↑ BTC Continues Meteoric Rise Amidst Volatility and Expansion
Bitcoin (BTC) continues its upwards trajectory, breaking past the $91,000 mark. Recent geopolitical events, including former US president...
Multiple observers from the investment arena predict a rise in Bitcoin's market capitalization. Further price analyses indicate that Bitcoin could witness a breakout after consolidating within a narrow range. There's speculation about a potential price rise due to Trump's prospective 10% credit cap, which is assumed to drive people towards cryptocurrencies. Meanwhile, there's some apprehension as Bitfinex whales start to offload their BTC longs, despite the resurgence of a $135K price target for Bitcoin.
Bitcoin crossed $90K, attracting investor optimism even amidst the recent market turbulence. There is skepticism around Bitcoin's comparison to 'digital gold' and rumors around Venezuela holding $60B in Bitcoin. Some experts predict a 25% fall below $70,000 for BTC, while others revamp Bitcoin's long-term forecasts and place potential prices up to $315,000.
Renowned investor, Cathie Wood remarks that the US government might integrate Bitcoin into their reserves. Meanwhile, the world's biggest crypto exchange, Binance's founder Chuang Zhao encourages crypto holders, hinting at Wells Fargo's prospective Bitcoin purchases. Other investments establishments such as Bank of America and Morgan Stanley also recommend Bitcoin portfolio allocations, adding credibility to the asset. Still, the immediate future appears mixed with continued bearish sentiments and slowdown in ETF investments despite overall positive long-term forecasting.
BTC News Analytics from Fri, 02 Jan 2026 08:00:00 GMT to Sun, 11 Jan 2026 22:20:04 GMT - Rating 8 - Innovation 6 - Information 8 - Rumor -2
