Odaily News BTIG analyst Jonathan Krinsky stated in a client report on Wednesday that after experiencing a peak-to-trough decline of -36% earlier this month, Bitcoin is now expected to continue its reflexive rebound, returning to at least $100,000. According to Coin Metrics data, Bitcoin's latest trading price is $92,451.30, having risen nearly 10% in the past five days, but still down 20% over the past month. The analyst pointed out that despite the recent pullback, digital money mining companies Cipher Mining and Terawulf have excelled during the cryptocurrency pullback. Since Monday, Cipher Mining has risen 35%, and Terawulf has increased by 31%. The Barclays Crypto Mining Index has maintained its support level and is expected to have another 15% upside before encountering stronger resistance. Additionally, the second-largest crypto asset, ETH, seems poised to reclaim the $3,400 level after a 24% decline over the past month, with its latest trading price at $3,075.62, having risen nearly 13% in the past five days. Solana and XRP have risen 12% and 15%, respectively, during the same period. (CNBC)
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