Tag: News

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...