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.
BlackRock sold $213 million worth of Bitcoin shortly after a recent purchase, signaling a return to selling amid ongoing market volatility. This move followed a brief inflow in its Bitcoin ETF, which had raised hopes of a market bottom. Analysts note...
Ethereum dropped nearly 22% over a week, falling from $1,700 to $1,545 and triggering massive liquidations of $468 million. This decline dragged total altcoin market capitalization below $880 billion, reflecting a loss of confidence amid a prolonged ...
The Bhutan government has reportedly sold over $67 million worth of Bitcoin in multiple transactions, coinciding with bearish market predictions that Bitcoin's price could fall to around $48,000. Blockchain data shows significant BTC transfers from B...
Bitcoin experienced a sharp sell-off over the weekend, dropping to a low of $59,100 before buyers pushed the price back above $61,000. The daily Relative Strength Index (RSI) hit a deeply oversold level of 16, indicating that the recent selling press...
Bitcoin recently fell to $59,100, prompting analysts to warn it may be repeating the bearish pattern seen in 2022, especially around the critical 50-month exponential moving average at $66,628. This technical level is seen as a potential support befo...
