Veteran trader Peter Brandt predicts Bitcoin will bottom between $40,000 and $50,000 by early October 2026 before starting a multiyear rally that could push it above $250,000 by late summer 2029. Brandt bases this on a historical cycle pattern he calls the "banana model" and expects retail investors to capitulate before the bottom forms. Despite short-term bearishness, he remains bullish long-term, viewing Bitcoin as a superior store of value alongside gold. He also pushed back the timeline for Bitcoin reaching $1 million to 2031 or 2032, citing quantum computing as a bigger long-term risk than regulatory changes.
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...
