Bitcoin's rally was cut short, dropping below $61k, further lacking the desirable $60k support as it tilts towards a $100m liquidity zone. Consequently, crypto exchange volumes have plummeted, for the first time in seven months, alongside the bitcoin price decline. Meanwhile,
Bitcoin Miner, despite its financial hiccup in Q1, is optimistic about its future, planning for a Wyoming expansion. In recent weeks, bitcoin's modest rebound has had analysts predict that its value could surpass its all-time high by end of June. CEO Jack Dorsey, for instance, projects a bitcoin value of at least a million dollars by 2030. Crypto traders are also anticipating a $100k bitcoin due to this rebound. However, the bitcoin market has faced U.S regulatory pressures causing it to slip. Risks of bitcoin's
mining difficulty falling remain the largest threat since 2022. The EU is presently deliberating on involving crypto in a €12tn investment market, a leap bigger than Bitcoin ETFs. A mixed outlook exists with experts predicting a
likelihood of a bitcoin bull-run resumption. Other sentiments anticipate a fall to $52k. A general concern remains on the effects of the U.S economy's collapse and regulatory fears on Bitcoin's price.
Bitcoin News Analytics from Tue, 16 Apr 2024 07:00:00 GMT to Fri, 10 May 2024 18:03:00 GMT -
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