Bitcoin News

Fundstradt’s Tom Lee recently offered fresh insights into Bitcoin’s future performance.

A prominent cryptocurrency analyst has expressed doubts about the potential for a widespread altcoin rally in the current market climate.

Italy’s biggest banking group, Intesa Sanpaolo, has made its first direct foray into cryptocurrency, purchasing 11 Bitcoin (BTC) for approximately €1 million, as reported by Italian media outlet Criptovaluta.

After soaring to a historic peak of $108,000, Bitcoin (BTC) has entered a phase of steady consolidation, holding within a range of $90,000 to $100,000 for several weeks.

JPMorgan Chase CEO Jamie Dimon continues to criticize Bitcoin, reiterating his view that the cryptocurrency lacks any inherent value.

Fundstrat’s Tom Lee remains confident that Bitcoin will hit $250,000 by the end of 2025, even after the cryptocurrency recently dipped below $90,000 for the first time this year.

Semler Scientific, a healthcare technology firm, has expanded its Bitcoin reserves with the purchase of 237 BTC for $23 million, at an average price of just over $98,000 per coin.