Institutions: Bitcoin's Recent Rally May Continue Further
According to a report by Jinse Finance, Hina Joshi, Head of Digital Assets at TP ICAP, stated that Bitcoin’s recent rally may still have further room to rise. She pointed out that financial institutions generally expect the Federal Reserve to resume interest rate cuts later this year, which would benefit risk assets including Bitcoin. Data from LSEG shows that the market has currently priced in expectations for nearly two rate cuts within the year. The growth of crypto reserves, the increasing adoption of Bitcoin-based corporate strategies, and the gradual embrace by sovereign nations could all further drive Bitcoin’s upward momentum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Jefferies raises Tesla's target price to $400
Goldman Sachs (GS.US) stock plunges 22% into bear market, financial report becomes the key to a breakthrough
Goldman Sachs' market value evaporated by several billions, with its share price down more than 22% from the year's high. Despite Q3 revenue exceeding expectations, a 41% drop in M&A activity and a slowdown in IPOs have dampened market sentiment. Analysts project a 12% revenue increase in Q4, but technical indicators suggest there is further downside risk to $783. Rumors about management transitions have also drawn attention.
Delivery soared by 85% but failed to prevent the death cross; Rivian (RIVN.US) dilution risk sparks panic
Despite the R2 model driving an 85% year-on-year increase in deliveries, Rivian's stock price continues to decline due to technical death cross, high short interest, and risks of equity dilution, facing a severe market test.
Crypto prices
More
