Bitcoin getting to $340,000 this cycle is a "very big ask," but over the past five years, BTC has already won the macro asset returns game, research shows. Key points: Bitcoin will beat its prior cycle’s gains for the first time if it makes it to $340,000 this bull market. While a “very big ask,” such a feat would make BTC the world’s second most valuable asset by market cap. Read more
The IPO is led by Wall Street heavyweights JPMorgan, Jefferies and Citigroup, SEC filings show. Digital asset exchange operator Bullish raised the target valuation for its initial public offering by almost 60% to potentially $990 million, a move that may reflect growing investor appetite amid renewed momentum in crypto-related stocks. Bullish now plans to sell 30 million shares at $32 to $33 apiece, Bloomberg reported Monday, citing recent regulatory filings with the US Securities and Exchange Commission (SEC). That’s nearly 60% higher than the upper range of its earlier target. If the IPO meets expectations, Bullish would debut with a market capitalization of about $4.8 billion — up from the $4.2 billion goal set in early August. Read more
Bitcoin is facing selling near $123,218, but it remains on track to hit a new all-time high as long as it sustains above $117,000. Key points: Bitcoin faces significant selling near its all-time high, but the bulls are keeping price above $120,000, indicating strength. Ether remains strong above its breakout level of $4,094, opening the doors for a further rally. Read more
XRP’s market cap is 2,200 times greater than its total value locked on XRPL, signaling heavy upside speculation among traders. Key takeaways: XRP’s $190 billion market cap far outpaces XRPL’s onchain activity, trading at 2,200x its TVL. Bearish RSI divergence hints at a possible drop toward $2.32. Read more