What Happened in Crypto Today
In today's crypto news, analysts at 10x Research have forecasted that Bitcoin could reach a price of $100,000 by the end of January 2025, based on strong institutional interest and recent market indications. Their predictive model, which has an accuracy of 86.7%, points to a potential 40% increase in Bitcoin's value following its recent six-month highs. Meanwhile, despite Bitcoin nearing its all-time high of $73,562, retail trader interest remains relatively low, with Google search trends reflecting a score of only 23 out of 100 compared to May 2021. Additionally, the FTX estate has filed a lawsuit against KuCoin to recover over $50 million in locked assets that have been frozen for nearly two years. KuCoin has stated that these assets were locked due to suspected fraudulent activity, emphasizing its adherence to law enforcement directives.
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