Bitcoin Price Briefly Hits $67,200 as Bitfinex’s Analyst Forecasts Further Growth
According to a recent Bitfinex market report, the Bitcoin supply squeeze has already begun following the recent halving event.
Btc price decreased to $309 after a flash crash on the bitcoin trading platform BTC-e.
According to a recent Bitfinex market report, the Bitcoin supply squeeze has already begun following the recent halving event.
Fidelity continues to have a “neutral” outlook for Bitcoin stating that BTC is fairly priced with on-chain indicators also showing strength.
The Bitcoin race to $100K and beyond was triggered by the BTC halving event 2024 over the weekend amid heightened demand from institutional investors.
The price trajectory of Bitcoin has remained little unchained despite speculations and projections by different analysts before the halving.
As Bitcoin price rebounded prior to options expiry, traders took advantage of negative funding rates to initiate long positions, leading to a recovery.
With Bitcoin’s recent price surge, it can be inferred that Schiff’s post questioning the leading cryptocurrency’s safe haven status may have been premature.
Breaking down the losses across different blockchains, BTC traders took the highest hit, with $4 million liquidated in the network in the last 24 hours.
Bitwise CEO Hunter Horsley said that several RIAs and multi-family offices have been exploring Bitcoin investments while staying low-key and conducting research silently.
Crypto whales have continued to defend Bitcoin’s support level around $61K ahead of the fourth halving over the weekend.
The speculations of these analysts underscore the previous opinion shared by Bloomberg Senior ETF Analyst Eric Balchunas.