Reza Bundy, CEO of Atlas Capital, predicts Bitcoin could plunge up to 70% within six months, falling to a range of $26,000 to $30,000 amid potential market turmoil similar to the 2008 financial crisis. Despite this short-term bearish outlook, Bundy foresees Bitcoin eventually rising to between $150,000 and $500,000 depending on various economic scenarios, including government monetary policies and global conflicts. Bundy notes Bitcoin has underperformed as an inflation hedge and behaves more like tech stocks, leading his firm to currently exclude it from their ETF portfolio. The firm plans to reconsider Bitcoin inclusion after a market correction and aims to tokenize their fund soon.
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
Economist Peter Schiff predicts Bitcoin's price could fall to as low as $20,000, citing resistance near $65,000 and support around $58,000. He criticized Strategy (formerly MicroStrategy) for raising $450 million through stock issuance instead of usi...
