Analysis News TheBitTimes.com

The global economy has struggled to make any significant movements upward in recent weeks. Whether the cryptocurrency or stock market, the US has succumbed to increased geopolitical tension and economic frailty. However, that hasn’t stopped Bitcoin from potentially targeting $90,000 in Q2, with one factor looking to push the leading crypto upward. The asset has underwhelmed in a big way throughout the first three months of the year. Indeed, it has been unable to recreate the six-figure increase that took place in late 2024, with the token continuously failing to break through the $85,000 mark in any notable way. That could be set to change in Q2 if these experts are correct. Source: Watcher Guru Also Read: Binance Says Multiple Governments are Eyeing Their Own Crypto Reserves Bitcoin Eyeing Major Turnaround? Here’s Why Experts Expect It to Jump There is no denying that the global market has seen an increased focus put on the digital asset sector. The industry has become a ke...

Before the COVID-19 pandemic, the correlation between Bitcoin, Ether, and financial markets was generally low. However, after the pandemic, crypto assets have performed in a manner that reflects the performance of the traditional finance system. The International Monetary Fund (IMF) has noted this correlation, saying that Asian countries were adopting digital assets, showing the growing need for regulation. Growing crypto adoption in Asia According to the IMF, digitizing the payment system could foster the environmental-friendliness of the sector and support financial inclusion. However, there was the potential risk of financial instability following the integration of crypto assets within Asia’s financial system . Investors in Asia have been accumulating crypto in a trend that reflects the broader cryptocurrency market. According to the IMF, the correlation between the performance of the equity markets in Asia and cryptocurrency assets has grown significantly since the...