2021-10-9 18:22 |
The lawmaker from Wyoming has been a vocal supporter of Bitcoin and blockchain technology in Congress.
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Interest in cryptocurrency projects has been exceptionally high in recent months as investors eye the 2025 bull run. Fifteen years after the launch of Bitcoin, crypto enthusiasts have witnessed how an innovative tech idea can grow from one with no intrinsic value to a digital asset with a market cap of $1.
Crypto majors crumbled in early Monday session as financial markets reacted to President Trump’s decision to impose hefty tariffs on its key trade partners. While the risk-off mood pushed the digital assets to multi-month lows, savvy investors saw an opportunity to ‘buy the dip’.
Explore key Bitcoin metrics like the Puell Multiple and MVRV Z-Score to understand this cycle’s progress, anticipate price peaks, and prepare for Bitcoin’s potential path toward $200K.
Bitcoin’s price is influenced by a mix of factors, including supply and demand dynamics, mining costs, regulatory developments, market sentiment and more.
Asset management firm, Alliance Bernstein, tells investors to “buy everything you can” as analysts expect major altcoins to outperform Bitcoin over the next 12 months. This comes as Bitcoin broke the $82,000 level.
Discover key insights, expert analysis, and bullish Bitcoin price forecasts featured in the October 2024 edition of The Bitcoin Report.
Diminishing Returns: Is Bitcoin's Cooling-Off Period a Precursor to New Highs?