Bitcoin Could Hit $90K by Year End if Trump Becomes President Again: Bernstein
Submitted by Anonymous (not verified) on Mon, 09/09/2024 - 12:20If Kamala Harris wins, bitcoin could drop to as low as $30K, the report said.
If Kamala Harris wins, bitcoin could drop to as low as $30K, the report said.
Digital assets are expected to stay highly correlated with equities amidst the upcoming macro calendar, the report said.
Total crypto market cap was $2.02 trillion at the end of August, a 24% decline from this year's peak of $2.67 trillion in March, the report said.
The company received takeover interest from a potential investor while conducting a Series B funding round.
The EU-compliant security token gives investors exposure to the hashrate over a four year period.
Miners earned an average of $43,600 per exahash a second in daily block rewards last month, the lowest rate on record, the report said.
In the last 12 months, the digital assets industry has transitioned from a post-FTX recovery period back to a growth phase, the report said.
Spot ether exchange-traded funds have seen net outflows of $0.5B since their launch, the report said.
The effect of miner concentration is yet to be seen, the note said.
Telegram and Pavel Durov were probably resisting takedown or information requests from Europe or France, the report said.
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