Bitcoin extended its sharp sell-off on Thursday, briefly falling below $67,000 to its lowest level since November 2024. The renewed pressure follows a notably bearish outlook from investment bank Stifel, which warns the cryptocurrency could decline an additional 43% toward $38,000, citing a toxic mix of macroeconomic headwinds, regulatory stagnation, and evaporating institutional demand.
about Bitcoin Plunges Below $67K as Stifel Warns of $38K TargetWalter Bloomberg
1 posts last weekBitcoin as Geopolitical Hedge Amid Rising Global Tensions
As geopolitical instability reshapes global finance, Bitcoin is gaining recognition as a neutral reserve asset alongside traditional safe havens like gold. Analysts point to BTC’s resilience during periods of uncertainty, with its decentralized nature offering monetary insurance beyond state-controlled systems. Recent price movements reflect shifting investor sentiment amid trade fragmentation and currency weaponization.
about Bitcoin as Geopolitical Hedge Amid Rising Global TensionsFed’s QT End Signals Crypto Bull Run, Analyst Says
Federal Reserve Chair Jerome Powell’s recent comments have sparked a major shift in crypto market sentiment, with analyst Kevin Capital TA arguing that the central bank has effectively signaled the end of quantitative tightening—a development that historically unlocks altcoin outperformance and could fuel the next broad crypto rally. This macro liquidity pivot, coming just days after significant market turbulence, represents what the analyst calls a “critical stage in the history of crypto” with profound implications for Bitcoin, Ethereum, and alternative cryptocurrencies.
about Fed's QT End Signals Crypto Bull Run, Analyst SaysBitcoin Faces Short-Term Challenges Amid Long-Term Optimism from Analysts
Standard Chartered warns of potential further declines for Bitcoin, predicting a drop to the low $80,000s after falling below $90,000 amid macroeconomic pressures and security concerns. Despite this short-term pain, analysts maintain a bullish long-term outlook, forecasting a price target of $500,000 by 2029, driven by scarcity, institutional adoption, and regulatory clarity. Currently, Bitcoin trades at $88,676, reflecting a 3.58% decline in the past day.
about Bitcoin Faces Short-Term Challenges Amid Long-Term Optimism from AnalystsStandard Chartered forecasts Bitcoin could reach 500000 by 2029
Standard Chartered forecasts Bitcoin could reach $500,000 by 2029, driven by institutional adoption from banks, hedge funds, and sovereign wealth funds. With spot Bitcoin ETFs absorbing 499,000 BTC in 2024 and significant investments from entities like Abu Dhabi’s sovereign fund, the evolving investor base is set to enhance Bitcoin’s stability and growth.The changing regulatory landscape, including the repeal of SAB 121, allows banks to hold digital assets, further encouraging institutional investments. As pension funds currently hold just 1% of Bitcoin ETF assets, this figure is expected to rise, signaling a shift from speculative to serious financial instruments.
about Standard Chartered forecasts Bitcoin could reach 500000 by 2029Bitcoin Drops to 94000 Amid Surprising Inflation Data and Geopolitical Tensions
Bitcoin dropped sharply to $94,000 following a higher-than-expected US Consumer Price Index (CPI) report, which indicated a 0.5% increase in January, surpassing forecasts. This inflation data, coupled with geopolitical tensions and reduced expectations for Federal Reserve rate cuts, has raised concerns about further declines in BTC.Market analysts suggest that ongoing friction between the Federal Reserve and political figures could increase volatility, potentially pushing Bitcoin down to $92,000. Despite this, some reports speculate a possible surge to between $145,000 and $249,000 under the current administration.
about Bitcoin Drops to 94000 Amid Surprising Inflation Data and Geopolitical TensionsMovement Network Launches MOVE Token Amid Trump-Linked DeFi Activity
MOVE, the utility token of the Ethereum layer-2 network Movement, surged to $0.89 after World Liberty Financial, a DeFi platform linked to Donald Trump, purchased $1.9 million worth. Despite a slight retracement, MOVE remains up 7% on the day, leading the top 100 tokens tracked by CoinGecko.The Movement Network Foundation recently launched MOVE with an $830 million airdrop, while World Liberty Financial also acquired $47 million in Wrapped Bitcoin. Amidst these developments, rumors surfaced about Movement Labs potentially collaborating with Elon Musk’s Department of Government Efficiency to explore blockchain applications for transparency in government spending.
about Movement Network Launches MOVE Token Amid Trump-Linked DeFi Activity