Matthew Sigel of VanEck suggests Bitcoin is undervalued at around $81,000 and could rise to $160,000 to align with the Bitcoin-to-gold ratio and the Buffett Indicator, which compares stock market value to GDP. Bitcoin's current ratio to gold is about 17x, below the historical 35x level seen during high equity valuations. Sigel also maintains a long-term target of $1 million for Bitcoin within five years, citing demographic trends and institutional adoption. Recent Bitcoin gains appear driven by macroeconomic factors and short covering, with market positioning still negative, indicating potential for further upside.
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
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. ...
