$BTC Faces Major Target Despite Mixed Mid-Year Performance


#Bitwise is maintaining its aggressive $200,000 price target for $BTC by year-end despite lukewarm performance across major cryptocurrencies.


The asset manager points to sustained institutional demand and #ETF momentum as key drivers for the ambitious forecast.


$BTC reached an all-time high of $112,000 in May, fueled by strong ETF inflows and strategic reserve creation.


However, $ETH and $SOL have struggled year-to-date, with both tokens posting negative returns despite broader market optimism.


Bitwise reports $BTC ETF inflows at $13.8 billion so far, tracking toward surpassing 2024's record total of $35 billion.


The firm remains less confident about $ETH and $SOL reaching new highs this year but expects #stablecoin adoption and treasury company growth to provide support.


Macro risks continue to restrain the bull market from reaching full acceleration, according to the analysis.

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July 01, 2025 at 6:33 PM
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