Bitcoin's Price Could Reach $74,000 Amid Institutional Demand and Soft U.S. Inflation Figures
Bitcoin's price could surge to $74,000 in the near future due to increased institutional demand and a bullish sentiment for riskier assets following softer-than-expected U.S. inflation figures. Large asset managers such as Millennium and Schonfeld have invested in bitcoin spot ETFs, indicating growing institutional interest. Short-term selling pressure on bitcoin appears to be easing off, according to on-chain and exchange data. This comes after weeks of low volatility in the market, with bitcoin trading within a range of $60,000 to $70,000 since March.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
HashKey prospectus in detail: 1.5 billion HKD loss over three years, 43% equity controlled by Wanxiang Chairman Lu Weiding
Despite HashKey's significant total revenue growth over the past two years, with rapid expansion in trading volume and client base, the underlying financial pressure remains evident: ongoing losses, long-term negative operating cash flow, and consistently high net debt all contribute to continued uncertainty regarding its financial resilience ahead of its IPO.
A Good Opportunity to Buy the Dip? In-depth Analysis of “Real Yield” DeFi Tokens
The market has indeed offered better entry points, but the narrative of "real yield" needs to be carefully scrutinized.
Trending news
MoreCrypto prices
More
