In the world of cryptocurrency, significant developments unfolded today. The memecoin ecosystem experienced a substantial decline, shedding almost 30% of its market capitalization in December alone, equivalent to a loss of about $40 billion. Data from CoinMarketCap reveals that memecoins’ market cap soared to $137.06 billion on December 9 but plummeted to $92.67 billion by December 23, marking a 32.38% decrease.
Meanwhile, projections from Blockware Solutions suggest Bitcoin prices for 2025 could vary widely. The “bear case” scenario forecasts an increase of up to 58% to reach approximately $150,000, based on factors such as Trump’s Strategic Bitcoin Reserve plan and Federal Reserve policies. Conversely, the “bull case” envisions Bitcoin price soaring to $400,000 if favorable conditions prevail, while the “base case” estimates a price of $225,000.
In sovereign cryptocurrency holdings, El Salvador has expanded its Bitcoin reserves to over 6,000 BTC, worth approximately $569 million. The nation recently accelerated its acquisition strategy, purchasing 11 Bitcoin in a single day following a $1.4 billion International Monetary Fund deal. As part of the agreement, El Salvador has relaxed its Bitcoin policy, scaling back requirements for businesses to accept BTC as legal tender.
