Rick Rieder, Blackrock's CIO of Global Fixed Income, stated on June 15, 2026, that he believes bitcoin will go "considerably higher" over the long term despite its recent price drop of about 50% from its peak. Blackrock maintains a moderate bitcoin exposure, balancing it against opportunities in technology and emerging market debt. The firm also launched a new Bitcoin Premium Income ETF (BITA) that combines bitcoin holdings with income-generating options strategies. Rieder's bullish stance and Blackrock's continued bitcoin accumulation signal confidence in bitcoin's future growth despite short-term volatility and capital rotation pressures.
Bloomberg Intelligence strategist Mike McGlone warns that Bitcoin may collapse by 80% to around $10,000 if the US stock market, specifically the S&P 500, falls by 20%. This scenario is driven by a potential cascade effect from a major stock market de...
Following the Federal Reserve's first interest rate increase in over three years—a 25 basis point hike—Bitcoin and Ether both surged by around 11.5% in the subsequent week. Despite higher rates generally increasing the appeal of dollar assets over cr...
On October 16, XRP/KRW recorded the highest 24-hour trading value on South Korea's leading crypto exchange Upbit, reaching $108.3 million. This surpassed Bitcoin/KRW at $95.3 million and Ether/KRW at $62.7 million. The data reflects rolling 24-hour t...
Bitcoin recovered to $82,295 after dropping below $80,000 for the first time in over a month, triggering significant liquidations mainly from long positions. Altcoins performed well, with Zcash surging 10.29%, Ethereum up 4.17%, and Solana rising 3.0...
Bitcoin held steady above $80,000, recovering to around $82,000 after Fed Chair Kevin Warsh declined to signal another rate hike despite a slightly higher-than-expected US inflation report. The probability of a Fed rate increase at the upcoming Octob...
