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Bitcoin is making a comeback, but the risk of more ‘sharp pullbacks’ is real

South China Morning Post - Business ·
Bitcoin is making a comeback, but the risk of more ‘sharp pullbacks’ is real

Bitcoin may extend its rebound but is unlikely to break above US$100,000 before the end of the year, as rising interest rates and the Iran conflict continue to weigh on crypto assets, according to analysts.

The crypto asset class is likely to end the year higher than it is today, but below the peak reached last October, according to Alice Liu, head of research at crypto data platform CoinMarketCap.

“The worst of this year’s downturn is behind us, but the recovery will be uneven and led almost...

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