Chainalysis will add Bitcoin to its balance sheet as price surges
"This is Chainalysis’ first acquisition of cryptocurrency, and we will continue to pursue other digital assets as potential future investments," said CEO Michael Gronager.
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"This is Chainalysis’ first acquisition of cryptocurrency, and we will continue to pursue other digital assets as potential future investments," said CEO Michael Gronager.
An $80,000 price target for Bitcoin implies 28% more upside from current levels — a move that would be highly favorable for altcoins as well.
ADA price has been struggling against the U.S. dollar in October.
The combined value of all cryptocurrencies hit $2.5 trillion as the price of Bitcoin and Ether rise steadily.
The U.S. dollar index reached its lowest levels in three weeks on Tuesday, triggering the Rising Wedge pattern.
The upcoming launch of a BTC ETF has bulls proclaiming that a $100,000 Bitcoin price is imminent, but several analysts warn that a sharp short-term pullback could also occur.
Bitcoin price increases will also be less dramatic moving forward, the report suggests.
According to crypto analyst and trader Alessio Rastani, Bitcoin will finalize its upward trajectory toward $100,000 in the next few months.
Altcoin projects focused on privacy caught a bid today as the bullish sentiment building over a possible Bitcoin ETF approval spreads across the market.
Bitcoin price spikes above $61,800 as the promise of a BTC ETF approval reignites the discussion on whether the top-ranked cryptocurrency will hit $100,000 by the end of the year.