Cryptocurrency Price Movements Today: Bitcoin Briefly Breaks Through $65,000
Written by Emily J. Thompson, Senior Investment Analyst
Source: investopedia.com
- Bitcoin Price Movement: Bitcoin is trading around $64,000 after briefly surpassing $65,000, with positive movement attributed to the possibility of Donald Trump's re-election and upcoming approval of spot Ether ETFs by the SEC.
- Ether ETF Launch Impact: The launch of spot Ether ETFs is expected to drive Ether prices to all-time highs above $5,000, with Bitwise predicting significant inflows and a choppy price journey before reaching peak values.
Analyst Views on BTC
Wall Street analysts forecast BTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTC 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: 39.870
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Current: 39.870
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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.
