Bitcoin prices have surpassed $82K after the market was boosted by Trump's election, and as demand for cryptocurrencies soars, Geoff Kendrick, an analyst at Standard Chartered, predicts that the bull markets for Ethereum (ETH) and Solana (SOL) are about to begin, estimating that Solana will reach a new all-time high by the end of the year, and that Bitcoin is expected to break through $125K before the US presidential inauguration in January.
Table of Contents
ToggleTrump's election has driven Bitcoin to a new high, reaching 82K
After Trump's victory, the price of Bitcoin has risen to 82K, setting a new high. Geoff Kendrick, an analyst at Standard Chartered, previously predicted that Bitcoin would reach 80K before the election. Kendrick further predicts that the price of Bitcoin will continue to rise steadily by the end of the year, and may reach a peak of 100K before the Bitcoin options expiration on December 27.
Kendrick points out that the next important milestone for Bitcoin is 125K. He said that even if Bitcoin fails to reach 125K by the end of December, it will at least reach that level before the US presidential inauguration on January 20. The volatility during this period reflects the strong demand for cryptocurrencies in the market, and the strength of Bitcoin will also drive the rise of other cryptocurrencies.
ETH, SOL are expected to follow Bitcoin's rise, with SOL likely to reach a new high by the end of the year
Kendrick is not only optimistic about the bullish trend of Bitcoin, but also particularly bullish on Solana (SOL). He believes that Solana will reach a new high by the end of the year, and may even break the record of $260 set in November 2021. As for Ethereum (ETH), its all-time high is $4,866, and it is expected to have the opportunity to surge again around the time of the US presidential inauguration on January 20.
The current market enthusiasm is also reflected in other cryptocurrencies, including Cardano (ADA), which has surged 35% in 24 hours, mainly due to the statement by its founder, Charles Hoskinson, that he will cooperate with Trump to promote favorable policies for cryptocurrencies. Hoskinson also revealed on the program that he has been in contact with Trump and will actively participate in related policy discussions in the future.
The overall cryptocurrency market continues to rise, with Standard Chartered predicting the total market value could reach 10 trillion by 2026
With the rise of Bitcoin and other cryptocurrencies, the overall cryptocurrency market capitalization has risen rapidly. Kendrick predicts that as the application of cryptocurrency technology expands, the global cryptocurrency market will continue to attract capital inflows, and the entire market size may reach 10 trillion dollars by 2026.
(Bitcoin reaches new high, Dogecoin doubles in a week, cryptocurrency market sees amazing gains)
