{"id":1648,"date":"2024-10-25T12:02:38","date_gmt":"2024-10-25T12:02:38","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1648"},"modified":"2024-10-25T12:02:38","modified_gmt":"2024-10-25T12:02:38","slug":"bitcoin-price-stalls-below-68000-but-the-bull-market-is-going-to-last-longer-says-industry-expert","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1648","title":{"rendered":"Bitcoin Price Stalls Below $68,000, But: &#8216;The Bull Market Is Going To Last Longer,&#8217; Says Industry Expert"},"content":{"rendered":"<div>\n<p><strong>Bitcoin<\/strong>\u2018s (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41536518\/bitcoin-gains-ethereum-dogecoin-muted-amid-tesla-powered-stocks-rally-analyst-highlights-m\">price remains subdued<\/a>, trading at $67,900, a modest 1.2% gain on Friday morning.<\/p>\n<p><strong>What Happened: <\/strong>This comes despite reaching near $69,000 earlier in the week, <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\">according<\/a> to CoinGecko data.<\/p>\n<p>The leading cryptocurrency currently sits 8% below its all-time high of $73,737.<\/p>\n<p><strong>Ethereum <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>) also saw a modest 0.5% uptick, reaching $2,540.<\/p>\n<p>Yet, analysts suggest the market could face new pressures as volatility and U.S. election concerns weigh on investor sentiment. <\/p>\n<p>Speaking with Benzinga, Injective CEO <strong>Eric Chen<\/strong> noted that Bitcoin&#8217;s typical four-year cycle may be stretching into a longer phase, potentially leading to <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41525790\/bitcoin-to-hit-73k-on-election-day-and-80k-if-trump-wins-says-standard-chartered\">steadier but slower gains<\/a>.<\/p>\n<p>Injective CEO <strong>Eric Chen<\/strong> points to a shift from Bitcoin&#8217;s traditional four-year cycle, suggesting the cycle may now be extending, resulting in potentially steadier, longer growth instead of dramatic price swings. <\/p>\n<p>\u201cThe bull market is going to last longer or taper in a more steady cycle,\u201d Chen noted, as Bitcoin&#8217;s recent approach to $70,000 was &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41541900\/bitcoin-price-stalls-below-68-000-but-the-bull-market-is-going-to-last-longer-says-industr\" alt=\"Bitcoin\" price stalls below but: bull market is going to last longer says industry expert>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2018s (CRYPTO: BTC) price remains subdued, trading at $67,900, a modest 1.2% gain on Friday morning. What Happened: This comes despite reaching near $69,000 earlier in the week, according to CoinGecko data. The leading cryptocurrency currently sits 8% below its all-time high of $73,737. Ethereum (CRYPTO: ETH) also saw a modest 0.5% uptick, reaching $2,540. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1648","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1648"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1648\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}