Galaxy trims 2025 Bitcoin price target to $120K amid shifting market dynamics
Galaxy pointed to changing liquidity patterns and leveraged liquidations as key reasons for cutting its Bitcoin price outlook. Source link
ECB Head Pushes CBDC, Calls it a Unifying Force in Europe
European Central Bank (ECB) president Christine Lagarde released a statement on Friday touting the digital euro, a central bank digital currency (CBDC), as a unifying force in the European Union (EU) and said the ECB is aiming to launch it “as early as possible.” “As much as banknotes will continue to circulate, we want cash…
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Bitcoin To Drop by 70% During Next Bear Market: VC
The price of Bitcoin (BTC) will continue to experience cyclical booms and busts, resulting in a drawdown of up to 70% during the next market downturn, according to Vineet Budki, CEO of venture firm Sigma Capital. There will be a BTC retracement of 65% to 70% in the next two years because traders do not…
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Bessent walks back trade restrictions, but crypto markets are still reeling
US Treasury Secretary Scott Bessent said on Thursday that the US would suspend restrictions designed to limit access to Chinese companies buying technology that the US government considers sensitive. The eased restrictions were given in exchange for China agreeing to suspend its export controls on rare earth minerals used in electronics and military defense applications,…
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Core Scientific Shareholders Thwart CoreWeave Buyout Deal
Bitcoin miner Core Scientific failed to win approval for a merger with AI infrastructure company CoreWeave during a shareholders meeting on Thursday. The final results of the preliminary vote will be disclosed in a Securities and Exchange Commission (SEC) filing on Friday, according to Core Scientific’s announcement. CoreWeave finalized the $9 billion acquisition in July,…
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Struggling Mining Industry sees $11B Boom in Convertible Debt Offerings
Bitcoin (BTC) miners have raised $11 billion in convertible debt — corporate debt that is convertible to stocks — over the last year, amid a pivot into artificial intelligence data centers. Miners completed 18 convertible bond deals following the April 2024 Bitcoin halving that slashed the block reward by 50%, according to TheMinerMag. The average…
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Federal Reserve Slashes Rates, but Markets Have Already Digested the Gains
The Federal Reserve Open Market Committee (FOMC) announced a 25 basis point interest rate cut on Wednesday, bringing the target Federal Funds rate down to 3.75%-4%. Wednesday’s rate cut was “fully priced in” by investors, who widely anticipated the decision, according to Matt Mena, a market analyst at investment company 21Shares. Mena also forecast: “November…
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BTC Can Surge To $150K All-Time High By End of 2025
Michael Saylor, the co-founder of Strategy, the biggest Bitcoin (BTC) treasury company by holdings, forecast that Bitcoin would hit $150,000 by the end of 2025. “I think that these 12 months have probably been the best 12 months in the history of the industry,” Saylor told CNBC at the Money 20/20 conference in Las Vegas…
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The Bitcoin Stock-To-Flow ModelIsn’t the Best BTC Forecast Model: Analyst
Bitcoin’s (BTC) Stock-to-Flow (S2F) model, one of the most widely cited BTC valuation frameworks, forecasts a peak price of $222,000 during this market cycle, but investors should exercise caution when using the model, according to André Dragosch, the European head of research at investment firm Bitwise. The Stock-to-Flow model does not take into account demand-side…
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US Treasury’s Bessent Signals US-China Trade War May Be Nearing The End
United States Treasury secretary Scott Bessent said on Sunday that the US and China have made “substantial” progress on a trade deal framework, sparking investor hopes of reigniting the bull market. The proposed trade framework will likely remove the need for the 100% additional tariffs announced by US President Donald Trump on October 10, Bessent…
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