Grayscale Forecasts Bitcoin To Retest All-Time Highs By 2024 End If US Avoids Recession
Summary
Bitcoin and Ethereum faced a downturn due to concerns about the US economy and increased market volatility. Grayscale remains optimistic about a potential rebound in token valuations if the US economy stabilizes. Factors contributing to Ethereum's underperformance include selling pressure from prominent holders and shifts in staking reward rate. Grayscale anticipates that if the US economy avoids a recession, token valuations could recover, with Bitcoin potentially retesting its previous all-time high. Market analyst CryptoCon predicts a potential increase in Bitcoin's value, with a milestone of over $100,000. BTC is currently struggling to hold consolidation above the key $60,000 level, trading at $59,970.
