Bitcoin Hits $87k as 21Shares Predicts $139k By the End of the Year

TL;DR

• BTC  added 3% to its value over the last 24 hours and now trades above the $87k level.

• 21Shares predicts that Bitcoin’s price could hit a new all-time high of $139k by the end of the year, citing macro resilience and onchain strength.

BTC Surges Above $87k Over the Weekend

The cryptocurrency market was bullish over the weekend, with Bitcoin and other major altcoins in the green. Bitcoin added 3% to its value over the last 24 hours and now trades above $87,500 per coin. 

There is no major catalyst behind this latest rally. A new 21Shares analysis of historical trends and current market signals predicts that Bitcoin’s price could hit the $139k mark by the end of 2025.

According to the analysis, the world’s largest cryptocurrency is gaining strength from macroeconomic uncertainty and on-chain momentum.

While speaking to Cryptowisser, Ruslan Lienkha, chief of markets, YouHodler, stated that,

“While Bitcoin is still trading significantly below its all-time high, the current price level remains elevated compared to previous years. This suggests that, despite global macroeconomic uncertainty, investors remain confident in Bitcoin's long-term sustainability.”

In its report, 21Shares added that Bitcoin’s performance in this cycle differs from the previous cycles in that market-wide collapses like Silicon Valley Bank’s failure no longer spark panic selling. Rather, these types of shocks increasingly reinforce the crypto’s role as a hedge against traditional finance risk.

Altcoins Also Rally Higher

With Bitcoin performing well, altcoins are also rallying. Ether, the second-largest cryptocurrency by market cap, added 2% to its value over the weekend and now trades around $1,650 per coin.

BNB, XRP, ADA, and Dogecoin all increased by 2% in value over the last 24 hours, while SOL and TRX are up by less than 1%. Thanks to the positive performance, the total cryptocurrency market cap now stands at $2.75 trillion.