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Tag: Breaking

Bernstein Calls Bitcoin Bottom, Reaffirms $150,000 Price Target for 2026

Bernstein analysts believe Bitcoin has found its local trough and is now positioned for a move toward $150,000 by year-end 2026. The firm points to resilient institutional demand and spot Bitcoin ETF inflows, which have absorbed over $56 billion to date. MicroStrategy (Strategy) continues to act as a “central bank of last resort” for Bitcoin, now holding approximately 3.6% of the total circulating supply. Bernstein’s research...

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Bitcoin and Gold Swap Roles as Geopolitical Tensions Shift Investor Appetite

Bitcoin has risen 10% since late February, while gold prices have plunged 15% to $4,407.37 per ounce in a rare safe-haven reversal.U.S. spot Bitcoin ETFs recorded $2.5 billion in net inflows this month, contrasted by massive outflows from major gold tracking funds like GLD. The shift suggests a growing institutional acceptance of Bitcoin’s fixed supply of 21 million as a hedge against global instability. In a significant departure from...

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Solana Unveils AI-Ready Developer Platform for Banks with Mastercard and Western Union

The Solana Foundation launched the Solana Developer Platform (SDP) on Tuesday, a unified API interface designed to streamline blockchain integration for financial institutions. Early adopters include Mastercard, Western Union, and Worldpay, focusing on stablecoin settlement and cross-border payments. The platform features three core modules: Issuance, Payments, and a forthcoming Trading module, supporting GENIUS-compliant stablecoins and...

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Gold Prices Plummet as Trump-Led Market Recovery Shakes Safe-Haven Thesis

Spot gold has fallen 25% from its January all-time high of $5,594, touching intraday lows near $4,098. A Trump-stoked equity turnaround saw the Dow Jones jump over 800 points, draining liquidity from precious metals. Analysts cite margin calls and a “dash for cash” as investors liquidate gold to cover losses in other asset classes. Gold prices suffered an aggressive correction on Monday, as spot gold surrendered one-fourth of...

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Bitcoin briefly hits $71,000 as Trump announces pause on Iran strikes

Bitcoin surged over $71,000 on Monday following a social media announcement from President Donald Trump regarding a five-day pause on planned military strikes against Iran. The market rally followed what Trump described as “very good and productive” talks with Tehran, providing a temporary reprieve from a 48-hour ultimatum to reopen the Strait of Hormuz. The sudden price spike triggered approximately $791 million in leveraged...

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