Author: CryptoPress

Bernstein analysts reiterated a **$150,000 price target** for Bitcoin by 2026 despite a recent 45% market correction. The firm described the current downturn as the “weakest bear case” in the asset’s history, noting a lack of systemic failures or hidden leverage. Institutional support remains robust, with only 7% net outflows from spot Bitcoin ETFs recorded during the price slide. Research and brokerage firm Bernstein has doubled...

Bithumb accidentally distributed approximately 620,000 BTC (worth ~$43 billion) due to a system configuration error during a rewards event. The glitch credited 2,000 BTC per user instead of the intended 2,000 Korean won ($1.40). Localized Bitcoin prices on the exchange plunged 17% as recipients immediately attempted to liquidate the unexpected windfall. The exchange has recovered 99.7% of the assets and pledged to compensate users affected...

Bitcoin surged over 11% to reclaim the $71,000 level after hitting a 16-month low near $60,000 during a volatile Thursday session. The rebound was fueled by a recovery in tech stocks and significant short liquidations in the crypto futures market, totaling over $1 billion in the last 24 hours. Crypto-tied equities like MicroStrategy and Coinbase saw double-digit gains, with MSTR jumping 25% to lead the Nasdaq. Analysts at JPMorgan...

Bitcoin fell below the $70,000 support level for the first time since late 2024, hitting a session low of $69,074. Total market liquidations exceeded $830 million in 24 hours, with leveraged long positions bearing the brunt of the volatility. Analysts cite the nomination of Kevin Warsh for Federal Reserve Chair and high miner production costs as primary bearish catalysts. Bitcoin plummeted below the critical $70,000 mark on Thursday,...