đLatest Update News "Bitcoin Price Set to Hit $90,000
Amid Halving Impact, Says
Bernstein"
The price of Bitcoin might have dipped below its 2021 peak of $74,000, but some analysts remain optimistic about the leading cryptocurrency. đ
AllianceBernstein predicts Bitcoin will hit $90,000 by year-end, up from their earlier forecast of $80,000. đđŻđ„
Bitcoin surpassed silver's market cap last week but has since dropped to $66,536. đ°đ€đžđŽ
Analysts Gautam Chhugani and Mahika Sapra believe the halving impact on miners will be mild due to bullish market conditions. đđžđŠđŠ đŠ đŠ
Bitcoin's halving event, now expected on April 20, reduces miner rewards by half every four years, making the cryptocurrency scarcer. âïžđčđžđ©âđ«
The researchers recently lowered their bullish forecast for Bitcoin, now expecting it to reach $150,000 by 2025, citing the approval of spot Bitcoin ETFs in the U.S. đđđđ
The approval of 11 spot Bitcoin ETFs by the SEC in January signals a bullish outlook for Bitcoin, according to Bernstein analysts. đđčđ
Investors seeking exposure to the crypto space may consider buying Bitcoin mining stocks, with Riot and CleanSpark highlighted as top miners post-halving. đŒ#HotTrends #BOME #Write2Erarn #Write2EarnâŹBTC #CryptoNewsđđ„
