🔍 🔴😞 Market Analysis — 6-11-18

The crypto markets are reeling as Bitcoin sinks below the symbolic $100,000 line for the first time since June, triggering more than just numbers on a screen—the mood across trading desks turned outright anxious. Fleeting hopes of a swift rebound evaporated with heavy liquidations, as nearly $1... ... Read full 🔴😞 Market Analysis — 6-11-18

JPMorgan’s Analyst Says Bitcoin Needs to Hit $170k to Match Gold’s Private Investment Value

JPMorgan’s Analyst Says Bitcoin Needs to Hit $170k to Match Gold’s Private Investment Value

JPMorgan has predicted a parabolic rally for Bitcoin in the next 6-12 months. According to Nikolaos Panigirtzoglou, a strategist at JPMorgan, the Bitcoin price would need to rally towards $170,000 to match Gold’s private investment value.Since hitting ,377 per ounce, the gold price has dropped arou

Bitcoin's relief rally stalls. Why a return to record highs by year-end now seems unlikely.

Bitcoin's relief rally stalls. Why a return to record highs by year-end now seems unlikely.

By Frances YueBitcoin is struggling after it fell below the key $100,000 level earlier this weekBitcoin is trading nearly 20% off of its record high reached on Oct. 6.Bitcoin's attempt at a relief rally stalled on Thursday, as U.S. stocks fell and some speculative corners of the market showed renewe

Fundstrat’s Tom Lee Backs Bitcoin Price To $200,000 By The End Of The Year

Fundstrat’s Tom Lee Backs Bitcoin Price To $200,000 By The End Of The Year

With barely 60 days till the end of the year, Fundstrat’s Tom Lee has tipped Bitcoin to finish the year on a solid footing after October’s seismic crash.

Cathie Wood trims bitcoin bull case by $300,000 as stablecoins ‘usurp’ part of its key use case

Cathie Wood trims bitcoin bull case by $300,000 as stablecoins ‘usurp’ part of its key use case

ARK Invest CEO Cathie Wood said Thursday that stablecoins have overtaken part of the role her firm once expected bitcoin to play, trimming roughly $300,000 from her prior long-term bull case for the cryptocurrency.Speaking with CNBC "Squawk Box" hosts Andrew Ross Sorkin and Joe Kernen, Wood said sta

Cross-chain trading app Fomo raises $17 million in round led by Benchmark

Cross-chain trading app Fomo raises $17 million in round led by Benchmark

New cross-chain trading app Fomo said on Thursday it raised $17 million in a Series A round led by Benchmark."While crypto infrastructure has consistently improved, user experience has remained an afterthought. This has led to fragmentation—incompatible chains, wallets, liquidity, and users scattere

Central Bank of Ireland fines Coinbase Europe $25 million for breaching anti-money laundering monitoring obligations

Central Bank of Ireland fines Coinbase Europe $25 million for breaching anti-money laundering monitoring obligations

The Central Bank of Ireland has fined Coinbase Europe Limited, part of the Coinbase Group, €21,464,734 ($24.7 million) for breaching its anti-money laundering and counter-terrorist financing transaction monitoring obligations between April 2021 and March 2025.As a virtual asset service provider (VAS

Bitcoin ‘$68K too low’ versus gold says JPMorgan as BTC, stocks dip again

Bitcoin ‘$68K too low’ versus gold says JPMorgan as BTC, stocks dip again

Key points:Bitcoin joins US stocks in erasing its latest gains as market nerves heighten over US economic cues.Fed interest rate cut odds slowly increase, but analysis says that risk assets could get a nasty surprise.JPMorgan now sees Bitcoin as undervalued against gold.Bitcoin wobbled below $102,0

Synthetic stablecoin USDX depegs below $0.60, PancakeSwap and Lista monitoring the situation

Synthetic stablecoin USDX depegs below $0.60, PancakeSwap and Lista monitoring the situation

USDX, a synthetic stablecoin issued by Stable Labs, suffered a major depeg on Thursday. The token, which had an all-time circulating supply of $683 million, is trading below $0.60, raising concerns about possible knock-on effects in protocols where it’s integrated. Already, Lista DAO, an onchain len

$100B in old Bitcoin moved, raising ‘OG’ versus ‘trader’ debate

$100B in old Bitcoin moved, raising ‘OG’ versus ‘trader’ debate

Key takeaways:Over $104 billion in long-held Bitcoin has moved since 2024, sparking debate on whether older BTC investors are exiting the market for good.Onchain data shows most moved Bitcoin was from short-term holders, not older addresses.Bitcoin’s (BTC) price dip from $126,000 to $100,000 coincid

Jurors ask pointed questions in MEV bot trial as deliberations proceed

Jurors ask pointed questions in MEV bot trial as deliberations proceed

The jury deciding the fate of two men accused of money laundering and fraud related to a $25 million exploit of the Ethereum blockchain has submitted a series of detailed questions to the judge as they deliberate, indicating a close scrutiny of key points in the case.On Wednesday, jurors in the crim

Dogecoin Bull Run Ends If Rally Doesn’t Start Now, Analyst Warns

Dogecoin Bull Run Ends If Rally Doesn’t Start Now, Analyst Warns

Crypto analyst VisionPulsed says Dogecoin’s window for a cycle-defining advance has narrowed to weeks, arguing that a failure to pivot higher in November would likely end the current bull-side setup and shift the conversation to downside risk in 2026.In a late-November 5 video, the analyst framed Bi

Google Finance to roll out Polymarket and Kalshi prediction markets data in search results

Google Finance to roll out Polymarket and Kalshi prediction markets data in search results

As prediction markets continue to hit the mainstream, the leading platforms just announced a major partnership.Google said prediction markets data from both Polymarket and Kalshi will roll out over the coming weeks, starting with Labs users, "so you can ask questions about future market events and h