Bitcoin may be trading above what some investors expected this year, but according to Charles Schwab’s Head of Crypto Research, Jim Ferraioli, its “fair value” could actually be closer to $95,000. Ferraioli said his valuation is based primarily on Bitcoin’s mining economics, rather than short-term market sentiment. Why $95,000? “If you were to say what’s
Bitcoin $BTC$63,174.72 has come under pressure since the U.S. stock market closed Monday, with South Korea’s Kospi leading Asian equities lower and providing risk-off cues to the cryptocurrency market. $BTC has fallen to $63,200 from nearly $65,000, a 2.7% decline that has spilled over into the broader crypto market and dragged down the likes of
Why Saylor Anticipates More Bitcoin Sales Michael Saylor, Executive Chairman of Strategy Inc. (Nasdaq: MSTR), revealed on July 27 in an X post that future STRC repurchases may be funded through either bitcoin sales or MSTR stock sales, depending on market conditions. STRC is Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, carrying a
The recent halt in military exchanges between the United States and Iran shifted investors’ attention away from traditional safe-haven assets and back toward risk-driven markets. Gold had rallied during the conflict as traders sought protection from geopolitical uncertainty. However, analysts later argued that easing tensions reduced the urgency for defensive positioning. Several market commentators expected
Bitcoin [$BTC] managed to push higher to $66,956 on Tuesday, July 21. The bulls were met with rejection back then, but the pullback only reached the $63.9k area before climbing back toward $65k. Since October, the foremost crypto has been in a bearish swing structure on the 1-day timeframe. This situation has not changed yet.
At the time of writing at 8:40 a.m. Eastern time on July 27, the chain tip stood at block 959842. Roughly 1,790 blocks remain before block 961632, the point where nodes running BIP-110 software begin rejecting blocks that do not signal version bit 4. At Bitcoin’s average ten-minute pace, that height should arrive on or
Rejections at $65,500 Resistance Drag Prices Lower Bitcoin showed its volatility again on Monday, experiencing two sharp price swings even as tensions in the Middle East eased. After barely holding above $64,600 late Sunday, the cryptocurrency jumped to a session high of $65,500 as markets reacted to reports of a pause in fighting between U.S.
While Bitcoin remains stagnant, analysts on on-chain analysis platforms have noted that a sustained bottom in the market has yet to be confirmed. Nansen reported that the possibility of Bitcoin retesting the $52,000 to $58,000 region remains. According to the company, this week’s Federal Reserve interest rate decision and Strategy’s second-quarter financial results are among
Bitcoin $BTC$64,994.59 and the crypto market have stayed somewhat resilient on Monday even as AI-linked tech stocks came under pressure. $BTC held around $65,000, up 4% since Friday, while ether ($ETH) hit its strongest price in nearly two months. Meanwhile, Nvidia’s 4.8% decline led AI-favorites lower, even as the overall Nasdaq was about flat thanks
Bitcoin is trading roughly 50% below its all-time high set back in October, and more than 40 weeks into the current downturn, four separate long-term indicators are converging in a way that has historically marked the later stages of a bear market rather than the early ones, according to one analyst. A Historically Accurate Model