Bitcoin, Ethereum, Dogecoin Follow Stocks Into The Red: Analyst Says King Crypto Could Touch $180K Before 2024 Halving
Portfolio Pulse from Mehab Qureshi
Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline due to the U.S. central bank's decision to implement 25 basis point interest rate hikes. Large Bitcoin investors are currently showing a reluctance to buy or sell more of the asset. Analysts predict that Bitcoin could reach six figures before halving in 2024, with the approval of a spot Bitcoin exchange-traded fund potentially triggering a rally.
July 28, 2023 | 2:44 am
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NEGATIVE IMPACT
Dogecoin experienced a decline due to the U.S. central bank's decision to implement 25 basis point interest rate hikes.
The decline in Dogecoin's price is due to the U.S. central bank's decision to implement 25 basis point interest rate hikes.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ethereum experienced a decline due to the U.S. central bank's decision to implement 25 basis point interest rate hikes.
The decline in Ethereum's price is due to the U.S. central bank's decision to implement 25 basis point interest rate hikes.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Bitcoin experienced a decline due to the U.S. central bank's decision to implement 25 basis point interest rate hikes. However, analysts predict that Bitcoin could reach six figures before halving in 2024.
The decline in Bitcoin's price is due to the U.S. central bank's decision to implement 25 basis point interest rate hikes. However, analysts predict that Bitcoin could reach six figures before halving in 2024, which could potentially trigger a rally.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100