Bitcoin Market Top Is 'Nowhere Near,' Say Analysts as Price Pauses at $120K
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最新报道：Bitcoin retreated below $120,000 during U.S. trading hours after nearing $123,000 earlier, maintaining a modest 0.6% 24-hour gain while altcoins like ETH, DOGE, and ADA declined 2%-3%. Analysts caution against premature top calls, with Arca's CIO Jeff Dorman noting the rally appears in early stages, citing lower derivatives activity compared to past peaks. Bitpanda CEO Eric Demuth attributes BTC's rise to sovereign debt concerns and inflation hedging, suggesting €200,000 is plausible as institutional adoption grows. Exchange volumes rose 23% weekly but remain below historic rally levels, with Dermuth predicting Bitcoin's market cap will gradually approach gold's $22 trillion valuation.
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