Bitcoin Tops $67K, Nearing Silver’s $1.38T Market Cap
Bitcoin’s price targets $70,000 in the short term and could reach a new all-time high as soon as this week, analysts said.
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Bitcoin’s price targets $70,000 in the short term and could reach a new all-time high as soon as this week, analysts said.
The cryptocurrency has more room to run, analysts say.
Bitcoin could target $58,000 after the breakout, Swissblock analysts suggested.
The CPI reading reduced expectations for interest-rate cuts in the next months, weighing on risk assets such as crypto.
Bitcoin price approaches $49,000 Monday after strong spot bitcoin ETF inflows last week.
Spot bitcoin ETFs attracted Thursday their third-largest net inflows since debut, increasing their holdings by 9,260 BTC.
The broader altcoin market also showed signs of rebounding from oversold levels, one analyst noted.
BTC broke above $44,000 for the first time since Jan. 12, the day after the spot ETF debuts.
Cryptocurrencies slid lower Monday with bbitcoin nearing $42K as soaring U.S. interest rates amid strong economic data, hawkish Powell weighed on prices.
Bitcoin so far remained muted compared to its vehement rally during the March banking crisis, but one analyst said he’s “cautiously long” amid the turmoil.