17 hours ago
The co-founder and head of research at Fundstrat Global Advisors says Bitcoin ( BTC ) needs to crash out a bit harder before bouncing back in a big way. In a new interview with CNBC, Tom Lee makes his case for why he thinks BTC will be a top-performing asset this year after it falls a bit further. “Bitcoin is down roughly 15% from its highs, which for a hyper-volatile asset is a normal correction and follows global liquidity trends. We are early in the halving cycle.” According to Lee, Fundstrat’s crypto technicians think the crypto king may drop another $20,000 in value before correcting. “Our technician thinks $70,000 is where we make a stand. I think Bitcoin is one of the best-performing assets. When asked whether it will drop to $70,000 or if that’s the floor, the response was that $70,000 is one level of retracement, where Bitcoin might pull back from a rally.” However, according to Lee, BTC could potentially drop even lower. “It could go as low as the $50,000 [range], but that wouldn’t be a new level; it’s where it touches before beginning to rally again. For those considering buying Bitcoin at these prices, the suggestion is that Bitcoin is a long-term investment. If they’re trying to time the market, they might get lucky and it could reach $70,000.” Bitcoin is worth $91,731 at time of writing, down 10% during the week. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Bitcoin Primed To Be One of the Best-Performing Assets in 2025, Says Fundstrat’s Tom Lee – But There’s a Catch appeared first on The Daily Hodl .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Bybit Card Partners with Entravel to Bring Discounted Luxury Travel to Its Users
DUBAI, UAE, Jan. 14, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce its partnership with Entravel , the leading crypto-native hotel booking platform, to provide users with exclusive access to discounted luxury travel. As part of this collaboration, all Bybit users can enjoy a free membership to Entravel, unlocking extraordinary perks, including heavily discounted hotel rates and seamless booking with digital assets. Bybit Card holders gain even more, with up to an additional 6% discount via cashback on luxury hotel bookings. This initiative is a significant step in Bybit’s mission to integrate crypto usage into everyday life, making it easier than ever for users to trade, invest, and now, travel seamlessly with their digital assets. “Live the Crypto Life. With Bybit Card. Bybit Card continues to broaden the use cases for borderless crypto spending,” said Joan Han, Sales & Marketing Director at Bybit. “We are thrilled to partner with Entravel, simplifying crypto solutions for our users’ travel needs while enriching their experiences with unique benefits. Together, we aim to make Bybit the go-to platform for investing, trading, and enjoying life.” Luxury Travel with a Crypto Twist Entravel’s platform offers more than one million hotels globally, including leading luxury brands, with discounts of up to 60%–70% compared to traditional travel websites. Entravel’s innovative crypto-native, members-only program enables these unmatched savings by sourcing exclusive hotel rates through direct partnerships. Bybit users can effortlessly pay with their Bybit Card , accessing the same ease and convenience as any mainstream travel platform. This partnership empowers users to enjoy their digital assets while creating memorable travel experiences. Don’t Miss Out – Claim Your Free Membership Today The collaboration between Bybit and Entravel is designed to bring unprecedented value to Bybit’s community of over 60 million users worldwide (excluding the EU). Free memberships are now available, but spots are limited. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com. For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube The Daily Hodl
Bitcoin Price Consolidation May Be Nearing an End with Potential for Significant Rebound
Bitcoin’s recent price consolidation may be reaching a critical turning point, with analysts predicting a potential breakout ahead. Recent market behavior suggests heightened activity among traders, particularly in the options The Daily Hodl
