Bitcoin is approaching the $90,000 mark, fueled by significant whale activity and optimistic market forecasts. A notable $221 million purchase by a whale has been reported, contributing to the cryptocurrency's upward momentum. Financial institutions like Citi have projected Bitcoin could reach $180,000 within a year, aligning with Bernstein's increased price targets. The market's sentiment is improving, as indicated by the fear and greed index, with a 1.98% market rebound in the past 24 hours. Ethereum and XRP are also experiencing gains, supported by whale movements and ETF inflows. Additionally, the U.S. regulatory landscape may see advancements with the potential passage of the Digital Asset Market Clarity Act in early 2026, which could provide further market clarity.
Bitcoin Nears $90K as Whale Activity and Bullish Forecasts Drive Surge
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
