Galaxy Research warns Bitcoin's current cycle bottom may not be reached yet, projecting a base-case floor between $40,000 and $46,000 by late 2026. Only 4 of 13 historical bottom indicators have been triggered, and the current drawdown is younger and less severe than past bear markets. Market data shows some signs of capitulation but lacks full confirmation, with risks of further price drops if panic selling lowers Bitcoin's cost basis. The firm notes that while ETF flows and corporate demand could support prices, these buyers might not prevent declines during market stress.
Bitcoin reached a cycle bottom at $59,375 on June 5, marking a 53% drop from its peak. This low was driven by investors selling Bitcoin ETFs to fund SpaceX's IPO, which debuted strongly on Nasdaq with a 26% gain, easing crypto selling pressure. Addit...
Dogecoin surged 7.6% on June 12, 2026, reaching $0.091 intraday, driven by SpaceX's IPO debut at $150 per share which pushed the company's market cap above $2.1 trillion. This milestone made Elon Musk the first trillionaire, positively impacting cryp...
The SpaceX IPO on June 12 triggered high demand and refunds on crypto platforms like Kraken and Binance due to limited share allocations. Standard Chartered remains bullish, forecasting Bitcoin to hit $100,000 and Ethereum $4,000 by year-end, citing ...
Bitcoin recently dropped from nearly $74,000 to a low of about $59,000 before rebounding above $60,000. Analysts highlight a key indicator, the MVRV Pricing Bands, suggesting the most important support level near $43,200, which could mark the market ...
Standard Chartered analyst Geoffrey Kendrick reaffirmed the bank's year-end price targets of $100,000 for Bitcoin and $4,000 for Ethereum following a recent market selloff. He identified the Bitcoin drop to around $59,000 as the likely cycle low and ...
