Bitcoin Price Drop: Bitcoin fell below $90,000 for the first time in seven months, marking a significant decline of nearly 30% from its October peak of over $126,000, with a recent 9.5% drop in the last five days.
Market Sentiment: The downturn is attributed to weakened investor risk appetite amid economic pressures, including concerns over interest rates and declining valuations in speculative assets.
Historical Context: This is the first time Bitcoin has dropped below this level since April, when it fell to $74,400 due to market reactions to President Trump's tariff plans.
Crypto Market Overview: Notable cryptocurrencies and Bitcoin-linked ETFs are highlighted, with a report indicating that crypto funds experienced outflows of $2 billion last week.
Wall Street analysts forecast GBTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GBTC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast GBTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GBTC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 70.340
Low
Averages
High
Current: 70.340
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
