JUST IN: Cathie Wood raises her Bitcoin price target by $2.3m to $3.8 MILLION All it would take is for institutions to allocate "5% of their portfolios to Bitcoin". 🤔 pic.twitter.com/mIcuOQPqG0

JUST IN: 🩸More than $160m in leveraged Bitcoin positions wiped out in the last 24 hours pic.twitter.com/tCg9ZR23QU

NEW: Crypto valuations pulled back in April 2024 but industry trends remained broadly favorable. Highlights included: 🅱️ The #Bitcoin halving 📢 #Ethereum rumbles 🏛️Legislative progress 🪙Stablecoins' market cap rose Read our recap for deeper analysis: www.grayscale.com/research/market-commentary/april-2024-crypto-tailwinds-macro-headwinds pic.twitter.com/zUx5NaAfM2

Grayscale's Michael Zhao delves into influences on the trajectory of the current crypto bull market. Bitcoin's cyclical behavior persists, but this cycle sees shifts. To dive deeper, read the full report: www.grayscale.com/research/reports/anatomy-of-a-bitcoin-bull-market pic.twitter.com/MBnG6w6xbg