Ethereum Surpasses Bitcoin in Liquidity: Ethereum overtook Bitcoin in liquidity, with approximately $27.09 million in liquidations compared to Bitcoin's $14.59 million over the last 24 hours, marking a significant shift in the cryptocurrency market.
Market Struggles Amid Economic Pressures: The cryptocurrency market faced challenges as Bitcoin holders experienced 30-day losses for the first time in 2023, coinciding with Japan's 40-year bond yield hitting 4%, tightening global financial conditions.
Retail Sentiment Shifts: Retail sentiment around Ethereum and Bitcoin has shifted from bullish to bearish, indicating a change in market confidence, with chatter levels dropping from high to normal.
Broader Market Context: The overall cryptocurrency market saw about $113.25 million in liquidations in the last 24 hours, with analysts suggesting that the market may be entering a longer five-year cycle rather than the traditional four-year cycle.
Wall Street analysts forecast SLV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLV 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 SLV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLV 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: 83.960
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Current: 83.960
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Averages
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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.
