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Bitcoin trades near $63K as big banks cut 2026 targets; gold hits $4,400 amid rising central bank demand.

Market News
16 Aug 2026
Blockonomi
View Source
Neutral
Bitcoin trades near $63K as big banks cut 2026 targets; gold hits $4,400 amid rising central bank demand.

Bitcoin is trading around $63,038, about 19% below its May peak near $77,500, prompting some skepticism about its future value. Citi, Standard Chartered, and TD Cowen have all lowered their 2026 Bitcoin price targets, reflecting softer demand and regulatory uncertainties. Meanwhile, gold prices have surged past $4,400 an ounce, supported by a 62% increase in central bank purchases, highlighting gold's continued strength as a defensive asset. This contrast underscores ongoing debates about Bitcoin's role as a hedge versus traditional safe havens like gold.

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Shield hires Michelle Clark to boost AI-driven communications surveillance for financial firms.

Shield hires Michelle Clark to boost AI-driven communications surveillance for financial firms.

Shield appointed Michelle Clark, former HSBC surveillance leader, as Global Communications Surveillance Expert to enhance its AI-driven product strategy. Clark's 20+ years in global banking and expertise in regulatory compliance and AI innovation wil...

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Phonak launches Roger On Sphere, the first AI-powered remote microphone that separates speech from noise in real time.

Phonak launches Roger On Sphere, the first AI-powered remote microphone that separates speech from noise in real time.

Phonak has introduced Roger On Sphere™, the world's first remote microphone using AI to separate speech from background noise in real time. This device enhances communication for people with hearing loss in noisy environments like restaurants and mee...

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1 hour ago
Data breach at Southern Company utilities exposes customer personal info, legal claims investigated

Data breach at Southern Company utilities exposes customer personal info, legal claims investigated

Southern Company, operating through Georgia Power, Alabama Power, and Mississippi Power, reported a data breach compromising customer personal information including names, addresses, Social Security numbers, and financial details. This breach raises ...

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1 hour ago
Intel stock nearly triples in 2026 but still lags behind S&P 500 since 2016.

Intel stock nearly triples in 2026 but still lags behind S&P 500 since 2016.

Intel's stock price has almost tripled in 2026, showing strong recent performance. However, a $10,000 investment in Intel made in 2016 would still be worth less than if it had been invested in the S&P 500 index. This highlights that despite recent ga...

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Bullish
2 hours ago
Avantis U.S. Mid Cap Value ETF rated Buy at $78, offering value in mid-cap stocks amid AI-driven growth potential.

Avantis U.S. Mid Cap Value ETF rated Buy at $78, offering value in mid-cap stocks amid AI-driven growth potential.

The Avantis U.S. Mid Cap Value ETF (AVMV) is rated a Buy at $78, focusing on profitable mid-cap stocks with attractive valuations. The fund uses a systematic approach emphasizing value, size, and profitability, with a low fee of 0.20% and a price-to-...

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