Bitcoin's price has remained remarkably resilient even after news of the new U.S. Crypto Reserve did not stimulate a rise. Notable increases in crytocurrency acceptance and interest, including a significant spike in Cantor SPAC shares due to a deal to become a Bitcoin vehicle. A trend of conversion to Bitcoin within Wall Street treasuries is evident. ARK's price target for Bitcoin in 2030 is notably optimistic, with Cathie Wood's Ark Invest forecasting a monumental rise in Bitcoin's price. However, the $100K hopes seem to be on hold after setbacks. Swiss National Bank has openly denied Bitcoin's potential as a reserve asset. Bitcoin prices have rallied, with firms like Semler Scientific adding to their Bitcoin stack. A recent surge in cryptocurrency advocacy in Switzerland calls for their central bank to hold Bitcoin. Bitcoin's post-halving price performance has reportedly been the worst on record, leading to increased scrutiny. Yet, the Bitcoin price has rebounded, even breaching the $94,000 mark. Bitcoin has increasingly become an alternative to the unpredictable dollar and volatile stocks. Amidst these developments, criticisms such as the perceived 'impurity' of Bitcoin have also been levied.
Bitcoin News Analytics from Mon, 14 Apr 2025 07:00:00 GMT to Sun, 27 Apr 2025 00:30:47 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor 5
