Nvidia recently saw a valuation drop of nearly 600 billion USD, which analysts believe may create a bullish sentiment for Bitcoin (BTC). Additionally, upcoming crypto IPOs are projected to substantially boost market valuations, providing further support for Bitcoin’s price increase.
Analysts predict that Bitcoin price could rise to between 100 billion USD and 150 billion USD, influenced by the combined effects of the IPOs and potential shifts in the US Federal Reserve’s monetary policy. However, a temporary correction to about 70,000 USD may occur before the next major upward movement.