FeesSafety
Pluang+

Bitcoin likely not at bottom; Galaxy Research projects floor between $30K and $46K by late 2026

Market News
12 Jun 2026
Blockonomi
View Source
Bearish
Bitcoin likely not at bottom; Galaxy Research projects floor between $30K and $46K by late 2026

Galaxy Research reports Bitcoin's current price drop of about 51% from its October 2025 peak is milder than past bear markets, with only 4 of 13 historical bottom indicators triggered. The firm projects a base-case Bitcoin floor between $40,000 and $46,000, and a harsher scenario near $30,000 to $37,000 by late 2026. The October 2025 peak was unusually calm, keeping the average cost basis high and limiting how low prices can fall in dollar terms. Key signals like price below cost basis and sustained loss-taking have yet to appear, suggesting the cycle bottom is still ahead.

More News

Remittix launches Earn test with 18-22% APY on ETH, USDT, USDC; Bitwise predicts Bitcoin at $197K

Remittix launches Earn test with 18-22% APY on ETH, USDT, USDC; Bitwise predicts Bitcoin at $197K

Remittix is starting a test of its Earn platform, offering 100 participants weekly payouts with targeted yields of 18-22% APY on ETH, USDT, and USDC deposits, plus matching RTX token gifts. This move expands Remittix's PayFi ecosystem, which connects...

Market News
Bullish
35 minutes ago
XRP price at a critical $1.24 level, with potential for recovery or further drop, says crypto analyst chart.

XRP price at a critical $1.24 level, with potential for recovery or further drop, says crypto analyst chart.

A crypto analyst's chart highlights that XRP's price is at a crucial point near $1.24, where it could either drop further or start recovering. The chart shows XRP recently trading around $1.26, with a bearish scenario if it falls below $1.24, targeti...

Technical Signals
Neutral
4 hours ago
Preferred shares' dividends limit bitcoin buying power for Strategy and Strive companies.

Preferred shares' dividends limit bitcoin buying power for Strategy and Strive companies.

Strategy and Strive use preferred shares to finance their bitcoin purchases, attracting investors seeking regular income. However, the dividends paid on these shares create ongoing expenses that reduce the capital available to buy more bitcoins. This...

Market News
Neutral
4 hours ago
Selling GLD ETF gains taxed as collectibles at up to 28%, not as regular stock gains.

Selling GLD ETF gains taxed as collectibles at up to 28%, not as regular stock gains.

Investors selling SPDR Gold Shares (GLD) realize gains taxed as collectibles, not stocks, due to IRS rules treating gold holdings differently. For example, a $300,000 sale of GLD bought five years ago could yield a $162,713 gain taxed at a maximum 28...

Market News
Neutral
4 hours ago
Zcash community divided on Crosslink upgrade; NU7 upgrade to boost block speed launches Nov 5.

Zcash community divided on Crosslink upgrade; NU7 upgrade to boost block speed launches Nov 5.

The Zcash ecosystem is split over the Crosslink upgrade, which proposes a hybrid proof-of-work and proof-of-stake system to improve speed and security. Key developers disagree, with some warning that adding staking increases complexity and risks with...

Protocol Fundamentals
Neutral
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App