Bitcoin's Cautious Rebound, Bearish Signals, & Future Upgrades
Update: 2025-12-08
Description
Bitcoin surged above $91,000 earlier this week, following a positive trend in Asian stock markets and anticipation of central bank decisions, including a potential quarter-point interest rate cut by the Federal Reserve. Crypto markets, including Bitcoin, experienced a two percent increase in 24 hours and over six percent in the past week, extending its rebound from the previous week. However, a cautious market sentiment persists, with CryptoQuants Bull Score dropping to zero, indicating a potential bearish phase. Ki Young Ju, CEO of CryptoQuant, warned of a possible market slowdown without new investments, suggesting Bitcoin could fall into the $55,000 to $70,000 range next year. Looking ahead, potential positive changes include upcoming rule changes allowing retirement funds to invest in Bitcoin and Ethereums recent Fusaka hard fork upgrade.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
