Saylor questions $60K Bitcoin pullback, BTC ETF possibilities in upcoming Hodler’s Digest, Nov. 10 – 16

Bitcoin enthusiasts have some exciting news to digest this week. MicroStrategy’s Michael Saylor believes that Bitcoin is not going to retrace to $60,000 anytime soon. He confidently stated that he sees the price going up from here, currently at around $87,790.

In other news, a prosecutor in New York has hinted at scaling back on crypto-related cases. The United States Attorney’s Office for the Southern District of New York may be devoting fewer resources to these types of crimes moving forward.

On a more optimistic note, investment manager VanEck predicts that Bitcoin will continue hitting repeated all-time highs over the next two quarters, with a price target of $180,000 for next year.

Recently, a class-action lawsuit against Elon Musk and Tesla regarding Dogecoin price manipulation was withdrawn by the plaintiffs. This legal battle seems to have come to a close for now.

Exciting developments are also happening in the realm of Bitcoin ETF options, with the United States Commodity Futures Trading Commission (CFTC) clearing the way for spot Bitcoin ETF options. Analysts speculate that these products could be listed very soon.

As we wrap up the week, Bitcoin is trading at $91,274, Ether at $3,097, and XRP at $0.90. The cryptocurrency market cap stands at $3.02 trillion. Notable winners of the week include Peanut the Squirrel (PNUT) with a staggering 1,826.99% gain, while Monero (XMR) experienced a 14.37% loss.

Overall, it’s been an eventful week in the world of cryptocurrency. Stay tuned for more exciting updates and market insights in the coming days.