Bitcoin News

Bitcoin’s recent attempt to surpass $60,000 was met with strong resistance, resulting in a 2.6% drop to $58,450.

In a notable development, Wintermute, a major player in the crypto market, has sold off nearly its entire stash of Wrapped Bitcoin (WBTC) on Binance, as revealed by on-chain data.

Bitcoin (BTC) is once again hovering around the significant $60,000 mark, stirring mixed sentiment among market participants.

Last Friday, gold hit a record high, exceeding $2,500 per ounce, while Bitcoin struggled to keep pace. This has led to a debate within the financial community about the fundamental differences between the two assets.

Adam Back, CEO of Blockstream, believes Bitcoin is still in the early phases of a bull market and could potentially rise by over 700% this cycle.

VanEck forecasts that Bitcoin miners could generate up to $38 billion in extra revenue by reallocating 20% of their operations towards artificial intelligence (AI) and high-performance computing (HPC).

Real Vision analyst Jamie Coutts forecasts that Bitcoin could see a 200% increase in its current cycle, potentially reaching a six-figure price.