The crypto market remains pinned just below its early-February ceiling, with bitcoin hovering at $71,200 and ether (ETH) trading at $2,185. The sideways crawl comes despite a risk-on boost from the recent US-Iran ceasefire, leaving analysts sharply divided on the next leg.
Bloomberg’s Mike McGlone said this week that BTC needs to reclaim $75,000 or risk a meltdown to $10,000. Fundstrat Tom Lee has taken a contrasting view, claiming that the “bottom is in” on Wednesday, although it’s worth noting that his fund holds $10.4 billion worth of ETH.
BTC is up by around 0.3% since midnight UTC while ETH is flat having outperformed the broader market on Wednesday, and while BTC has posted a modest gain, all eyes remain on whether…
