crypto at a glance Bitcoin modestly Ahead of last week
Bitcoin modestly Ahead Bitcoin and its peers were modestly higher from a week ago, Friday morning, though the large part of this week was characterized by sluggishness that extended from the previous few days. Sentiment was likely hurt by some gloomy predictions for the top cryptocurrency.
Prominent short-seller Jim Chanos made some scathing remarks on Bitcoin, saying it would be the last thing he would hold when crisis strikes. Investor and analyst Jani Ziedins said in a blog post on Thursday that Bitcon is in "a long-term downtrend and lower lows are still ahead of us."
Bitcoin modestly Ahead
Trefis, a research firm, cut its year-end Bitcoin price target to $12,500 from $15,000, citing weaker transaction volume outlook.
Overall cryptocurrency market capitalization was $339.72 billion on Friday, around 10 am ET on CoinMarketCap, slightly higher from a week ago.
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