Bitcoin Correction May Continue if ETF Inflows Disappoint in Next Few Days: 10x Research
Summary
Bitcoin exchange-traded funds (ETFs) in the U.S. saw record inflows of $2.6 billion in the week ending March 15, with most of the net inflows occurring from Monday to Wednesday, pushing Bitcoin to near $74,000. However, inflows slowed on Thursday and Friday, and Bitcoin's price dropped to below $65,000 over the weekend. Crypto analytics firm 10X Research suggests that if ETF inflows continue to disappoint, Bitcoin's price could fall further, potentially to around $59,035. Despite this, 10X believes the crypto bull market will continue and that Bitcoin could climb significantly higher in the coming months. Standard Chartered bank has increased its year-end Bitcoin price target to $150,000 and predicts a high of $250,000 for 2025.
