Michael Saylor, Executive Chairman of Strategy, stated Bitcoin found its market floor around $60,000 in early February after weak hands, mainly over-leveraged miners and fragile corporations, exited the market. He highlighted growing ETF demand and corporate Bitcoin purchases as key factors absorbing new supply, alongside expected interest rate cuts improving liquidity. Saylor also sees future rallies catalyzed by banking and digital credit systems built on Bitcoin, while dismissing quantum computing threats as distant and theoretical. Mizuho maintains an Outperform rating on Strategy stock with a $320 target price, signaling strong potential gains.
Bitcoin traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
