Bitcoin soars higher to catch up with gold’s recent gains, and investors’ belief that the Fed will continue to cut rates could send BTC price into the $125,000 range.
The US government is shut down, and the deficit continues to soar. Despite this, Paul Tudor Jones says a massive rally in stocks and Bitcoin could continue.
Soaring ETF volumes, the potential for a supply shock and strong BTC derivatives markets all suggest that $150,000 is still possible before the end of the year.
Bitcoin’s $16,700 price crash, the liquidations, and volatility are par for the course. Data shows this week’s price collapse is not terribly abnormal for the crypto market.
ETH races back toward $4,500 just days after a historic crypto market liquidation event sent the altcoin’s price below $3,750. Cointelegraph explains why.
Bitcoin’s upside could be limited as weak US jobs data, negative funding rates at Binance, and risk-averse traders weigh on short-term market momentum.