Virtual asset prices are showing a slight decline. Bitcoin continues to move sideways around the $87,000 level.
On the 29th (local time), on CoinMarketCap, a cryptocurrency price tracker, Bitcoin was down 0.45% from 24 hours earlier at $87,273. Ethereum, the No. 2 by market capitalization, was down 0.19% at $2,936.
Ripple was down 0.66% at $1.85, and Solana was down 0.19% at $123.
As Bitcoin has been moving in a box range in the mid- to upper-$85,000s this month, market outlooks are divided.
Global investment bank JPMorgan said in a recent report, "Over the next 6 to 12 months, Bitcoin prices could rise 84% to reach $170,000." By contrast, Mike McGlone, chief strategist at Bloomberg Intelligence, said, "Bitcoin is following a path similar to the stock price trend during the Great Depression in 1929, when the Dow Jones surged about tenfold in nine years," adding, "Bitcoin could fall as low as $10,000