Fidelity’s director of macro is predicting a Bitcoin bottom near $65,000 in 2026, but remains a “secular bull” despite predicting an end to the current four-year cycle. Bitcoin may have ended its historical four-year cycle, signaling an incoming year of downside, despite widespread analyst expectations for an extended cycle driven by regulatory tailwinds. Bitcoin’s (BTC) $125,000 all-time high on Oct. 6 may have signaled the top of the current four-year Bitcoin halving cycle, both in terms of “price and time,” according to Jurrien Timmer, the director of global macroeconomic research at asset management firm Fidelity. “While I remain a secular bull on Bitcoin, my concern is that Bitcoin may well have ended another 4-year cycle halving phase,” wrote Timmer in a Thursday X post. “Bitcoin winters have lasted about a year, so my sense is that 2026 could be a “year off” (or “off year”) for Bitcoin. Support is at $65-75k.” Read more
Bitcoin headed higher despite the Bank of Japan's interest-rate hike while reactions saw bullish risk-asset signals and no further policy tightening. Bitcoin (BTC) aimed for $88,000 on Friday after Japan’s central bank raised interest rates to 30-year highs. Key points: Bitcoin joins US stocks futures heading higher in a curiously bullish reaction to Japan’s interest-rate hike. Read more
Cypherpunk Adam Back dismissed concerns that quantum computing poses a threat to Bitcoin, arguing the technology is still “ridiculously early.” The response from Bitcoin developers on the risk of quantum computing to the cryptocurrency is weighing down its price and affecting capital flow, crypto industry executives have argued. Adam Back, a cypherpunk the and co-founder of Bitcoin infrastructure company Blockstream argued in a series of X posts on Thursday that it is good for Bitcoin (BTC) to be “quantum ready,” but it won’t be a threat for the next few decades, as the technology is still “ridiculously early,” and has research and development issues. He predicts there will be no risks in the next ten years and even if some parts of Bitcoin’s encryption were broken, it does not rely on encryption for its core security model and “it’s not going to result in Bitcoin being stolen on the network.” Read more
Bitcoin briefly clinched $90,000 after the November Consumer Price Index report showed a drop in US inflation, but the essential components for an extended rally remain elusive. Bitcoin (BTC) moved closer to reclaiming $90,000 after US inflation cooled more than expected, with the November CPI coming in at 2.7% year-over-year versus forecasts of 3.1%. The softer print narrows the gap to the Federal Reserve’s 2% target, easing near-term inflation pressure and reviving risk appetite across markets. Key takeaways: The lower-than-expected CPI print generated a positive response from Bitcoin as new positions opened versus the usual short covering. Read more
Bitcoin tagged $89,500 as US CPI data revealed sudden multiyear lows in inflation, but liquidations stayed high as the BTC price spiked. Bitcoin (BTC) ramped up volatility into Thursday’s Wall Street open as markets reacted to surprise US inflation data. Key points: Bitcoin traders weather more snap BTC price volatility as CPI surprises to the downside. Read more
Tether CEO Paolo Ardoino says an AI-driven bubble could shake Bitcoin, and shares his outlook on Europe, DATs and tokenization in 2026. Paolo Ardoino, CEO of Tether, the issuer of the world’s largest stablecoin, has raised concerns about how a potential AI bubble could affect Bitcoin by 2026. Ardoino shared his outlook on Bitcoin (BTC) and the broader crypto industry on Thursday during the Bitcoin Capital podcast, co-hosted by Bitfinex Securities and Blockstream. The executive said he sees Bitcoin “still too much correlated” to capital markets, thus potentially being impacted by the AI bubble, or a theorized stock market bubble growing amid the current AI boom. Read more
The likelihood of a Bitcoin correction to $70,000 has increased, but one analyst said the price drop would confirm a macroeconomic reset, rather than the start of a new bear market. Bitcoin’s (BTC) recent price weakness has revived investors’ concerns of a deeper downturn, but several market analysts argue that an extended correction may be more constructive over the longer term. Key takeaways: Analysts say Bitcoin’s downside risk is centered about $65,000 to $75,000. Read more
Bitcoin took out liquidity at the Wall Street open as a move above $90,000 was followed by a snap retracement, liquidating late long and short entries. Bitcoin (BTC) returned to $90,000 after Wednesday’s Wall Street open as traders eyed vulnerable short positions. Key points: Bitcoin erases recent losses with a fresh trip to the $90,000 mark. Read more
The 15-year agreement anchors Hut 8’s shift toward long-duration AI infrastructure revenue as hyperscalers seek power-first compute capacity. Bitcoin mining company Hut 8 signed a 15-year, $7 billion lease to deliver 245 megawatts of artificial intelligence data center capacity at its River Bend campus in Louisiana, marking one of the biggest infrastructure agreements between a crypto-native company and hyperscale AI demand. Hut 8 announced on Wednesday that infrastructure provider Fluidstack will lease the capacity, while Google will provide a financial backstop covering lease payments and related obligations over the 15-year base term. This means that Google will cover the payments if Fluidstack is unable to pay the costs. “River Bend reflects the strength of Hut 8’s power-first, innovation-driven development model, validated by the world-class counterparties we are executing alongside,” said Hut 8 CEO Asher Genoot, adding that the agreement was a result of disciplined and patient execution. Read more
A whale moved 4,000 Bitcoin to Binance, sparking fresh fears of a deeper BTC price drop if the $81,500 support level is lost. Bitcoin’s (BTC) market is at a “crucial moment” after breaking key long-term support levels, coinciding with large BTC transfers from a digital asset treasury company to a major exchange. Key takeaways: Bitcoin risks plunging into a bear market if it breaks below the True Market Mean at $81,500. Read more