Key Highlights: Bitwise Chief Investment Officer Matt Hougan revealed that expanded addressable markets have reinforced an ambitious long-term Bitcoin price target well above $1 million. Bitwise expanded its 10-year store-of-value market projection from $91 trillion to $110 trillion and raised its institutional investment market outlook from $216 trillion to $303 trillion. Bitcoin’s share of the ...
Key Highlights XRP dipped to a Friday low of $1.19 and remains below its 200-day moving average following hotter-than-expected inflation metrics and an attack on Binance. Analysts identify the 50-week moving average as critical support, with price scenarios projecting a slide toward $0.98 if broken, or a rebound targeting $1.70 if sustained. Binance co-founder Yi ...
Key Highlights The Kobeissi Letter reports that the odds of a Democratic sweep in the upcoming U.S. mid-term elections surged by 7% over two days to a record 72%, intensifying macroeconomic market pressure. Bitcoin remains down more than 30% from its prior peak of $126K, slipping below $80K amid tech-sector sell-offs, AI bubble concerns, and ...
Key Highlights: Binance was targeted in a record $6.3 billion security breach, successfully freezing approximately $3 billion of the compromised assets. Binance CEO Richard Teng confirmed that the exchange has allocated over $6.34 billion in internal corporate funds to ensure full coverage of customer losses. Privacy-focused blockchain Midnight outlined the mechanics of its $NIGHT utility ...
Key Highlights: MARA shares fell 8.23% to $6.58 after opening at $6.81, touching multi-month lows not recorded since March 2023. MARA maintains a strong 20-period correlation of +0.78 with Bitcoin (BTCUSDT), reflecting broader pressure from the crypto asset’s retreat toward $76,500. Technicians point to Friday’s intraday low of $6.44 as critical support, while a rebound ...
Key Highlights Binance Coin ($BNB) suffered a 10.5% downturn toward its September low range between $674.60 and $683 after failing to clear resistance at $750.47–$762.20. Despite reclaiming its 200-day exponential moving average (EMA) at $692.43, the token remains under pressure following a confirmed breakdown below ascending trendline support. Market analysts mark $674.60 as the decisive ...
Key Highlights: Hyperliquid generated $38 million in outsourced revenue last month from third-party builders, driven by the network’s HIP-3 deployer framework. Intercontinental Exchange (ICE) and TradeXYZ are partnering with Hyperliquid to introduce perpetual futures to US institutional clients, pending approval from the CFTC. Despite broader crypto liquidation pressures tied to recent exchange hack fallout, $HYPE ...
Key Highlights: Prominent crypto trader Machi faced liquidations on the leveraged trading platform Hyperliquid amid high-stakes exposure. The broader cryptocurrency market remains in a cautious stance, marked by low trading volumes and minimal recent price movement. Market participants are monitoring the risk of cascading liquidations, which could either prompt reduced leverage or accelerate bearish sentiment. ...
Key Highlights: A cohort of 180 corporate entities spanning various industries has accumulated Bitcoin, reflecting sustained institutional confidence. Market analysts and traders are monitoring whether this institutional backing will generate sufficient upward demand to lift Bitcoin through key price thresholds. Potential market volatility remains a factor to watch, particularly if significant discount requests on preferred ...
Key Highlights Cardano ($ADA) trades near $0.1936, remaining trapped under a critical resistance zone spanning between $0.24 and $0.30. Analyst KhaldHegazy warns of a potential 52% to 63% price plunge, outlining downside targets at $0.092 and $0.0715 unless the asset can reclaim $0.2851. Market sentiment faces severe headwind pressures following broader declines tied to reports ...
Key Highlights Total 24-hour cryptocurrency liquidations soared to $1.52 billion, with $1.36 billion triggered following a hack targeting Binance. Bitcoin fell to an October low near $80,500 before rebounding slightly above $78,000, while Ethereum dropped over 3% to trade under $2,250. Nearly 240,000 derivatives traders were liquidated, predominantly long positions, led by Bitcoin ($482 million) ...
Key Highlights Bitwise Asset Management projects that institutional asset allocations could drive Bitcoin prices to a base case of $1.6 million and a bull case near $3.7 million by 2036. Global institutional capital is projected to reach $304 trillion by 2035, with modest 1% to 5% portfolio allocations yielding between $1.5 trillion and $7.4 trillion ...