Analyst: '6-digit' BTC will be a symbolic rebuttal to skeptics

--

Odaily Planet Daily News: Tony Sycamore, a market analyst at IG Australia, said, "Buyers are suppressing sellers. Although I am not sure if everything will go smoothly as we approach the $100000 mark, demand seems endless." Speculators are increasingly concerned about when Bitcoin will break through the $100000 mark, rather than whether it will break through. Supporters who believe that Bitcoin is a modern store of value see a six digit price as a symbolic rebuttal to skeptics who argue that cryptocurrency has little practicality and condemn its links to money laundering and crime. (Bloomberg)

24/7 Flashes

More >
Today 2026-10-09
08:30

Starknet plans to explore L1 transition and achieve quantum resistance, STRK rises by 47%

08:19

Crypto industry professionals and institutions compare their views on the bull market trend and downside risks of Bitcoin

08:12

Upbit adds KAIA Korean won, Bitcoin, and USDT trading pairs

08:07

Upbit will launch KAIA tokens in the Korean won, BTC, and USDT markets

08:02

Bitcoin fell 7% from its peak