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Bitcoin Surges Amid Trade Tensions, ARK Invest Predicts $2.4 Million Target by 2030

Bitcoin gains 1.6% to $94,908.8, set for a 10% weekly rise. Mixed US-China trade signals cause cautious trading. ARK Invest forecasts Bitcoin at $2.4 million by 2030, with Ethereum and altcoins showing varied performance.
Published on 2025-04-25

Bitcoin Climbs on Risk Asset Rally

Bitcoin rose to $94,908.8 on Friday, driven by a rally in risk assets. The cryptocurrency is poised for a 10% weekly gain, supported by potential easing of US trade tariffs. However, mixed signals on US-China trade talks have created a cautious trading environment, slowing Bitcoin's momentum.

Mixed Signals on US-China Trade Talks

President Trump's reversal on threats against the Federal Reserve Chair and hints of easing tariffs on China initially boosted Bitcoin. However, China denied ongoing trade discussions, contradicting US claims. Despite this, Trump asserted that talks are underway, adding to market uncertainty. A Bloomberg report suggested China may exempt some US goods from tariffs, further complicating the outlook.

ARK Invest Raises Bitcoin Forecast to $2.4 Million by 2030

ARK Invest has significantly increased its Bitcoin price target, predicting it could reach $2.4 million by 2030. This represents a 60% increase from its previous estimate and implies a 72% compound annual growth rate. The firm's base case projects Bitcoin at $1.2 million, with a bear case target of $500,000. These projections are based on Bitcoin's potential adoption across institutional investments, emerging markets, and decentralized finance.

Crypto Market Update: Altcoins Show Mixed Results

Ethereum rose 2.1% to $1,798.06, while XRP remained stable at $2.19. Solana gained 0.7%, but Cardano and Polygon dipped slightly. Meme tokens saw varied performance, with Dogecoin up 0.7% and $TRUMP surging 13.8%. The cryptocurrency market reflects ongoing volatility amid global economic developments.

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