What’s Really Making Bitcoin Spike? Analysts Weigh In
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What’s really behind the sudden rise of bitcoin? The world’s number one digital currency has had a very successful 2023 thus far, spiking by as much as $12,000 in the last three months, but while it’s easy to assume that the asset is on the rise strictly because of banking failures in America, some analysts believe the truth is more complicated than that. Bitcoin Is Really Moving Up This Year Not long ago, bitcoin reached a new nine-month high of $28,000. While this wasn’t where the currency stood in November of 2021 (during that time, bitcoin hit a new all-time
Bitfinex analysts predict that Bitcoin will remain rangebound and could rise to as high as $105,000 in January. According to his predictions, Bitcoin will fluctuate between $95,000 and $110,000 by the end of the month. In a recent market report, Bitfinex analysts commented: “We expect Bitcoin to continue a range-bound…
With bitcoin – the world’s number one digital currency by market cap – dropping every two minutes, there are many analysts out there weighing in and giving their thoughts and opinions about where the... [[ This is a content summary only. Visit my website for full links, other content, and…
Bitcoin (BTC) is experiencing a rather volatile day today. After breaking a new record high of $126,000 late yesterday, it retreated to $123,000 during the day. However, with a subsequent upward wave, BTC started to rise again and rose above $125,000. However, Bitcoin could not hold on here and fell…