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21Shares says bitcoin four-year cycle not over, sees return to $100,000 by year-end

Crypto asset manager 21Shares withdrew its earlier view that bitcoin’s traditional four-year price cycle had ended and set a new base case of a return to about $100,000 by year-end. It said the post-peak drop resembles past post-halving corrections. It also said the current decline is milder than past bear markets, while crypto ETP assets have fallen and stablecoin growth expectations were cut, but prediction markets are growing faster than expected.