Bernstein has reaffirmed its bullish Bitcoin (BTC) price prediction for 2026, arguing that the cryptocurrency remains on track to reach $150,000 despite a slowdown in capital inflows and weaker retail participation. According to the Wall Street brokerage, Bitcoin’s recent decline is primarily due to reduced investment flows rather than concerns about its long-term fundamentals. The
Blockstream CEO Adam Back publicly rejected Bitcoin Improvement Proposal (BIP) 110 on June 8, citing fundamental technical flaws and warning that forced activation could split the Bitcoin network into competing minority chains. The proposal, which aims to limit non-financial data in Bitcoin transactions, has ignited a fierce debate within the developer and mining communities. What
Bitwise Asset Management has offered a nuanced perspective on Bitcoin’s recent price weakness, framing it not as a crypto-specific problem but as an early warning signal for broader financial markets. In a new analysis, the firm argues that Bitcoin is acting as a ‘canary in the coal mine,’ detecting shifts in investor risk appetite before
The cryptocurrency market ended last week with a massive loss of billions of dollars. Bitcoin’s market capitalization plummeted by $235 billion, sparking a major debate within the sector. Industry representatives and analysts are completely divided on the reasons behind this sharp sell-off. Prominent figures in the cryptocurrency industry, Bill Barhydt, Andrew Parish, and Tillman Holloway,
Five years ago yesterday, El Salvador’s Congress voted 62-to-22 to pass the world’s first Bitcoin Law, making the small Central American nation the first country on earth to grant bitcoin legal tender status. The date was June 8, 2021. Half a decade later, the government holds 7,677 $BTC worth approximately $480 million — and it
Bitcoin continues to flash warning signs, according to Quinn Thompson, CIO at Lekker Capital, as his fund remains firmly bearish on crypto heading into the summer. Thompson argues that the market faces a combination of structural challenges, including ongoing digital asset treasury (DAT) concerns, unresolved questions about Strategy’s preferred stock STRC, and lingering fears about
Bitcoin, which experienced a drop of approximately $18,000 in about 10 days, is the subject of much debate regarding the reasons for its decline. While some argue that Strategy’s sell-off was the main reason for the decline in Bitcoin, others claim that these sales were not the primary cause of the drop. At this point,
Bitcoin’s recent weakness is being driven by softer capital flows rather than concerns over quantum computing or other risks, according to Wall Street broker Bernstein. Growing concerns that future quantum computers could eventually break the cryptography underpinning Bitcoin have become a recurring topic in crypto markets, especially after recent research from Google suggested the computational
Bitcoin has carved out a relief bounce after plunging below $60,000 on Friday, but a bounce and a bullish revival are two very different things. The latter hinges on a couple of key price levels, according to analysts. “The market has become oversold enough for sharp relief rallies, especially if inflation data softens and ETF
The leading cryptocurrency, Bitcoin ($BTC), recently fell below $60,000 and remains at a critical juncture. Although the price briefly rose above $64,000, it has since fallen back to around $62,000, and Fidelity has released a report analyzing the current situation. Fidelity Digital Assets stated in its latest analysis that short-term and long-term indicators differ for