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International Business Times UK
International Business Times UK
Business
Welbert Bauyaban

The Cliff Edge: Bitcoin Fragile At $77,400 Despite Massive Nasdaq Upgrade

Bitcoin hovers at $77,400 despite Nasdaq’s options push, with charts pointing to a fragile near-term outlook. (Credit: Satheesh Sankaran, CC BY 2.0 , via Wikimedia Commons)

Bitcoin price prediction models put the cryptocurrency at around $77,400 on Monday, 25 May, with only a modest 0.9 per cent gain over 24 hours, even as Nasdaq moves closer to listing new Bitcoin-linked options.

The juxtaposition has caught analysts' attention, with some describing the market as technically fragile despite a surge in institutional infrastructure.

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