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Latest reporting and analysis tagged with bitcoin.
TD Cowen lowered MicroStrategy's stock price target to $440, citing near-term pressure from Bitcoin price weakness. The company recently purchased 13,627 BTC for $1.25 billion and will report Q4 earnings on Feb. 5.
Some investors view cryptocurrency as a hedge against inflation and a portfolio diversifier, citing Bitcoin's fixed supply and independence from traditional systems, despite its volatility and uncertain long-term hedging ability.
MicroStrategy director Carl Rickertsen purchased 5,000 shares worth $779,395, his first buy since 2022, following MSCI's delayed delisting decision.
US Bitcoin ETFs attracted $117 million in new investments in a single day, boosting Bitcoin's price and signaling renewed institutional demand after weeks of uneven trading.
JPMorgan forecasts the Federal Reserve will raise interest rates in Q3 2027, contrasting with crypto analysts' expectations of cuts. Bitcoin's sensitivity to rate expectations is noted.
Bitcoin's recent price action and ETF data indicate a mid-cycle reset, with selling pressure easing and long-term holders absorbing supply as the market stabilizes around $88,000-$92,000.
Bitcoin hovers near $90,000, 30% below its October peak, with BitRiver mining firm predicting continued sideways movement. Institutional outflows and external factors like interest rates and geopolitics contribute to the standoff.