Bitcoin's Rollercoaster Ride: From All-Time High to Struggle at $69K

TL;DR Summary
Bitcoin struggles to surpass $69,000 after reaching a new all-time high, with Grayscale's selling of coins and uncertainty about the impact of the upcoming halving contributing to the drop. Ethereum also faces a 10% decrease in value, while meme coins like Pepe, Dogwifhat, and Bonk experience significant losses. Despite the current market pessimism, some analysts remain confident in the long-term prospects of Bitcoin and Ethereum, with forecasts of $90,000 for Bitcoin by the end of the year and $8,000 for Ethereum by the end of this year, and $14,000 by the end of 2025.
- This Week in Coins: After Setting a New All-Time High, Bitcoin Struggles to Retake $69K Decrypt
- Bitcoin Remains Overbought Despite Recent Correction, JPMorgan Says CoinDesk
- Bitcoin's Been Sliding Ahead of 'Halving,' but Crypto Bulls Not Worried Markets Insider
- Bitcoin turns higher after Fed meeting, reclaiming $65,000 CNBC
- Bitcoin Price Struggles. It’s Had a Very Bad Week—and the Selloff May Not Be Over. Barron's
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
1 min
vs 2 min read
Condensed
66%
280 → 94 words
Want the full story? Read the original article
Read on Decrypt