Posted 2/16/2024, 4:38:30 PM
Bitcoin Stays Above $50K as New ETFs and Halving Feed Talk of Another Crypto Boom
- Bitcoin (BTC-USD) has stayed above $50,000 per coin recently, sparking talk of another crypto boom
- The upcoming Bitcoin "halving" will make new Bitcoins harder to mine, limiting supply
- New Bitcoin ETFs are attracting more investors and driving up demand
- Some Bitcoin stocks like Riot Platforms and Marathon Digital are up, but others like Microstrategy and HIVE Blockchain are down
- Forecasts suggest Bitcoin could reach $120,000 or more, while Wall Street analysts see the most upside potential in HIVE stock (40%+) and downside risk for MARA stock (20%+)