Bitcoin Steady Over $52K;Traders Target $55K in Short-Term
Bitcoin prices remained stable over the weekend, around $52,000, in line with a recent trend of low volatility following the issuance of spot bitcoin exchange-traded funds (ETFs) in the U.S. in January. Other major tokens, such as ether and Polygon’s MATIC, saw gains of over 5% since Friday, likely due to expectations of an ether ETF product for U.S. investors. AI-related tokens, including Worldcoin’s WLD, Fetch AI’s FET, Bittensor’s TAO, and Sleepless AI’s AI, increased by up to 10% after OpenAI revealed its text-to-video generator Sora. Market observers predict a short-term level of $55,000 for bitcoin, with a long-term prediction of $70,000. Ether is expected to see significant interest due to its potentially larger upside and investment opportunities.
