Bitcoin Price Could Surpass $150k by the End of the Year
–News Direct–
Source: Unsplash
The Bitcoin bull run is back and it could be its strongest run yet, according to experts.
After a tumultuous 2022, which saw the cryptocurrency market lose $2 trillion and Bitcoin's price drop by 63%, experienced a remarkable turnaround.1
Last week, the Bitcoin price hit a new record high, surpassing an impressive $73,000 for the first time. Although the weekend saw a mix of fear and greed as Bitcoin dropped to lows of $64,500, it has since rebounded above $69,000, with significant selling of BTC put options indicating that fear has diminished and investors are eager to buy the dip.2
This resurgence is attributed to the approval of Bitcoin exchange-traded funds (ETFs) by the SEC, simplifying the investment process and attracting institutional inves...