⇘ Turbulent Times Ahead for BTC Amid Some Positive Signs
There are various indicators hinting at the potential of Bitcoin (BTC) ending its bear run and reaching heights of $65K. Renowned billionaire...
There is a significant buzz in the cryptocurrency world with launches, partnerships, and predictions surrounding Bitcoin. Tether, SoftBank Group,Jack Mallers, and Cantor Equity Partners are joining hands to create Twenty-One, a Bitcoin-native company. This collaboration hints towards a possible $3B Bitcoin venture, fuelling the anticipations about the next bull run for Bitcoin.
Simultaneously, Bitcoin's price rallied above $90,000 extending its rebound by over 20%. Speculations around Bitcoin being valued at $1 million also started surfacing.
Furthermore, Citrea, a Bitcoin Rollup, deployed bridge to tackle the collateral bottleneck for using Bitcoin in DeFi. On the other hand, price predictions for major cryptocurrencies, including Bitcoin, showed strong bullish signs with Bitcoin-targeting $100k and Bitcoin ETF inflows observing a significant deviation from the average.
The U.S. Spot Bitcoin ETFs saw a $381 Million surge while Bitcoin stayed steady during the traditional finance sell-off. An executive from Galaxy even made a bold prediction that the US government might start accumulating Bitcoin to boost BTC strategic reserves. Yet, potential uncertainties remain in the market, especially about whether the Bitcoin halving event has lost its effectiveness as Bitcoin witnessed its poorest ever post-halving performance.
BTC News Analytics from Fri, 18 Apr 2025 21:11:01 GMT to Wed, 23 Apr 2025 21:20:00 GMT - Rating 8 - Innovation 2 - Information 5 - Rumor 1
