Bitcoin holds near $118,000 after recent rally; Ethereum, Dogecoin surge up to 6%
Bitcoin stabilized near $118,000, following a recent surge, while Ethereum led altcoin gains, exceeding $3,144. Analysts attribute the pause to profit-taking after Bitcoin's 33% rally. Experts like Srinivas L suggest 'buy-the-dip' strategies, anticipating consolidation above $117,000 and a potential rise to $125,000–$127,000. Sathvik Vishwanath highlights strong ETF inflows and expects Bitcoin to target $130,000–$135,000, with optimistic long-term forecasts.
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Explore courses from Top Institutes in Please select course: Select a Course Category Project Management Digital Marketing Others Data Science Leadership MCA Technology Product Management Data Science PGDM Data Analytics Management Operations Management Artificial Intelligence Design Thinking CXO MBA Healthcare healthcare Degree Finance Cybersecurity others Public Policy Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Yet it wasn't the magnitude of the surges that mattered — but the indifference they met. 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If it signaled anything, enthusiasm for memes is more evidence that an ever-more-empowered retail cadre is a fact of Wall Street life that isn't going anywhere, at least not soon. 'I don't think it's the beginning of a new trend, but it is very interesting to watch because it speaks that the retail investor really wants to be involved in this market,' said Jay Woods, chief global strategist at Freedom Capital Markets. 'This is bullish. This is not bearish. This is not significant of a top.'
