Riding The Wave News Summary 221
Peter Brandt Drops Epic Bitcoin Price Prediction, Shiba Inu Erases Zero, Dogecoin Scores New Listing on Major Japanese Exchange: Crypto News Digest by U.Today, & more.
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Tweets
JPMorgan Says Bitcoin Halving and Ethereum Upgrade 'Are Largely Priced In'
Bitcoin surges to top $60,000, putting it within striking distance of all-time high
Coinbase users see $0 balance after crypto-trading app suffers glitch
Tweets
https://twitter.com/WatcherGuru/status/1762102072038547530
https://twitter.com/BTC_Archive/status/1762118982427869279
https://twitter.com/WatcherGuru/status/1762223257036431516
https://twitter.com/BTC_Archive/status/1762202721342644489
https://twitter.com/WatcherGuru/status/1762292436104065505
https://twitter.com/therationalroot/status/1762250062162252261
https://twitter.com/AltcoinDailyio/status/1762291065133129988
https://twitter.com/MatthewHyland_/status/1762298685172404274
https://twitter.com/EricBalchunas/status/1762224483559977037
https://twitter.com/APompliano/status/1762299290884444671
https://twitter.com/WClementeIII/status/1762508101846966377
https://twitter.com/EricBalchunas/status/1762495703765692910
https://twitter.com/GameofTrades_/status/1762541858851369390
https://twitter.com/MatthewHyland_/status/1762562692118892869
https://twitter.com/WatcherGuru/status/1762605000298029153
https://twitter.com/AutismCapital/status/1762615013158842725
https://twitter.com/WClementeIII/status/1762629706321449025
https://twitter.com/intocryptoverse/status/1762580164179898809
https://twitter.com/EricBalchunas/status/1762812280436109530
https://twitter.com/MatthewHyland_/status/1762721626343330098
https://twitter.com/APompliano/status/1762850981925056933
https://twitter.com/EricBalchunas/status/1762867108923261409
https://twitter.com/WClementeIII/status/1762883845219569666
https://twitter.com/WatcherGuru/status/1762928483867705717
https://twitter.com/APompliano/status/1762888338921459936
https://twitter.com/brian_armstrong/status/1762933446194901140
https://twitter.com/TechDev_52/status/1762641320672182775
https://twitter.com/WatcherGuru/status/1762968856446783992
https://twitter.com/JSeyff/status/1762975285224308891
https://twitter.com/MatthewHyland_/status/1763041692981076347
https://twitter.com/TechDev_52/status/1762968700099924122
https://twitter.com/MatthewHyland_/status/1763046416815906984
https://twitter.com/TechDev_52/status/1762897670404808725
https://twitter.com/JSeyff/status/1762968495346561095
Peter Brandt Drops Epic Bitcoin Price Prediction, Shiba Inu Erases Zero, Dogecoin Scores New Listing on Major Japanese Exchange: Crypto News Digest by U.Today
Following Bitcoin's recent remarkable surge, veteran trader Peter Brandt took to X platform to offer his view on the future trajectory of Bitcoin's value. Per Brandt's analysis, there is a possibility that by the end of the current bull market cycle, which is expected around August or September 2025, the BTC price could hit the $200,000 level. However, the trader warns that a closure below the $50,521 threshold could nullify this optimistic projection, highlighting the significance of sustained momentum to achieve such ambitious goals.
JPMorgan Says Bitcoin Halving and Ethereum Upgrade 'Are Largely Priced In'
Global investment bank JPMorgan Chase has provided its insights into three key catalysts it believes will drive cryptocurrency prices in the coming months. The firm also pointed to a resurgence of retail investor interest in crypto as the driver behind the recent surge in popular cryptocurrencies like bitcoin (BTC) and ether (ETH).
The JPMorgan team, led by global market strategist Nikolaos Panigirtzoglou, explained that on-chain data, adjusted for new spot bitcoin exchange-traded funds (ETFs), shows retail investor activity (small wallets) significantly outpacing institutional flows.
“The revival of the retail impulse in February perhaps reflects the anticipation of three main crypto catalysts over the coming months: the Bitcoin halving event, the next major upgrade of the Ethereum network, and the prospect of approval of spot ethereum ETFs by the SEC in May,” the JPMorgan strategists wrote, adding:
The JPMorgan analysts further pointed to recent reports from Block Inc., Paypal Inc., and Robinhood Markets Inc. showing net positive bitcoin purchases by their customers in Q4 2023, a significant turnaround from Q3’s sales. This surge in retail activity coincides with Coinbase, a major U.S. crypto exchange, reporting record quarterly bitcoin trading volume in two years. Additionally, the analysts observed a rise in investment activity in AI and meme tokens, which are popular choices among retail crypto traders.
Bitcoin surges to top $60,000, putting it within striking distance of all-time high
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