary policy of the largest economies – primarily by the USA, China, and the European Union.
The fiat currencies of the three economic areas would experience enormous devaluations over the coming years, which would lead to the strong popularization of cryptos.
Hayes argued in October that cryptocurrencies are likely to show unusual price developments in the future, as the previously common cycles are no longer relevant. A new survey by CoinShares supports this thesis. According to this, the general perception of cryptocurrencies by institutions has significantly changed.
“Diversification and access to blockchain technology have surpassed speculation as the main driving force for investments. There are fewer concerns regarding volatility and regulation,” CoinShares wrote in an email to CoinPro.
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