Bitcoin shakes off early decline, returns to $70,000 as Bernstein reiterates $150,000 outlook
"What we are experiencing is the weakest bitcoin bear case in its history," wrote Bernstein's Gautam Chhugan What to know:
In early afternoon U.S. trade, bitcoin has climbed more than 3% off of the day's low to $70,800.
Wall Street firm Bernstein reiterated its $150,000 year-end price target on BTC.
Crypto-related stocks were higher across the board, led by a 14% gain for Bullish (BLSH) and an 8% advance for Galaxy Digital (GLXY)
BTCUSDT
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68,200.5
+0.59%