Ethereum

Bitcoin

Billion

Bernstein’s latest report forecasts a huge rise in the Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) market. They predict it will hit $450 billion, with more than $100 billion flowing into crypto ETFs over the next two years. 
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Bitcoin’s high in 2025 is projected to reach $150,000, with a target of $90,000 by the end of this year. The broker’s analysts, Gautam Chhugani and Mahika Sapra, emphasized the potential for huge growth in the crypto ETF market. 
<h2 class="wp-block-heading" id="ethereum-has-been-on-a-roll">Ethereum Has Been on a Roll</h2> 
The cryptocurrency market saw the return of the bulls riding on the hype of Ethereum spot ETFs last week. Ether, in particular, saw massive growth, increasing by about 30% in the past week. The spike was followed and boosted by the U.S. Securities and Exchange Commission’s (SEC) eventual approval of the 19b-4 filings of eight spot ETH ETF issuers. 
Once these S1 filings get the green light, Ether ETF trading will commence on exchanges. The approval also officially classified Ethereum as a commodity and not a security, settling one of the biggest controversies surrounding the second-largest cryptocurrency in the world. 
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Bernstein notes that Ether is the first proof-of-stake-based token approved as a spot ETF. This approval is a milestone that clears the way for other blockchain assets to evolve from token sales to mainstream financial products. This change could benefit tokens like Solana (SOL) and XRP (XRP), which could follow in Ethereum’s footsteps. 
<h2 class="wp-block-heading" id="bitcoin-will-hit-90k-by-the-end-of-the-year">Bitcoin Will Hit $90K by the End of the Year</h2> 
Bernstein’s report also touches on Bitcoin’s market cycle. They forecast a cycle high of $150,000 for Bitcoin in 2025, suggesting a substantial upward trend. <a href="https://www.coindesk.com/markets/2024/05/28/bitcoin-and-ether-etf-markets-expected-to-grow-to-450b-bernstein/" rel="nofollow noopener" target="_blank">According</a> to the analysts, the end-of-year target price for Bitcoin is set at $90,000. 
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 <img loading="lazy" decoding="async" class="wp-image-532221 size-full" src="https://www.cryptopolitan.com/wp-content/uploads/2024/05/image-300-3.jpg" alt="Bernstein Predicts $450B Crypto ETF Market and $150k Bitcoin in 2025" width="1920" height="1368" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/05/image-300-3.jpg 1920w, https://www.cryptopolitan.com/wp-content/uploads/2024/05/image-300-3-300x214.jpg 300w, https://www.cryptopolitan.com/wp-content/uploads/2024/05/image-300-3-1200x855.jpg 1200w, https://www.cryptopolitan.com/wp-content/uploads/2024/05/image-300-3-768x547.jpg 768w, https://www.cryptopolitan.com/wp-content/uploads/2024/05/image-300-3-1536x1094.jpg 1536w" sizes="(max-width: 1920px) 100vw, 1920px">
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Recently, Bitcoin’s price has dipped below both moving averages, suggesting a bearish outlook in the short term. The crossover where MA50 moves below MA200 typically signals a “death cross,” which is often interpreted by traders as a potential for more bearish pressure on the price. 
However, Bitcoin’s current Relative Strength Index (RSI) suggests that it is neither in the overbought nor the oversold territory. Given the current market trends, Bitcoin might continue to experience resistance around $67,900. If it fails to break past $68,000, the price may further consolidate, potentially testing lower support levels near $66,000. 
Cryptopolitan reporting by Jai Hamid

Bernstein Predicts $450B Crypto ETF Market and $150k Bitcoin in 2025

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