Bitcoin BTC$71,021.58 has likely found its bottom and is primed for further gains, Wall Street broker Bernstein said in a Tuesday note to clients, reiterating its $150,000 year-end price target. “We believe Bitcoin has found its trough and is now heading higher,” wrote analysts led by Gautam Chhugani. The world’s largest cryptocurrency was trading around
Institutional investors aren’t just betting on ‘number go up’ strategy for crypto anymore, they are shifting to hunting for steady sources of income. Many institutions already hold bitcoin BTC$71,021.58 and ether ($ETH) on their balance sheets. While they are holding these assets for the long-term price appreciation, investors are increasingly seeking to put them to
Bitcoin recently found support at a key onchain metric — the average realized price for a specific year — in this case the 2023 cost basis. The 2023 average realized price currently sits around $63,700. During the local bottom in early February, when bitcoin dropped roughly 50% from its October all-time high, to roughly $60,000,
Invesco, a U.S.-based asset manager overseeing $2.2 trillion in assets, will take over management of Superstate’s tokenized U.S. Treasury fund in a move that brings a large traditional asset manager deeper into blockchain-based finance. The USTB fund holds short-term U.S. government securities and represents more than $900 million in assets. It ranks among the largest
OpenAI is offering private equity firms a guaranteed minimum return of 17.5% on new joint ventures. This has drawn comparisons to the Terra Luna collapse from crypto industry leaders and Wall Street veterans. Nansen CEO Alex Svanevik and former BlackRock portfolio manager Edward Dowd question the sustainability of the structure. Why a 17.5% Floor Triggered
Bitcoin ($BTC) is trading at $71,063, up 0.23%, inside an ascending channel on the 12-hour chart as a large whale short position faces liquidation. A $46 million short bet opened on Hyperliquid carries a liquidation level of $71,712. If $BTC reaches that level, the forced closure would inject additional buying pressure into an already recovering
Bitcoin rebounded above a key support zone as buyers returned, while momentum and futures demand point to a possible breakout ahead today. Bitcoin ($BTC) snapped back above $71,000 after a sharp intraday surge erased early weakness and put bulls back in control of the short-term trend. At the time of this press, Bitcoin traded at
YZi Labs, an independent investment firm and family office that manages over $10 billion in assets for Changpeng Zhao (CZ) and Yi He, has accused CEA Industries (NASDAQ: BNC), a publicly traded company servicing the Controlled Environment Agriculture (CEA) industry, of systemic governance failures, condemning its payment of $1.98 million to a departing CEO as
Story Highlights Bitcoin may drop toward $40K as four-year cycle signals final discount before next bull run begins. Ali Martinez identifies $41,500 to $45,000 buy zone, historically forming base ahead of major rallies globally. Retail Bitcoin demand collapses as transactions below $10,000 fall, signaling weaker participation from smaller investors today. Bitcoin moved higher on Tuesday,