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.
A wallet linked to Singapore-based Matrixport deposited $10 million USDC to open a $17.44 million leveraged long position on Ethereum at 20x leverage on Hyperliquid. This trade is part of a larger pattern of institutional-scale leveraged ETH longs by...
Cryptocurrency prices exhibit varied changes, with Bitcoin trading above $80,000, reflecting a 2.05% increase. Solana leads notable gains with a 9.26% rise, while other coins like Ethereum and XRP show moderate increases. These fluctuations highlight...
Cryptocurrency markets display varied price changes, with Bitcoin trading above $80,000, up 1.69%, and Ethereum steady near $2,500. Solana leads gains with an increase of nearly 11%, while VeChain also shows strong growth at over 15%. These movements...
Bitcoin options with a notional value of about $6.4 billion are set to expire on August 28, 2026. This large expiry could influence market positioning and volatility, though the actual impact on Bitcoin's price depends on factors like strike distribu...
Bitcoin has defied its usual August trend by climbing over 25% this month, with selling pressure from short-term holders easing and buying interest, especially from U.S. investors, increasing. This surge has pushed Bitcoin back toward the $80,000 mar...
