Bitcoin has cooled slightly while the S&P, Nasdaq, and precious metals have all reached new all-time highs in the past day—and that’s unsurprising, an analyst told Decrypt. At the time of writing, Bitcoin is changing hands for $121,336 after having dropped by 0.9% in the past day. But it’s still 1.5% higher than it was
Wall Street broker Benchmark remains bullish on Strategy (MSTR) despite the stock’s recent struggles, arguing that its bitcoin-linked perpetual preferred shares give it something no other digital asset treasury can match: permanent capital. The broker reaffirmed its Strategy buy rating and $705 price target in the Thursday report. The stock was 2% lower in early
Blockstream CEO Adam Back has reacted to Luxembourg becoming the very first eurozone country to invest in Bitcoin, describing the development as “huge.” Earlier today, Luxembourg Times reported that the sovereign wealth fund (FSIL) of the uber-rich European country had decided to invest 1% of its total assets in Bitcoin as well as other cryptocurrencies.
Key Takeaways US Treasury Secretary Scott Bessent reportedly discussed plans for the government to continue accumulating Bitcoin during a private meeting with industry executives. The US currently holds about $17 billion in Bitcoin and does not plan to sell it, Bessent reiterated. US Treasury Secretary Scott Bessent discussed the government’s Bitcoin holdings and accumulation strategy
Over 70,000 new millionaires have emerged from Bitcoin’s rise, bringing the total number of crypto millionaires to 240,000 worldwide. Analysts predict Bitcoin could reach $150,000 by 2026 as institutional investment and global interest continue to grow. The largest digital asset, Bitcoin, has made 70,000 new millionaires in the past year. As detailed, this brings the
The bitcoin price has now entered the euphoria phase of this bull cycle, and while no model can time the exact top, the best on-chain frameworks point to much higher bitcoin price targets than most expect. Bitcoin Price Cycle Master One of the most historically reliable tools is the Bitcoin Cycle Master chart, which lays
Bitcoin digital asset treasuries (BTC DATs) have made their decision. They will be judged primarily by one metric: “Bitcoin per share.” This public market version of “whoever has the most Bitcoin wins” marks a new era of Bitcoin adoption and activation. As for what’s next, there remains a clear fork in the road. How will
Story Highlights Bitcoin’s fixed supply makes it a deflationary asset, gaining value as fiat currencies lose purchasing power. Everyday costs – from housing to Big Macs – have fallen dramatically when measured in Bitcoin since 2009. Unlike dollars, which lose half their value roughly every 10 years, Bitcoin preserves wealth over time. Inflation is everywhere
Leading digital asset Bitcoin (BTC) hit a record high of $126,199 on Monday, marking a major milestone. However, since reaching this peak, the coin has largely traded sideways, showing signs of hesitation among traders. With many market participants anticipating a potential move below the $120,000 region, on-chain indicators suggest that a short-term downward trend could