Bitcoin and Crypto Market: Key Events This Week
This week, the Bitcoin (BTC) market is set to be influenced by various economic data from the US real estate sector as well as the minutes of the Federal Reserve's FOMC meeting. According to BTC-ECHO | Bitcoin & Blockchain since 2014, these factors could significantly impact BTC prices. On Sunday, May 19th, Bitcoin reached a peak of $67,702 USD, marking its highest value since April 13th. The recovery in BTC also saw other top cryptocurrencies like Solana (SOL) and Chainlink (LINK) posting gains of up to 25% over the week.
New Highs Expected for Bitcoin in June
Börse Online reports that despite recent weaknesses following an impressive performance earlier this year, new highs are anticipated for Bitcoin in June. Analysts suggest that a bullish chart pattern might emerge soon due to increased adoption and regulatory clarity around crypto assets. Additionally, strategic partnerships between major banks and crypto platforms further bolster confidence among investors.
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Retail Investors Selling Off Bitcoins Amid JPMorgan Warnings
The price of Bitcoin experienced significant declines in April with retail investors playing a crucial role in this sell-off according to analysts at JPMorgan. As reported by finanzen.ch, several negative factors including high positions relative to gold prices and reduced venture capital funding continue to pose challenges for BTC’s future growth prospects.
Experts Predicting $100K Milestone for Bitcoin Post-Halving Event
A report on BörsenNEWS.de highlights expert predictions suggesting that after overcoming current volatility post-halving event held last month; there is potential for BTC reaching $100k later this year driven primarily through continued institutional interest alongside increasing mainstream acceptance globally especially within inflation-hit economies such as Turkey where ownership rates exceed eight percent among the population already today!
Kryptoqueen Documentary Explores OneCoin Fraud Scheme Impact on Industry Trust Levels
An intriguing documentary titled "Kill Bitcoin! Die Kryptoqueen und ihr OneCoin-Betrug," available via Moviepilot, explores the infamous fraud scheme orchestrated by Ruja Ignatova which shook the entire cryptocurrency community worldwide. The incident still resonates with industry trust levels even now, especially given ongoing regulatory scrutiny faced across multiple jurisdictions.
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