Experts Predict Bitcoin Surge To $65,000 As Crypto Market Remains Steady
Portfolio Pulse from Murtuza Merchant
Bitcoin is projected to reach $65,000 due to increased long positions and bullish options activity. Despite a slight dip, Bitcoin and Ethereum are seeing significant ETF inflows, with Ark Invest & 21Shares' ETF and Fidelity's ETF leading for Bitcoin, and BlackRock's ETF for Ethereum.
September 20, 2024 | 5:51 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Ark Invest & 21Shares' ETF saw a significant net inflow of $81 million, indicating strong investor interest in Bitcoin.
The substantial inflow into ARKB suggests strong investor confidence in Bitcoin, likely boosting the ETF's short-term performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
BlackRock's Ethereum ETF experienced a net inflow of $5.2 million, showing growing interest in Ethereum.
The inflow into ETHA suggests increasing investor confidence in Ethereum, likely supporting its short-term performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Fidelity's Bitcoin ETF recorded a net inflow of $49.8 million, reflecting positive market sentiment towards Bitcoin.
The inflow into FBTC indicates growing investor interest, which could positively impact its short-term price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70