This news content discusses the recent rejection of Bitcoin at the $100,000 mark and its current price of $95,600. Altcoin Buzz predicts a possible further decline to the range of $87,000-$90,000 before a recovery in 2025. They suggest that the selling pressure caused by Mt. Gox repayments could be offset by FTX's cash repayments, injecting liquidity into the market and supporting Bitcoin and altcoin purchases. Altcoin Buzz also mentions that MicroStrategy's ongoing Bitcoin acquisitions could fuel a stronger rally. They highlight Ethereum as an altcoin expected to perform well, citing the recently approved BlackRock ETH ETF as a major catalyst that could trigger an altcoin season. However, it should be noted that this information is for informational and educational purposes only and should not be considered financial advice.



Other News from Today