Bitcoin remains at $83K as Bessent house faces pressure, Scott Melker notes

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Bitcoin steady at $83K as Bessent wavers

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Bitcoin remains at $83K as Bessent house faces pressure, Scott Melker notes — Bitcoin steady at $83K as Bessent wavers

Bitcoin is trading at $83,000 as the situation surrounding Bessent's 'house' appears unstable. Scott Melker shared this assessment ahead of a live discussion, referencing potential challenges for Bessent's position.

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Earlier this year, Scott Melker reported that TD Cowen raised its Bitcoin price targets to $109,000 by 2026 and $280,000 by 2029 amid robust market performance. Melker has also noted Ripple XRP’s expansion into Wall Street institutional markets, covering its moves into trading and financing beyond crypto payments. These previous observations frame the current discussion about volatility and institutional exposure.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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