Bitcoin Bulls Stay in the Game – 134 Percent by Year's End?
In a recent article by DER AKTIONÄR, the current situation and future prospects of Bitcoin following the halving are discussed. Despite a short-term drop below the $65,000 mark, the bullish price target set by the British bank Standard Chartered remains intact. Analyst Geoff Kendrick still sees positive potential for Bitcoin as well as Ethereum, despite geopolitical tensions and other market uncertainties.
After a series of liquidations of leveraged positions in April, the market appears to be stabilizing. Looking ahead, a reduction in supply due to the halving, combined with increased demand from newly approved spot ETFs in the USA, could have a positive effect on prices. DER AKTIONÄR reaffirms a price target of $150,000 for Bitcoin and $8,000 for Ethereum by the end of 2024.
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Ethereum ETF Launches on April 30: Will ETH Price Rise Now?
Bitcoin2Go reports on the upcoming launch of an Ethereum Spot ETF in Hong Kong on April 30, which could also put pressure on the US SEC to approve similar products in America. The article highlights that despite delays in the approval of such funds by the SEC, there is movement in the process.
With the official start of trading of the first Asian Ethereum Spot ETF, new investment opportunities may arise and could potentially outperform Bitcoin if key resistances are broken.
How Bitcoin, Ripple, Bitcoin Cash, and Ethereum Are Performing on Wednesday Afternoon
According to a report from finanzen.net, there were significant movements in major cryptocurrencies such as Bitcoin (BTC), Ripple (XRP), Bitcoin Cash (BCH), and Ethereum (ETH). These dynamics are particularly interesting against the backdrop of global economic uncertainties and technological advancements within the blockchain domain.
This information not only provides investors with insights into current price fluctuations but also clues about which external events or decisions may influence this volatility.
This compilation offers a comprehensive overview of some essential developments in the field of digital currencies based on current analyses from leading financial publications.
