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Here are the top three news stories from the previous day brought to you by U.Today.
BTC to $200,000? Peter Brandt drops epic Bitcoin price prediction
Following Bitcoin's recent remarkable surge, veteran trader Peter Brandt took to X platform to offer his view on the future trajectory of Bitcoin's value. Per Brandt's analysis, there is a possibility that by the end of the current bull market cycle, which is expected around August or September 2025, the BTC price could hit the $200,000 level. However, the trader warns that a closure below the $50,521 threshold could nullify this optimistic projection, highlighting the significance of sustained momentum to achieve such ambitious goals. The veracity of such an ambitious prediction is vividly discussed in the crypto community, and it remains to be seen whether it will turn into reality. At the moment of writing, Bitcoin is changing hands at $60,900, up 7.03% over the past 24 hours, the level last seen in November 2021.
Shiba Inu erases zero as SHIB price jumps
Yesterday, dog-themed meme token SHIB once again broke above the $0.00001 level, to the great delight of Shiba Inu holders. Currently, SHIB is trading at $0.00001108, up 5.41% over the past 24 hours, according to CoinMarketCap. The increase occurred when SHIB overcame a crucial resistance level above $0.000009, which served as many SHIB holders' breakeven threshold. As a reminder, Shiba Inu aimed at this long-awaited level twice in mid-February, but bullish attempts halted at highs of $0.00001005 without rising much higher. The surge in the Shiba Inu price lines up with an overall market upswing, with Bitcoin first retaking the $57,000 milestone and then skyrocketing to highs of $60,000.
Dogecoin (DOGE) scores new listing on major Japanese crypto exchange
Dogecoin is continuing its adoption strides around the world and has recently scored a major new listing. According to a recent announcement on X platform, Bitflyer, one of the largest crypto exchanges in Japan, has added support for the DOGE token. The translation of its post in Japanese reads: "DOGE Available soon.bitFlyer plans to start handling Dogecoin (DOGE) at its sales offices from Thursday, February 29, 2024." The decision comes as the exchange keeps expanding the number of new cryptocurrency assets it handles, thereby improving customers' investment choices. The listing news had a positive impact on the Dogecoin price, which also grew along with the crypto market. At the moment, DOGE is trading at $0.099, per CoinMarketCap.
Mushumir Butt
Gamza Khanzadaev
Tomiwabold Olajide
