- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Vaneck Market Outlook: Maintains Bitcoin End-of-Year Target Price of $180,000
BlockBeats News, August 19th, Vaneck released a post summarizing the key market points from mid-July to mid-August as follows:
1. Bitcoin (BTC) hit a historical high rebound to $124,000, with the CME benchmark reaching a yearly high; maintaining a year-end Bitcoin target of $180,000.
2. Bitcoin miner differentiation: APLD increased; although U.S. miners account for 31.5% of global hashrate, most miners have underperformed.
3. Digital Assets Treasury Company (DATS) mNAV decreased: Low volatility suppressed financing and growth.
In addition, Vaneck stated that as autumn approaches, a large amount of open options positions has increased, and even slight volatility may trigger significant price fluctuations through trader hedging. For DAT, prolonged low volatility may limit financing capacity, further compressing mNAV. Macro economic developments and re-engagement of seasonal investors may sustain Bitcoin's momentum, also potentially triggering profit-taking. Nevertheless, we still adhere to the year-end $180,000 BTC price target.
You may also like
Gainers
Latest Crypto News
MON dips below $0.04 in a short time, with a 24-hour decline of over 15%
Security Firm: Malicious Chrome Extension 「Crypto Copilot」 Secretly Steals Funds from User's Solana Transactions
CZ: BNB Price Short-term Unrelated to Value, But Long-term Related
BSC Prediction Market Top Project Sora Announces Official Launch of Oracle Beta Testing
Infinex will launch a public sale on Sonar, aiming to raise $15 million.
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：[email protected]
VIP Services：[email protected]
App