-
Price analysis 1/26: BTC, ETH, BNB, SOL, XRP, ADA, AVAX, DOGE, DOT, LINK
Bitcoin slipped below the $40,000 support on Jan. 22, but the bears could not sustain the lower levels. The price has risen above $40,000 again, but some analysts expect the bleeding to continue. Chris Burniske, partner at crypto venture capital firm Placeholder, said in a post on X (formerly Twitter) that he would not be surprised to see Bitcoin drop to mid-to-high 20,000 levels before a bottom is made. One of the major reasons for Bitcoin’s recent fall has been the massive liquidations in the Grayscale Bitcoin Trust (GBTC). However, JPMorgan analysts said in a Jan. 25 market report that the bulk of the profit ... (full story)