Category: Bitcoin Analysis

Bitcoin will double to $200,000 by the end of 2025, says Standard Chartered

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As the price of bitcoin surged above $100,000 for the first time late Wednesday, Standard Chartered believes the flagship cryptocurrency can to double by the end of next year. Analyst Geoff Kendrick said in a Thursday note that the firm’s end-of-2025 price target on bitcoin around the $200,000 level is “achievable.” “We would turn even more bullish if BTC saw more rapid uptake by U.S. retirement funds, global sovereign wealth funds (SWFs), or a potential US strategic reserve fund,” Kendrick wrote. “In 2025, we expect institutional flows to continue at…

Fundstrat’s Tom Lee says bitcoin can hit ‘well above’ $100,000 before year-end

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Fundstrat’s Tom Lee sees more upside in store for one of the leading trades on the heels of President-elect Donald Trump’s victory. “I’m still confident bitcoin is going to close much higher before year-end — well above $100,000 before year-end,” he told CNBC ” Squawk Box ” on Monday. “It’s just a matter of time.” The comments from the widely followed strategist come following a monster rally in cryptocurrencies after Trump’s win over Vice President Kamala Harris, as investors bet the new administration will usher in a period of more…

Bitcoin Price Approaches $100K: The Countdown Is On

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Bitcoin price is rising steadily above the $95,000 zone. BTC is showing positive signs and might soon hit the $100,000 milestone level. Bitcoin started a fresh increase above the $95,000 zone. The price is trading above $95,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $95,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it clears the $100,000 resistance zone. Bitcoin Price Sets Another ATH Bitcoin price remained supported…

Bitcoin could be the mother of all manias as it soars toward $100,000

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As bitcoin prepares to vault to $100,000, I can’t help but wonder if cryptocurrency – not artificial intelligence – is the mother of all financial market manias. Despite its increasingly widespread adoption as an investment vehicle, the flagship crypto has yet to make its intended mark as an alternative currency. While the market capitalization of bitcoin is approaching a staggering $2 trillion, the St. Louis Federal Reserve estimates that there are about $2.4 trillion in U.S. dollars in circulation globally. The U.S. dollar remains the world’s reserve currency, broadly used…

Novogratz warns that there will be a bitcoin correction, says crypto is ‘levered to the gills’

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Bitcoin is poised to breakthrough the long-awaited $100,000 level after its postelection rally, but that doesn’t mean the leading cryptocurrency will go up in perpetuity, said Galaxy Digital CEO Michael Novogratz. Bitcoin was trading at about $97,000 on Thursday morning, after setting a new record high of $98,367.00, according to Coin Metrics. Novogratz said on ” Squawk Box ” that reaching the six-figure mark felt “inevitable” and that bitcoin could continue to rally from there, but a pullback will come eventually. “There’s a ton of leverage in the system right…

Acurx Pharmaceuticals to add up to $1 million in bitcoin for treasury reserve, following MicroStrategy’s playbook

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Thomas Trutschel | Photothek | Getty Images The board of Acurx Pharmaceuticals approved Wednesday the purchase of up to $1 million in bitcoin to hold as a treasury reserve asset. Shares of the the company were last lower by more than 6% after spiking about 8% in premarket trading. “As demand for bitcoin grows, and so does its acceptance as a major and primary asset class, we believe that bitcoin will serve as a strong treasury reserve asset for cash not needed over the next 12 to 18 months” CEO David P. Luci said…

As bitcoin wraps up big week, case is made for $200,000

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Bitcoin is closing in on $100,000 for the first time, but could still double after that, according to BCA Research. “After its recent surge, premised on the more ‘bitcoin friendly’ candidate winning the U.S. presidency, we can expect some near-term retracement — as was the case in April this year,” analyst Dhaval Joshi wrote in a report on Thursday. “On a multiyear horizon though, bitcoin’s structural uptrend is intact and will ultimately take it to $200,000+.” That is due to the belief that, similar to gold, bitcoin is a “non-confiscatable…

Bitcoin Price Holds The Line: Is Another Surge Possible?

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Bitcoin price saw a short-term correction from the $93,450 zone. BTC is now consolidating gains near $87,000 and might attempt another increase in the near term. Bitcoin started a downside correction from the $93,450 zone. The price is trading above $87,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $90,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $87,000 zone. Bitcoin Price Starts Downside…

These stocks have the highest positive correlation with bitcoin

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As bitcoin shoots to new heights, some stocks that trade closely with the digital currency could also see their fortunes rise. Bitcoin has gained more than 32% since President-elect Donald Trump secured a second term last week. Trump indicated his support for cryptocurrencies during his campaign, which could lead to more favorable regulations for the industry. On Wednesday, bitcoin rose above the $93,000 mark for the first time and was last trading more than 3% higher. Against that backdrop, CNBC Pro screened for stocks that have the highest positive correlation…

Ethereum Price Moves Up, Yet Lags Behind Bitcoin’s Momentum

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Este artículo también está disponible en español. Ethereum price started a fresh increase above the $3,120 resistance. ETH is showing positive signs but struggling to catch up Bitcoin’s momentum. Ethereum started a fresh increase above the $3,000 resistance zone. The price is trading above $3,120 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,230 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $3,350 resistance. Ethereum Price Eyes Steady Increase…