Recently, analysts from the private wealth management firm, Bernstein, reiterated their prediction regarding Bitcoin’s future potential. Gautam Chhugani and Mahika Sapra emphasized that there is a strong possibility for Bitcoin to reach $150,000 by the year 2025. This reaffirmation comes after their initial forecast back in November 2023 when they first made this bold prediction.
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The recent crash in the price of Bitcoin, which dipped below $66,000, can be attributed to a significant drop in inflows into Spot Bitcoin ETFs. Data from Spot On Chain indicated a sharp decline in net flows into these ETFs over the past few days. On Wednesday, March 3, there was a 38% decrease in
MicroStrategy, the American business intelligence and software development company, has recently announced its plans to acquire an additional Bitcoin by raising $500 million in convertible debt offerings. This move comes after the company sold approximately $800 million in convertible debt offerings just a few days ago, using the proceeds to purchase around 12,000 BTC. As
The CEO of Jan3 and Bitcoiner, Samson Mow, has made a bold prediction that Bitcoin could potentially reach $1 million in the near future. This ambitious price target has raised eyebrows among many investors and experts in the cryptocurrency space. But Mow is standing by his prediction, confident in his reasoning behind it. Mow explained
The recent surge in the price of Bitcoin to new all-time highs has attracted the attention of large whales holding significant amounts of BTC. These whales, defined as those holding at least 1,000 BTC in their wallet, have been taking advantage of the price increase to sell off some of their coins. This has led
The recent surge in Bitcoin’s value, pushing it beyond $73,000, has sparked excitement in the cryptocurrency world. The narrative of this surge was dominated by two major players – BlackRock and MicroStrategy. BlackRock, a leader in asset management, made waves by filing with the SEC to potentially incorporate spot Bitcoin ETFs into its Global Allocation
Despite facing a recent 5% decrease in value, Cardano (ADA) remains resilient and optimistic. Priced at $0.75 with a 24-hour trading volume of $1.14 billion and a market capitalization of $24 billion, ADA stands strong in the crypto market. Renowned analyst Sssebi’s positive analysis of ADA’s weekly chart indicates a promising future with significant green
Recently, Matt Hougan, Chief Investment Officer (CIO) at Bitwise Asset Management, discussed the growing interest and adoption of spot Bitcoin Exchange-Traded Funds (ETFs) on CNBC’s ‘Halftime Report’. This conversation coincided with Bitcoin (BTC) surpassing all expectations by reaching a new peak of almost $72,500. The influx of around $20 billion into the market after the
Bitcoin has once again made history by reaching a new record high of over $71,000, confirming its position as the digital equivalent of gold and surpassing the market capitalization of silver in the process. This achievement, which has been happening frequently since the beginning of March, saw Bitcoin hitting an all-time high of $72,750 today,
Bitcoin, the world’s largest cryptocurrency asset, has reached a new milestone by surpassing its previous all-time high (ATH) of $69,000, achieved almost three years ago. This significant price increase has sparked excitement among cryptocurrency enthusiasts and experts who are eagerly predicting further upward movement for the digital asset in the coming months. One notable cryptocurrency
The recent surge in Bitcoin’s price, surpassing $71,000, can be attributed to a combination of factors. One significant factor is the announcement by the London Stock Exchange (LSE) to accept applications for the admission of Bitcoin and Ethereum Exchange-Traded Notes (ETNs) in the upcoming quarter. This move signifies a major step towards mainstream financial markets’
Bitcoin transaction fees have experienced an unprecedented surge, doubling in just one week, as the market rallies towards the coveted $70,000 mark. This surge cannot be solely attributed to the upward trajectory of Bitcoin’s price but is significantly influenced by the sudden rise in Ordinals transactions. Our in-depth analysis reveals that Ordinals, which started the
The recent proclamation by cryptocurrency trader KALEO and other analysts has stirred up the market with their assertion that Dogecoin’s journey to $1 is not just a speculative venture but a tangible possibility within the current market cycle. This bold claim sheds a new light on Dogecoin’s narrative amidst the ongoing market volatility. The confidence
Bitcoin has recently made headlines by surpassing the $70,000 mark, sparking a wave of excitement among investors. This surge has been attributed to various factors, one of which is the introduction of spot bitcoin exchange-traded funds (ETFs) in the United States. The steady climb of Bitcoin throughout the week, coupled with a 12% rally, has