Bitcoin Price Holds $111,000 as TD Cowen Predicts $141,000 by December

Bitcoin Magazine Bitcoin Price Holds $111,000 as TD Cowen Predicts $141,000 by December

Bitcoin price is holding steady around $111,000 after a turbulent few weeks, but TD Cowen analysts project that the bitcoin price could reach $141,000 by December.

In a note released Monday, the firm highlighted the recent crypto market crash and recovery as a testament to the resilience of the broader crypto and bitcoin ecosystem.

The flash crash earlier this month triggered roughly $19 billion in liquidations, the largest single-day event in crypto history. Despite the scale of the sell-off, TD Cowen noted that most exchanges remained operational with minimal disruption, demonstrating the market’s ability to absorb shocks, according to The Block reporting.

The downturn was initially spurred by the