Bitcoin Surges Past $35K Before Dropping Back; Analysts See Potential for Rally to $75K as Investors Flee to 'Digital Gold' Amid Market Uncertainty
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Bitcoin price pushed past $35,000 towards end of U.S. trading day before dropping back down, now trading above $34,000.
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Bernstein attributes rally to BlackRock listing bitcoin ETF on DTCC database, sees bitcoin in "anti-gravity" phase potentially hitting $75,000 soon.
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Woo Network notes altcoins trading more aligned with tech stocks, expects them to underperform bitcoin and ether.
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Bybit sees potential selling pressure on horizon for GBTC as discount gap narrows for those who bought at lower prices.
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Maple Finance Head sees bitcoin emerging as modern gold, flight to quality asset amid global uncertainty just as gold served this purpose 20 years ago.