First Mover: Bitcoin Struggles Near $67,000 as Cryptos Lag Behind Stocks
Summary
Bitcoin's value hovered around $67,000 as the cryptocurrency market consolidated. U.S.-listed spot bitcoin exchange-traded funds experienced $226 million of net outflows on Thursday, indicating a decrease in investor confidence. Bernstein, a brokerage company, predicted that Bitcoin will reach $1 million within 10 years and could hit a cycle-high of $200,000 by 2025. The firm also set a price target of $2,890 per share for MicroStrategy, the largest corporate owner of Bitcoin. Connie Shoemaker, a former Goldman Sachs executive, joined the board of directors of crypto custody firm Anchorage Digital, the only crypto bank chartered by the Office of the Comptroller of the Currency in the U.S.
