Given how closely it has been trading with US stocks, Bitcoin could reach as high as $28,000 by the end of the year, according to an analysis from Deutsche Bank.
Bitcoin, the world’s largest digital token, has slumped in 2022 amid a risk-off mood driven by rate hikes and inflation fears. The analysis by Marion Laboure and Galina Pozdnyakova suggests a more-than 30% rally from the coin’s Wednesday trading level of around $20,000 -- though even that price-point leaves the token trading at less than half its November peak.
