Bloomberg Analysts: Bitcoin 'Halving' Can Send BTC Past $50,000 – Here's Why
Bitcoin (BTC) could rally past $50,000 over the next year as the effect of the next halving kicks in, according to a Bloomberg Intelligence report. Judging from the findings in the report, the rally seen in the Bitcoin m...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Judging from the findings in the report, the rally seen in the Bitcoin market since the beginning of the year could be just the start of a larger bull market for the number one cryptocurrency.
Bitcoin has already risen by about 66% this year, and is currently consolidating just below the $28,000 mark. ...
Read More: Bloomberg Analysts: Bitcoin 'Halving' Can Send BTC Past $50,000 – Here's Why
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
CZ Sends $965K to Giggle Academy, Retires Wallet After Meme Coin Chaos
Key Takeaways: CZ transferred approximately $965,000 worth of crypto to Giggle Academy on their wallet. This transfer consists of...
Moscow Exchange plans to launch Bitcoin, Ethereum perpetual futures next month
MOEX's crypto futures expansion could enhance Russia's financial infrastructure, offering regulated crypto exposure and potentiall...
Ethereum developers propose privacy changes for next major upgrade
Ethereum's proposed privacy upgrades could redefine user anonymity and regulatory compliance, impacting blockchain transparency an...
Cboe pushes for 3x Bitcoin and Ethereum ETFs after 2x crypto funds suffer losses of up to 96%
Cboe BZX is asking the Securities and Exchange Commission (SEC) for an exception to its own generic listing rules so it can list f...
Bitcoin turned $10,000 into $870,000 in a decade where 87% of active stock funds failed to beat passive rivals
Bitcoin returned 87 times over a decade, while only 13% of actively managed US large-cap equity funds beat comparable passive fund...
Worldcoin (WLD) Price Prediction: Ascending Triangle Signals Potential $0.40 Breakout Amid Grayscale ETF Filing and Supply Cuts
The improving setup comes as several fundamental developments have changed the backdrop for WLD. Grayscale has filed with the U.S....