Summary Standard Chartered analyst Geoffrey Kendrick says bitcoin likely hit its cycle low around $59,000, citing improving investor flows, corporate buying and easing macro pressures. His confidence grew after MicroStrategy resumed bitcoin purchases, U.S. spot bitcoin ETFs returned to net inflows and oil prices continued to fall, reducing inflation worries. Kendrick says a decisive break
A sustained decline in Bitcoin’s price could set off a wave of mergers, acquisitions, or restructuring among Digital Asset Treasury (DAT) companies, according to Ben Workman, Chief Investment Officer at Strive. Speaking at the $BTC Prague event, Workman outlined how the aggressive debt-fueled strategies many firms adopted during last year’s crypto rally are now exposing
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1812.32, up 5.9% (+100.88) since 4 p.m. ET on Friday. All 20 assets are trading higher. Leaders: TAO (+31.9%) and NEAR (+22.2%). Laggards: BNB (+2.5%) and BTC (+4.2%). The
Cardano founder Charles Hoskinson has reignited debate across the crypto industry after declaring that Cardano could eventually surpass Bitcoin. In a recent commentary, Hoskinson argued that sustained investment and community support could help Cardano achieve the milestone of overtaking Bitcoin. In his view, continued ecosystem growth would strengthen Cardano’s long-term position in the digital asset
Bitcoin (BTC) could decline to as low as $38,500 by October 2026 if historical bear market patterns continue to repeat, according to an analysis by TradingShot. The forecast is based on Bitcoin’s behavior during previous bear market bottoms and its relationship with long-term exponential moving averages (EMAs). The analysis, shared in a TradingView post on
Bitcoin rose to its highest level in nearly two weeks on Monday after the United States and Iran announced a peace deal expected to reopen the Strait of Hormuz and ease pressure from energy markets. The move pushed bitcoin above $65,500, extending its rebound from last week’s drop below $60,000. According to crypto.news market data,
Bitcoin has reclaimed $65,000 after oil prices plunged to a two-month low following a reported US-Iran peace agreement that eased concerns over disruptions in the Strait of Hormuz. According to data from crypto.news, Bitcoin ($BTC) climbed to an intraday high of roughly $65,995 on June 15, extending its rebound from the June 6 low near