Bitcoin ($BTC) spiked past $87,000 on Friday as US jobs data missed expectations. Key points: Bitcoin tapped $87,200 but failed to make new multi-month highs as overhead resistance held. September US nonfarm payrolls came in below expectations at 29,000, while the August and July figures were revised lower. Analysts saw further $BTC price upside on
Bitcoin treasury companies built primarily around buying the cryptocurrency may struggle to compete with Michael Saylor’s Strategy, according to economist and “The Bitcoin Standard” author Saifedean Ammous. “I don’t see a compelling case for going to another Bitcoin treasury company other than Michael Saylor’s Strategy,” Ammous said on the latest episode of Cointelegraph’s Proof of
Perpetual futures, proposed by economist Robert Shiller in 1993 and commercialized by the crypto industry, are now being considered by Wall Street for products like the VIX, the stock market’s so-called fear gauge. Cboe is exploring perpetual futures on the VIX, still early, with no contract specs or filing, according to Bloomberg. The VIX Index
The leading cryptocurrency, Bitcoin, got off to a strong start in October. After being stuck in the $82,000–$85,000 range at the end of September, $BTC broke above this consolidation zone and rose to levels around $86,900. At this point, the analytics company Makrovision shared its latest assessment of Bitcoin. According to this assessment, the company
The “Uptober” frenzy is taking off across the market. From a technical point of view, $BTC’s 42% Q3 rally is already positioning for a better Q4. For $BTC, Q4 has historically been one of its strongest quarters, with an average quarterly ROI in excess of 70%. However, for history to repeat itself, October will be
Citi raises its Strategy price target to $240 from $136 as a higher Bitcoin forecast and expected mNAV expansion strengthen its MSTR outlook. Citi has raised its price target for Strategy (MSTR) to $240 from $136 while keeping a Buy rating on the stock. The revision follows the bank’s higher Bitcoin forecast, with Citi now
The cryptocurrency market kicked off the highly anticipated “Uptober” cycle with strong upward momentum today, as Bitcoin ($BTC) jumped over 2.2% to trade around $86,150. The rally follows a $3 trillion bank raising its Bitcoin price target and spot ETF inflows turning positive again. Bitcoin Reclaims $86K as Uptober Begins Bitcoin is up around 2%
Bitcoin is one of the assets that can provide diversification beyond traditional stock-and-bond portfolios, according to Jurrien Timmer, director of global macro at Fidelity Investments. Timmer placed Bitcoin alongside such diversifiers as commodities, gold, cash, and leveraged loans. “Beyond the 60 (global equities) and the 20 (bonds), the main diversifiers (against both asset classes) are
Bitcoin is once again pressing toward the upper end of its recent range, with $BTC trading around $86,000–$86,300 after a strong recovery from September lows. The daily chart remains structurally bullish: price sits comfortably above its major moving averages, while the latest advance has returned $BTC to the late-September high near $87,000. Multiple levels to