- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Vaneck Market Outlook: Maintains Bitcoin End-of-Year Target Price of $180,000
BlockBeats News, August 19th, Vaneck released a post summarizing the key market points from mid-July to mid-August as follows:
1. Bitcoin (BTC) hit a historical high rebound to $124,000, with the CME benchmark reaching a yearly high; maintaining a year-end Bitcoin target of $180,000.
2. Bitcoin miner differentiation: APLD increased; although U.S. miners account for 31.5% of global hashrate, most miners have underperformed.
3. Digital Assets Treasury Company (DATS) mNAV decreased: Low volatility suppressed financing and growth.
In addition, Vaneck stated that as autumn approaches, a large amount of open options positions has increased, and even slight volatility may trigger significant price fluctuations through trader hedging. For DAT, prolonged low volatility may limit financing capacity, further compressing mNAV. Macro economic developments and re-engagement of seasonal investors may sustain Bitcoin's momentum, also potentially triggering profit-taking. Nevertheless, we still adhere to the year-end $180,000 BTC price target.
You may also like
Gainers
Latest Crypto News
ORCA Surges Above $1.9 and Retreats, Up Over 41% in 24 Hours
A whale received 3.4 million ENA from Wintermute and has accumulated a total of 10.59 million ENA over the past 10 months.
A Whale Goes Long on BTC with 18x Leverage, Currently Sitting on $4.39M in Unrealized Gains
Ethereum Increases Block Gas Limit from 45 million to 60 million
The probability of a 25 basis point interest rate cut by the Federal Reserve in December has risen to 85.1%
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：bd@weex.com
VIP Services：support@weex.com
App