Bitcoin’s Rollercoaster Ride Won’t Derail VanEck’s $180K View
Bitcoin’s price action this month has left traders watching closely as big players double down on bullish calls. According to VanEck’s research, the investment firm has reaffirmed a $180,000 year-end target even after Bitcoin slid from a recent high, a sign that some institutional buyers are not backing away despite a pullback. Related Reading: Solana Extends Streak, Outshines Ethereum in DEX Volume – Details Institutional Buying Remains Heavy Reports have disclosed heavy accumulation in July. Exchange-traded products bought 54,000 BTC while Digital Asset Treasuries added 72,000 BTC,....
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Bitcoin’s rollercoaster ride continues, and according to BitMEX co-founder Arthur Hayes, the next stop could be $70K. His prediction follows Bitcoin’s four-month low of $76.8K on March 11th, marking a 36% correction from its $110K all-time high. But Hayes reassures investors – this is textbook bull market behavior, not a sign of long-term weakness. His […]
Having fallen out of favor in the circles of highly influential blockchain technology players, Bitcoin likely won’t see its widespread commercial adoption beyond the retail and speculation level. This is a long-term view, and not to minimize the usefulness and impact of what Bitcoin is and has inspired. But, as players like R3 CEV, IBM, Intel, Microsoft and a slew of other companies experiment with blockchain technologies, it’s clear to see that they’re looking to serve their clients, who perceive no uses for Bitcoin itself in their industry. Mike Hearn, a Bitcoin developer privy to what’s....
Investors are still forging ahead with digital currencies such as Bitcoin and Ethereum despite the recent volatility. Many experts and professional investors still believe that there are unprecedented returns on offer. Unknown territory. Investors in traditional markets are not used to seeing swings of 50 percent in a month for an asset, such as what happened to Ethereum which dropped from nearly $400 to just over $200, as well as experiencing a flash crash. There has also been a huge correction in Bitcoin price that has seen it fall from its high of $3,000. Despite this though,....
Bitcoin has continued its downward trend despite briefly surging to $94,000 last week, a move that had initially fueled investor optimism. Since hitting that level, the cryptocurrency has steadily declined, now trading below $80,000 as of today. While the short-term price action suggests a bearish outlook, some analysts remain confident about Bitcoin’s potential for long-term growth. Bitcoin’s Price Outlook: $180K Within Reach? One of CryptoQuant’s contributors to the QuickTake platform, ibrahimcosar, recently shared his perspective on Bitcoin’s price trajectory, offering a bold prediction....
Bitcoin and other cryptocurrencies are notoriously volatile, as the recent May selloff was a violent reminder of. The ongoing market cycle has been a walk in the park compared to the rollercoaster theme park ride of past cycles, which according to capital manager Dan Tapiero could be a sign that the first ever cryptocurrency is […]