2024-06-12 15:05:43

Bitcoin's Volatility Amidst Macro Factors and ETF Developments

Image used under license from Shutterstock.com

Bitcoin faces fluctuations as it drops 5% to $66,600, while Ethereum and other cryptocurrencies also experience losses. Bitcoin ETFs see significant outflows after consecutive days of inflows, with traders monitoring macroeconomic reports and potential market impacts of U.S. events.

Predictions vary, with reports suggesting Bitcoin may reach $120,000 or even $150,000 this year, fueled by ETF approvals and increased liquidity. Despite recent dips and stagnant periods, experts remain optimistic about Bitcoin's long-term value and potential stability amidst market shifts.

Related news on that topic:

The press radar on this topic:

TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more
11. Juni 2024 um 22:32

Ethereum to break $6,000 thanks to ETF approval, analyst says

Finance
Cryptocurrencies & blockchain
Ethereum is predicted to surpass $6,000 with the approval of spot ethereum exchange-traded funds by the SEC. Analysts foresee a surge in ethereum's value, with some predictions reaching as high as $8,000 by 2024.
TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more
17. Juni 2024 um 09:13

Bitcoin call options show investors optimistic about price breaking $74,000

Finance
Bitcoin investors are optimistic about the price surpassing $74,000, as indicated by call option data showing bullish sentiment. Analysts attribute the positive momentum to inflows from bitcoin ETFs and anticipate approval of ethereum ETFs to further drive market growth. Institutional demand and interest rates are key factors influencing bitcoin's appeal compared to traditional investments.
TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more
17. Juni 2024 um 15:14

Bitcoin may jump to $150,000 this year, Gemini official says

Finance
Gemini official predicts Bitcoin could reach $150,000 this year due to the approval of spot bitcoin ETFs, leading to increased liquidity and investment. Ethereum also sees potential growth with the approval of spot ether ETFs, attracting more investors to the crypto space.
TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more
18. Juni 2024 um 09:13

Ethereum ETFs could push bitcoin to $200,000: Gryphon Digital Mining CEO

Finance
The CEO of Gryphon Digital Mining predicts that the approval of Ethereum ETFs could lead to significant price increases for both bitcoin and ethereum. He expects a potential pattern similar to bitcoin's response to ETF approvals, with a projected price of over $200,000 for bitcoin. Despite potential volatility and short-term price dips, the introduction of ethereum ETFs is seen as beneficial for the overall cryptocurrency ecosystem.
CW

Account

Waiting list for the personalized area


News-Podcast

The most important news of the day to listen to.

Welcome!

InfoBud.ai

infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!