🔥Bitcoin expected to rebound in 2024 and hit $150,000, per analyst: 🤔🤔🤔
📌The world's top cryptocurrency faced a temporary dip on Wednesday, but analysts see this as a minor setback.
📌Despite bitcoin briefly dipping below $60,000 on Wednesday, the world's top cryptocurrency is forecast to scale new heights and jump to $150,000 by December, new market forecast from Tom Lee, Fundstrat's head of research, shows.
📌The surge in bitcoin's price would represent a 138% increase for bitcoin, a welcome shift in bitcoin's market position after the cryptocurrency plunged 7% recently. According to K33 research, Bitcoin's lowered price is partly explained by hacked, defunct crypto exchange Mt. Gox pledging to repay customers nearly $9 billion in crypto, spurring fears about a large volume of crypto hitting digital assets markets at once.
📌"Bitcoin's probably suffering from the Mount Gox starting distributions in July," Lee explained to CNBC. "That was a huge overhang for many years, but if I was investing in crypto, knowing that one of the biggest overhangs is going to disappear in July, I think it's a reason to actually expect a pretty sharp rebound in the second half."
On July 3, the price of bitcoin temporarily plunged below $60,000, worrying traders as it hit $59,600. Bitcoin has witnessed an approximately 18% slide in this year's second quarter. Analysts say the brief dip underscores how the world's top cryptocurrency has been been sliding since June.
📺 Io token:
🔥 io.net (IO) Price Prediction:
io.net (IO) is currently trading at $2.40569251981 and sits at number #193 on CoinMarketCap in terms of market capitalization. There are 95000000 IO coins currently in circulation, bringing the total market cap to $228540789.382.
Over the past 24 hours, io.net has decreased by 10.18%. Looking at the last week, the coin is down by 34.52%.
#BinanceTournament #BinanceTurns7 #SOFR_Spike #US_Job_Market_Slowdown
