Here are some of the latest Bitcoin news:
- *Bitcoin Price Update*: Bitcoin's price remains under pressure, struggling to break free from the $95,000 support zone. Analysts are divided on the next move, with some predicting a breakout and others a decline ¹.
- *Standard Chartered's Bullish Forecast*: Standard Chartered's global head of digital assets research, Geoffrey Kendrick, has reaffirmed his prediction that Bitcoin will reach $500,000 by 2028 ¹.
- *Bitcoin's Halving Cycle*: Analysts believe that Bitcoin's halving cycle signals untapped potential, with some predicting a major bull run in the near future ¹.
- *Bitcoin ETFs*: The National Bank of Canada has invested $2 million in Bitcoin ETFs, a sign of growing institutional interest in the cryptocurrency ¹.
- *Bitcoin's Correlation with S&P 500*: Bitcoin's correlation with the S&P 500 has declined to zero, suggesting that the cryptocurrency is becoming increasingly independent of traditional markets ¹.