Previous close | 0.4000 |
Open | 0.4000 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 865.00 |
Expiry date | 2024-06-21 |
Day's range | 0.4000 - 0.4000 |
Contract range | N/A |
Volume | |
Open interest | 1 |
Analysts at research and brokerage firm Bernstein have raised their Bitcoin price forecast to $200,000, up from their previous target of $150,000. Bitcoin and crypto-related stocks remain underrated and are ripe for institutional inflection as pessimism from past regulatory hurdles fades, the analysts wrote in a note on Thursday. "We remain convinced in our Bitcoin new cycle thesis," the analysts wrote, adding that Bitcoin has been increasingly adopted by institutional investors and global asset managers.
Investing.com-- Bitcoin price dropped slightly Wednesday, continuing the recent weakness amid concerns about the health of the global economy. At 05:30 ET (09:30 GMT), Bitcoin traded 0.5% lower at $65,217.0, posting losses of around 4% over the course of the last trading week, having fallen below $65,000 on Tuesday for the first time since May 16. The possibility of higher-for-longer U.S. borrowing costs has dampened enthusiasm for the cryptocurrency market, with bitcoin being the world’s biggest cryptocurrency.
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