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The Goldman Sachs CEO joined CNBC for an interview from the Summer Olympics in Paris, France.“I’ve always said I think it’s a speculative investment,” David Solomon said. “I don’t see a real use case.”
Ethereum is poised for larger price swings than bitcoin, with its volatility premium widening to 8%, analysts said.Analysts favor Ethereum accumulation due to its cost-effective spot price and robust performance amid wider crypto market fluctuations.
Bitcoin mining chips and hardware represent a $20 billion opportunity over the next five years, according to analysts at Bernstein.The analysts see this as favorable for U.S. Bitcoin miners amid Donald Trump’s recent push to “make bitcoin” in America.
Bitcoin long liquidations reached nearly $68 million in the past 24 hours as the price fell below $67,000.In total, crypto exchanges saw $161 million in positions get liquidated, with around $153 million in long positions.