Eugene Cheung, head of Bybit Institutional, said that the fundamentals of Bitcoin and Ethereum remain exceptionally strong, and institutional adoption of cryptocurrencies has increased, highlighting Morgan Stanley's recent decision to have wealth advisors market Bitcoin exchange-traded funds to clients. Eugene Cheung believes that the expected US interest rate cuts, the growing US national debt, and increased political support for cryptocurrencies all point to higher prices in the second half of 2024. Bitcoin has the potential to break out of the current range and reach targets of $86,000 or even $105,000. (DLNews)