Bitcoin

BlackRock CEO Larry Fink, once a vocal skeptic who called Bitcoin a tool for money laundering, has publicly reversed his stance. Speaking at the DealBook Summit, Fink acknowledged his ‘major turn’ on the cryptocurrency as his firm’s Bitcoin ETF now manages tens of billions of dollars.

Fears that Michael Saylor’s Strategy will be forced to liquidate its Bitcoin holdings are unfounded, according to Bitwise CIO Matt Hougan. The company’s substantial cash reserves and lack of near-term debt mean it can withstand market pressure without selling until at least 2027.

A new analysis highlights a growing tension in the US stock market, where record-high valuations meet cooling economic signals. Analysts warn this combination could make markets vulnerable, with significant potential consequences for Bitcoin’s price.

The crypto market ends the week in the red, with Bitcoin hovering around $91,000. Analysts are divided on the short-term outlook, with some predicting a further dip to $85,000 while others believe the bottom is in. Ethereum and XRP also see losses, though minor recovery attempts are underway.

Despite extreme fear in the crypto market, analyst Michaël van de Poppe argues that the current panic is unjustified. With the Federal Reserve injecting liquidity and key macro indicators turning positive, he believes a major bull run could be imminent.

Bitcoin’s supply on exchanges has fallen to its lowest level in five years, with over 23,000 BTC withdrawn in the past week. This reduction in selling pressure could set the stage for a price recovery, despite the market’s current bearish sentiment.

Bitcoin is trading sideways, struggling to break $94,000 resistance, while altcoins like XRP and Solana see sharper losses ahead of the crucial U.S. PCE inflation report.

A large batch of Bitcoin options worth $3.4 billion is set to expire today, potentially causing market volatility as traders close or adjust their positions.

Ripple CEO Brad Garlinghouse forecasts Bitcoin will climb to $180,000 by the end of 2026. While the prediction is optimistic, market analysts warn of potential vulnerability, citing strong buying pressure and stalling economic indicators.

Users of prediction platform Myriad are overwhelmingly optimistic, with 91% betting against an imminent crypto winter despite recent market declines.