Riot Platforms (RIOT) picked up back-to-back upgrades from Wall Street on Friday, with JPMorgan and Citigroup both raising their outlooks on the bitcoin miner amid changing industry economics and a shift toward high-performance computing. JPMorgan boosted Riot to overweight from neutral and raised its price target to $19 from $15, calling it the most attractive … Read more
A rough early session for crypto markets took a turn for the worse in U.S. afternoon hours Thursday, with BTC$109,822.59 tumbling below $109,000, its weakest price in nearly a month. ETH$3,934.13 plummeted 8% through the past 24 hours rapidly approaching $3,800, erasing gains since early August. It’s now has lost 22% since its record highs … Read more
By James Van Straten (All times ET unless indicated otherwise) It’s a new day, but the same story: BTC$111,714.76 is struggling and ETH$4,005.54 is trying to hold the $4,000 range. Crypto bulls can take some comfort in the fact that there is only one week left in September, a historically bearish month, and what’s usually … Read more
ETH$4,017.82 led major cryptocurrencies lower during Thursday’s Asian trading hours, as odds of a U.S. government shutdown hit record highs on the decentralized betting platform Polymarket. The price of Yes-side shares for the betting contract “U.S. government shutdown in 2025?” rose to 77%, the highest since the contract’s launch in January. Traders are essentially pricing … Read more
The price of BTC$113,449.46 remains stuck in the mud and corporate bitcoin treasury firms have gone through a full boom-and-bust cycle in a matter of weeks, but the BTC miners have been in major bull mode thanks to artificial intelligence and high-performance computing as a new growth driver. The action continued on Wednesday, with the … Read more
Apparently there’s not enough money in markets these days for simultaneous bull moves in gold and its digital counterpart BTC$113,574.73. To wit, gold has seen what seems like new record highs on a daily basis for the past few weeks. Bitcoin, meanwhile, despite living in a world with the same bullish catalysts — easing monetary … Read more
BTC$112,747.43 remains stagnant in the $110,000 to $120,000 range, while gold and U.S. equities hover near all-time highs. According to Glassnode’s Accumulation Trend Score by cohort, selling pressure is evident across all wallet groups. This metric measures the relative strength of accumulation based on the size of entities and the volume of coins acquired over … Read more
Key takeaways: Bitcoin whales have sold 147,000 BTC over the past 30 days. BTC price bear flag targets $100,000 if support breaks. Bitcoin (BTC) whales have offloaded about 147,000 BTC over the past month, and continued selling could further pressure its price for the next few weeks, according to analysts. Large investors offload $16.5 billion … Read more
Key takeaways: Glassnode data flags Bitcoin’s profit-taking metrics as a late bull market cycle signal. Bitcoin capital inflows have weakened, and large profit-taking has peaked since BTC hit $124,000, but a new all-time high could arrive in two to three months. New and short-term holders are accumulating, offsetting the sell pressure. Bitcoin (BTC) has entered … Read more
Nasdaq-listed Fold (FLD) said it was teaming up with Stripe and Visa (V) to launch its first bitcoin-only rewards credit card, giving users a simple way to stack sats on everyday purchases. The Fold Bitcoin Credit Card will run on Visa’s network and use Stripe Issuing’s infrastructure, the company said in the Tuesday press release. … Read more