Bitcoin price remains steady above $77,000 despite the US Treasury's announcement of new economic sanctions against Iran, described as an "economic D-Day" targeting Iran's financial lifelines. The sanctions have led to a drop in oil prices to $85 per barrel, with Iran threatening to block oil shipments through the Strait of Hormuz if pressure continues. Market analysts remain optimistic, with a 68% chance Bitcoin could reach $85,000 by the end of 2026, supported by rising Bitcoin futures interest and increased demand for safe-haven assets like tokenized gold. The US Treasury also plans to double its debt buybacks to stabilize the bond market amid these tensions.
Bitcoin jumped from around $64,330 to $74,440 last week, marking a 23.23% weekly gain after months of decline and stagnation. This surge, predicted by analysts in early August, signals a potential new bull market similar to past recoveries in 2019 an...
Tom Lee of Fundstrat believes a long-anticipated rotation into Ethereum has begun, with ETH potentially reaching $10,000 within the next one to two years. He argues Ethereum is undervalued compared to Bitcoin and could become the future settlement la...
Bitcoin experienced its largest three-year surge with a 23% rise, breaking past $77,500 driven by a $1.9 billion inflow into Bitcoin ETFs. This rally marks a strong recovery after a difficult first half of 2026, shifting market sentiment from bearish...
A cryptocurrency wallet linked to market maker Wintermute held $190.77 million in short positions on Hyperliquid as of August 24, with Ethereum as the largest short at $53.02 million, followed by Bitcoin and Solana. The wallet's short exposure increa...
A Federal Reserve Bank of Cleveland study found that showing people Bitcoin's past 12-month gain of 14.3% increased their desired crypto holdings by about 2 percentage points and actual purchases by 2.5 points. Crypto owners expected much higher retu...
