Tag: 80k

Is $80K Still Possible, or Is the Rally Over?

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Bitcoin, the undisputed king of cryptocurrencies, is once again on a wild ride. After a surge over the weekend that brought it close to shattering its all-time high, the digital asset has dipped back below the crucial $70,000 mark in the last 24 hours. This sudden correction has left investors wondering if the predicted surge to $80,000 is still on the table. Source: Coingecko Bitcoin Erases Weekend Gains Just days ago, Bitcoin bulls were celebrating as the price climbed to near record highs exceeding $70,000. This bullish momentum fueled optimism,…

Binance CEO Now Expects Bitcoin Price to Top Earlier Estimate of $80K This Year

Binance CEO Richard Teng now expects the price of bitcoin to surpass his earlier estimate of $80,000 this year. The executive anticipates continued significant inflows into U.S. spot bitcoin exchange-traded funds (ETFs) as endowments and family offices increase bitcoin exposure in their investment portfolios. Binance CEO Teng’s Bitcoin Price Prediction Binance CEO Richard Teng shared […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Binance CEO sees Bitcoin soaring above $80k as demand continues to come

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Binance CEO Richard Teng predicts Bitcoin’s value will surpass the $80,000 mark amid increasing investments in crypto-backed exchange-traded funds. Binance CEO Richard Teng foresees Bitcoin’s price surpassing the $80,000 mark amid a surge in investments in crypto-backed exchange-traded funds (ETFs), Bloomberg reports. Teng, who became Binance CEO following the departure of the exchange’s founder Changpeng Zhao in November 2023, emphasized the substantial influx of capital from institutional investors into spot Bitcoin ETFs, particularly following regulatory approval for such products earlier this year by the U.S. Securities and Exchange Commission. Expressing…

Asset manager backs Bitcoin price to hit $80K in 2024

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin could reach an all-time high price of $80,000 in 2024, according to a prominent analyst. Let’s dive into this optimistic forecast. Analysts say a trifecta of catalysts could push Bitcoin price Potential approvals of Bitcoin spot ETFs, the Bitcoin halving set for April, and growing demand from enterprises could drive Bitcoin to $80,000 by the year-end according to AllianceBernstein. Bitcoin rallied by over 150% in 2023 and has…

Bitcoin to surge to $80K as stablecoins overtake Visa in 2024: Bitwise

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Bitcoin is poised to record a new all-time high of $80,000 in 2024, the same year stablecoins are set to collectively settle more money than payments giant Visa, says a Bitwise senior research analyst. In a Dec. 13 post to X (formerly Twitter), Bitwise’s Ryan Rasmussen outlined ten bullish predictions for the crypto industry in 2024, with one of the major themes being the explosive growth of the stablecoin industry. According to Bitwise, stablecoins will be used to settle more volume than Visa payments volume, describing the dollar and other…

The Luna Foundation Guard’s 80k Bitcoin Sold to Save UST’s Peg Were Likely Scooped Up By BTC Whales

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Summary: Earlier this month, the Luna Foundation Guard drained its 80k Bitcoin reserves to save UST’s peg. According to Glassnode, the Bitcoin sold to save UST’s peg likely ended up being bought by small-time BTC whales owning less than 100 coins. The Luna Foundation Guard now holds 313 Bitcoin, down from 80,394 BTC declared on May 7th, 2022. According to an analysis by the team at Glassnode, the Luna Foundation Guard’s (LFG) 80k Bitcoin sold in an attempt to save UST’s peg likely ended up being bought by small BTC…

Analysts flag Bitcoin price levels to watch after LFG sells 80K BTC

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Bitcoin (BTC) needs to hold current levels and work to reclaim higher ones to avoid a crash in the $20,000 range, the latest analysis warns.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Is $20,000 incoming? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD still failing to cement $30,000 as support on the May 16 Wall Street open. The pair had seen fresh losses after the weekly close at $31,300 — this, in itself, disappointing market participants after sealing a record seventh consecutive red weekly candle. Even as the Luna Foundation…

Bitcoin hits 2022 high as analyst gives new $80K BTC price target

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Bitcoin (BTC) gave $48,000 a second grilling on March 29 after a modest overnight correction provided a welcome respite from the upside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader has “strong doubts” over crash below $30,000 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it dipped to local lows of $46,900 before returning to crack $48,000 prior to March 29’s Wall Street open. The pair maintained support at the yearly open even while consolidating, fueling hopes that the 2022 trading range had been truly broken. Now, while acknowledging…