In a volatile trading session, Bitcoin experienced significant price fluctuations, prompting a wave of liquidations across the market. As analysts adjust their forecasts, the outlook for the leading cryptocurrency appears to be shifting, and the publication provides the following information: .
Bitcoin Price Fluctuations and Liquidations
On Tuesday, Bitcoin's price fluctuated between $89,000 and $93,000, leading to a staggering $364 million in total liquidations within a 24-hour period. This volatility reflects ongoing uncertainty in the cryptocurrency market as traders react to changing conditions.
Standard Chartered Bank Revises Bitcoin Price Target
Standard Chartered Bank has revised its Bitcoin price target, now projecting that the cryptocurrency will reach $150,000 by the end of 2026. This marks a significant reduction from their previous estimate of $300,000, attributed to a notable decline in corporate funding demand and stagnant flows into exchange-traded funds (ETFs). The bank's updated forecast underscores the challenges facing Bitcoin as it navigates a complex financial landscape.
In a recent development, the 1011 Insider Whale has significantly influenced the Hyperliquid platform, establishing a position that raises concerns about market dynamics. This follows the recent volatility in Bitcoin trading, highlighting contrasting market activities. For more details, see further information.
