Category: Bitcoin

Cantor Fitzgerald’s Brett Knoblauch rides on a sharp drop in Strategy (MSTR) price, lowering his 12-month price target for Strategy (MSTR) to $229 from $560, citing weaker Bitcoin-related funding conditions Bitcoin$90,977.49. The new target is still nearly 30% higher than the current price of $180, and Knoblauch maintains his Overweight rating. Strategy built its business…

Without waiting for Sunday night’s customary plunge, Bitcoin Bitcoin$92,317.88 The weekend started early this holiday season, with the plunge continuing overnight and falling below $90,000 in early U.S. trading. The move reverses much of the rebound from last Sunday night’s panic sell-off, which saw Bitcoin climb all the way back to $84,000. Ethereum’s Ethereum Ethereum$3,174.63…

VTB Bank, Russia’s second-largest bank by assets, plans to start offering spot cryptocurrency trading to qualified investors next year, becoming the first institution in the country to allow customers to directly conduct deliverable transactions in major cryptocurrencies such as Bitcoin. Bitcoin$90,303.43 and ether Ethereum$3,102.34According to Russian media RBU. Speaking to RBU, Andrey Yatskov, head of…

As the cryptocurrency industry pushes for recent action in the U.S. Congress on a bill that would create a regulatory playing field for digital asset markets, the Blockchain Association has hired Uniswap Labs’ Lindsay Fraser to lead its policy operations. Fraser, who worked on policy issues at Uniswap as the industry grappled with how the…

Strategy’s (MSTR) senior perpetual preferred STRF has increasingly become the company’s most successful credit vehicle since its launch in March. STRF is trading at $110, up 36% since its launch, and has rebounded 20% from its Nov. 21 low of $92. The date also marked a local bottom for Bitcoin near $80,000, highlighting the strong…

easy$1.8390 The stock was significantly weaker during Friday’s trading session, down 6% at $1.85, as technical selling overwhelmed buyers. The coin lags behind the broader crypto market, with the CoinDesk 20 index down 2.5% at publishing time. According to CoinDesk Research’s technical analysis model, trading volume remains sluggish at just 10.8% of the 30-day average,…

Despite Bitcoin’s recent sharp price decline, Wall Street bank JPMorgan is sticking to its volatility-adjusted Bitcoin vs. Gold model target, which suggests a theoretical price of close to $170,000 over the next six to 12 months. At press time, the world’s largest cryptocurrency was trading at approximately $91,200. Strategy (MSTR) is a key driver of…

By Francisco Rodrigues (All times Eastern unless otherwise noted) Bitcoin is currently hovering near $91,300 after falling more than 2.2% in 24 hours, outperforming the broader cryptocurrency market’s 3.2% decline as measured by the CoinDesk 20 (CD20) index. The background is messy. The record-breaking U.S. government shutdown delayed key labor reports, even as a raft…

Cryptocurrency markets lower in early European trade, Bitcoin Bitcoin$92,317.88 It fell to $91,200 after hitting a weekly high of $94,200 on Wednesday. The losses were limited to cryptocurrencies: U.S. stocks were little changed in pre-market trading, with the FTSE 100 up 0.15%. The number of BlackRock’s ETF Bitcoin IBIT projects has reached a record high,…

The European Commission, the European Union’s (EU) executive arm, has proposed ending individual country regulation of cryptocurrency companies and handing responsibility to EU market regulators as part of measures to “comprehensively integrate” the bloc’s financial markets. The commission wants to resolve differences caused by different regulatory approaches across the 27 member states and transfer regulatory…