Posted 3/23/2024, 11:01:02 AM
Bitcoin and Crypto Markets Retreat from Recent Highs But Analysts Still Bullish Long Term
- Bitcoin hit a new all-time high over $69K recently but has since struggled to break back above that level
- Grayscale selling coins and upcoming Bitcoin halving contributing to price drop below $65K currently
- Ethereum price also down 10% week-over-week, hurt by news of a confidential state inquiry
- Popular meme coins like Doge, Shiba Inu saw big drops this week, with losses up to 28%
- Some analysts still confident long term, with forecasts of $90K Bitcoin by year-end and $14K Ethereum by 2025
