Bitcoin Could Hit $69K by Mid-2024 as It Enters Acceleration Phase, Analyst Says
BTC prices have doubled this year amid a spot ETF push by prominent traditional finance firms.
BTC prices have doubled this year amid a spot ETF push by prominent traditional finance firms.
The token is up more than four-fold in 2023 after starting the year at around $10.
Bitcoin could rise to $56,000 by Dec. 31, in line with its record of maintaining bullish momentum in final months of the year.
New European laws took effect in April, but fears over its limited scale may have inhibited take-up.
The spread between yields on 10-year and three-month Treasury notes has resumed the recovery toward zero. Ether has a strong inverse correlation with the yield spread than bitcoin.
The 10-year Treasury rate surging to a 16-year high and equity markets selling off could push BTC lower, one trading firm said.
Mainstream interest in the crypto market remains low as key economic indicators show continued decline in the disposable income of the U.S. households.
These changes are supposed to boost the value of MIOTA tokens and improve network security.
Despite bitcoin’s tumultuous year, the world’s largest digital asset proved to be a reliable hedge against inflation. And a number of Liberal MPs own it.