Bitcoin Hovers Near $30K After BitGo Abandons Prime Trust Takeover, Ethereum, Dogecoin Drop Slightly — Analyst Predicts 420% Surge For King Crypto By 2025
Portfolio Pulse from Mehab Qureshi
Major cryptocurrencies slightly tumbled on Thursday evening following BitGo’s decision to halt the acquisition of rival Prime Trust. The price of Bitcoin seems to have hit a standstill after rallying for two days on news of spot Bitcoin ETFs. Analysts predict a 420% surge for Bitcoin by 2025.
June 23, 2023 | 2:33 am
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NEGATIVE IMPACT
Dogecoin's price dropped slightly following BitGo's decision to halt the acquisition of rival Prime Trust.
The halt of BitGo's acquisition of Prime Trust caused a slight tumble in cryptocurrencies, including Dogecoin. This may have a short-term negative impact on Dogecoin's price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ethereum's price dropped slightly following BitGo's decision to halt the acquisition of rival Prime Trust.
The halt of BitGo's acquisition of Prime Trust caused a slight tumble in cryptocurrencies, including Ethereum. This may have a short-term negative impact on Ethereum's price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Bitcoin price hit a standstill after rallying on news of spot Bitcoin ETFs. Analysts predict a 420% surge for Bitcoin by 2025.
The halt of BitGo's acquisition of Prime Trust caused a slight tumble in cryptocurrencies, including Bitcoin. However, analysts predict a 420% surge for Bitcoin by 2025, indicating a positive long-term outlook.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100