Bitcoin holds at $87,000, but price won’t ‘explode’ to record heights anytime soon, analysts say

Bitcoin is holding firm near $87,000 after a five-day rally restored some confidence following a bruising 30% slide from October’s highs. But analysts are cautioning that the next major breakout may not come until 2026, even as macroeconomic conditions improve and Wall Street’s appetite for riskier assets is growing. “Bitcoin has been struggling to reclaim the $90,000 level for far longer than most market participants expected,” Koinly CEO Robin Singh told DL News. He said the market is drifting into it ...