James Wo, CEO of crypto investment firm DFG, argues bitcoin has stronger institutional support and safe-haven status than ether, which he believes won't reach new all-time highs soon. Wo points out that Ethereum's value is diluted by Layer-2 networks diverting fees and activity, limiting ether's value accrual. He forecasts bitcoin could correct to around $60,000 before reaching a new peak near $125,000 in 2027 or 2028, expecting it to outperform major stock markets. Wo's views contrast with more optimistic ether predictions like Tom Lee's $250,000 target, emphasizing bitcoin's dominant role in crypto investing.
Bitcoin reached $73,091 on Binance's spot market at 7:15 a.m. ET on Nov. 12, briefly crossing the $73,000 mark. This price snapshot shows a short-term increase of $182 within 15 minutes, although the one-hour trend was slightly down by 0.42%. The dat...
CME FedWatch indicates a 100% chance of a Federal Reserve rate hike in December, adding pressure on Bitcoin and the broader crypto market. Bitcoin's price has been declining due to risk concerns and competition from tech stocks, trading below $73,000...
An unidentified crypto trader closed long positions worth $32.85 million in Bitcoin and Ether on Nov. 12, realizing a combined profit of about $142,000. The trader sold 331.49 BTC at an average price of $74,181, making roughly $133,500 profit, and 4,...
On November 11, the cryptocurrency market saw broad losses with 66 of the top 90 coins falling in value. Pepe (PEPE) experienced the steepest drop, falling 15.24% to $0.00000457, ranking 46th by market cap. Other notable decliners included Bitway, In...
About $2.8 billion worth of Bitcoin and Ether options are set to expire on Friday, November 13. Bitcoin options dominate with $2.48 billion across 34,000 contracts, showing a put/call ratio of 0.52 and a max-pain price of $76,000, while Ether options...
