Crypto Trader Sees Bitcoin Hitting $160K by Year-End; ETH, SOL, ADA to Gain on Middle East Truce
Crypto majors recover alongside equities as ceasefire steadies risk sentiment, with analysts citing ETF flows and Fed pivot hopes as upside drivers
What to know:
Bitcoin rebounded above $106,000 as global markets steadied, following a dip below $99,000 earlier in the week.
Ether traded at $2,400, with analysts predicting potential gains to $2,600–$2,800 in the near term.
The recovery in Bitcoin has reignited debate over its status as a safe-haven asset amid macroeconomic shifts and ETF inflows.
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Bitcoin
$106,656.29
is back above $106,000 after dipping below five figures earlier this week, as global markets steadied on signs that a ceasefire between Israel and Iran is holding.
Meanwhile, Ether
ETH
$2,441.95
traded at $2,400, up 0.5% on the day, approaching resistance near $2,450. Dogecoin
DOGE
$0.16619
hovered at 16 cents after a minor 0.6% rise, while Solana’s SOL
SOL
$146.76
dipped to $145, down 0.2%. Cardano’s ADA
ADA
$0.58360
slid nearly 1.3% to 58 cents after briefly testing the 60 cents level earlier in the week.
Ryan Lee, chief analyst at Bitget Research, said BTC’s inability to stabilize immediately after its initial drop below $99,000 signaled lingering caution, even as ETF inflows — now totaling $46 billion — continue to provide structural support.
“Its potential as a safe-haven shines through, but tempered risk appetite delays recovery#MarketRebound #BinanceTGEXNY #BinanceAlphaAlert