K33 report: Bitcoin price recovery will be “significantly faster” than previous cycles

Bitget App

Trade smarter

Cointime2023/12/06 17:12

By:Cointime

According to the latest K33 research report, the speed at which Bitcoin prices recover to historical highs will "significantly accelerate" during this cycle. K33 senior analyst Vetle Lunde and Vice President Anders Helseth stated that the decline has lasted for 755 days so far, and currently, it is about 36% lower than the historical high of Bitcoin set in November 2021 (about $69,000). In comparison, it took 1,178 days to recover to the previous high point after 2013, and 1,092 days after 2017.

The analysts added: "The US spot ETF will receive a final ruling within 36 days, and the market has shown a huge demand accumulating before its expected launch," they believe that the current rise is caused by a true and convincing narrative."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: The US trade deficit in goods fell 46% in April to $87.6 billion due to a sharp drop in imports. Imports dropped $68.4 billion while exports rose $6.3 billion, following a March surge from tariff front-loading. Trump delayed most tariffs to July and Chinese ones to August, but legal battles and court reversals have kept businesses uncertain.

Cryptopolitan•2025/05/30 23:08

Stripe considers global stablecoin payments in partnership with banks

Share link:In this post: Stripe Co-founder and CEO John Collison said the global payments firm held early discussions with banks about stablecoin integration. The company recently introduced stablecoin accounts for its users, while its recent acquisition, Bridge, rolled out a USDB token. Artemis data revealed that $94.2 billion in stablecoin transactions were settled between Jan. 2023 and Feb. 2025, with B2B payments annualizing at $36 billion.

Cryptopolitan•2025/05/30 23:08