Bitcoin, Ethereum ETFs React As BTC Surges Past $82K After Trump's Win
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 11 2024
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Source: Benzinga
Bitcoin Milestone: Bitcoin has surged past $82,000, more than doubling from its earlier low this year, driven by optimism regarding a potentially favorable regulatory environment following Donald Trump's election as U.S. president.
ETF Performance: Bitcoin-linked ETFs have also seen significant gains, with notable increases in the Bitwise Bitcoin ETF, Grayscale Bitcoin Trust ETF, and iShares Bitcoin Trust, while Ethereum's ETFs performed positively despite a slight decline in Ethereum itself.
Analyst Views on BITB
Wall Street analysts forecast BITB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BITB 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.
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Current: 48.950
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Current: 48.950
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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.
