Investment bank TD Cowen has sharply reduced its price target for Nakamoto, a publicly traded company that holds Bitcoin as its primary treasury asset, by 58% to $17 from $40. The significant downgrade, first reported by The Block, reflects a weakening outlook for Bitcoin and growing concerns over Nakamoto’s leveraged capital structure. Behind the Downgrade
Bank of America analysts recently warned that August could be a difficult month for US stocks, suggesting investors look at safer options like the US dollar and gold. They point to typical summer slowdowns and overall market conditions that might make people more cautious. The big question now for crypto investors is whether Bitcoin will
Bitcoin ($BTC) sought to build on local highs at Monday’s Wall Street open as US stocks opened in the green. Key points: Bitcoin approached new local highs with the start of the week’s first US trading session. Stocks also opened higher amid relief over a hiatus in the US-Iran war and potential progress on reopening
In a recent social media post, Bitcoin nemesis Peter Schiff predicted that Strategy’s Bitcoin yield will end up being negative this year. This comes after the company’s stock surged by as much as 7% earlier this morning due to the company strengthening its dollar reserve. “Extra corporate risk” Strategy previously claimed that it could raise
Bitcoin ($BTC) heads into the end of July juggling volatility catalysts as the Federal Reserve reacts to US inflation. Key points: The Fed will deliver its latest decision on interest rates as US bond yields spike, with markets seeing a September hike as likely. June PCE inflation is due on Thursday after hitting a three-year
Tether holds 97,141 bitcoin, enough to rank second among corporate holders if it were listed anywhere. It is not. There is no share, so there is no multiple, no premium, no discount, and no market referee on the largest private Bitcoin position in existence, funded by a business that earns more per employee than any
Bitcoin price climbed back above $65,000 on July 27 as the pause in US-Iran strikes drove oil lower and restored demand for risk assets. Bitcoin price rises as US-Iran strikes pause Bitcoin was trading at $65,386 at the time of the July 27 chart, nearly unchanged for the day after moving between $64,892 and $65,744.
Bitcoin options traders have quietly dismantled their defensive positions heading into the Federal Reserve meeting — and the data suggests the market may be more exposed than it looks. According to Glassnode, bitcoin options trading patterns have shifted over the past month, with the put/call ratio on open interest falling to roughly 0.52 from about
Strive, an asset management firm, has disclosed the acquisition of an additional 79 Bitcoin ($BTC), valued at approximately $5.2 million based on current market prices. The purchase, confirmed by the company, brings its total Bitcoin holdings to 20,000 $BTC. Details of the Latest Purchase The latest transaction, executed in recent days, underscores Strive’s ongoing strategy
A scenario-based and probability-weighted approach shows ChatGPT expects Bitcoin ($BTC) price to reach a new all-time high ($ATH) on December 31, 2026. On July 27, ChatGPT predicted that Bitcoin price would hit $145,000 by the end of this year. With $BTC price trading at around $65,060 at the time of writing, the OpenAI-backed Large Language