Bitcoin touches $58k again as analysts share bearish forecasts

Bitcoin fell to lows of $57,700 on Coinbase as prices dipped during the US trading session. Analysts predict further weakness is likely, and here’s what they are saying At the time of writing, Bitcoin (BTC) traded around $58,486 across major crypto exchanges. However, the digital asset’s price had touched lows of $57,700 on US-based crypto […]

Bitcoin is rallying due to interest rate forecasts, says Coinjournal’s Dan Ashmore

Key takeaways Bitcoin is trading above the $28k level for the first time since June 2022. Coinjournal’s Dan Ashmore believes that the interest rate forecasts are responsible for the ongoing rally by Bitcoin and other cryptocurrencies. Many in the market still consider the recent banking crisis as the reason why investors are entering the crypto […]