Bitcoin Hits $84,000 Before Falling as Analysts Warn of Potential Drop

Benzinga

Bitcoin hit an intraday high of $84,000 Wednesday before reversing gains. Analysts warned of a potential drop to $73,000, citing similarities to the 2021 crypto market peak.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Bitcoin hit an intraday high of $84,000 Wednesday before reversing gains,

00:06according to Investor's Business Daily. Analysts warn of a potential drop to $73,000,

00:11citing similarities to the 2021 crypto market peak. Bitcoin-related stocks and ETFs also lost

00:16ground, while short Bitcoin ETFs extended gains. Strategy co-founder Michael Saylor remains bullish,

00:21proposing a U.S. strategic Bitcoin reserve that could generate trillions. Coinbase stocks saw

00:26early gains before trimming them, while strategy stock continued its upward trend

00:30from the previous day. For all things money, visit Benzinga.com slash GSTV.

Category

Transcript

Be the first to comment

Recommended