Analysts see 63% upside for Bitcoin and project $485 price target for the stock Investment bank Citi has initiated coverage of MicroStrategy (MSTR) with a “Buy/High Risk” rating and a $485 price target, framing the company as a leveraged play on Bitcoin’s performance. The bank’s outlook suggests a 63% potential upside for the world’s largest cryptocurrency over the next 12 months. According to Citi’s research note released Tuesday, the target aligns with the bank’s base-case Bitcoin forecast of $181,000, compared to current levels near $113,000. Analysts project that MicroStrategy’s stock could maintain a 25–35% net asset value (NAV) premium, consistent…
Author: Blockto Team
Crypto Market Momentum Strengthens While Gold Faces a Sharp Pullback The global financial markets witnessed a dramatic divergence this week as Bitcoin surged past $114,000, while gold prices dropped to around $4,000 and Ethereum climbed above $4,100. The movement highlights a shifting trend in investor sentiment as capital rotates from traditional safe-haven assets into digital alternatives. On the technical charts, Bitcoin’s strong rebound came after retesting a major demand zone near $104,000, a level that has historically acted as a key accumulation area. Analysts note that the breakout above the $110,000 resistance marks the beginning of a potential continuation phase,…
Internet Computer Faces Strong Downtrend with Bears Targeting Sub-$3 Levels Amid Broader Market Weakness Internet Computer (ICP) has extended its decline this week, sliding to around $3.09 on the daily chart after a sharp reversal from the $4.40 resistance area. The token has shed more than 63% from its recent swing high, signaling renewed bearish control across the broader altcoin market. ICP Technical Analysis: Testing Major Support Zone Based on the current chart structure, ICP has broken down from a prolonged consolidation range, falling through key support near $3.40–$3.20. The orange zone between $2.80 and $3.10 now serves as the…
Crypto market shows resilience amid sharp drop in precious metals, signaling renewed investor appetite for digital assets The cryptocurrency market surged higher this week, with Bitcoin (BTC) climbing above $113,000 and Ethereum (ETH) crossing the $4,000 threshold. The rally comes as gold and silver prices plunged, reflecting a shift in investor sentiment from traditional safe-haven assets toward risk-on digital investments. Bitcoin’s recent breakout marks a return to bullish momentum after weeks of consolidation. On the daily chart, BTC has reclaimed the mid-range zone near $113,000, with technical support established around the $107,000–$108,000 area. Analysts say this rebound reflects renewed institutional…
Joseph Lubin–led firm signals renewed confidence in Ethereum amid crypto market correction Sharplink Gaming, the Nasdaq-listed digital asset treasury company founded by Ethereum co-founder Joseph Lubin, has resumed its Ethereum (ETH) accumulation after a brief pause — marking its first purchase since late August. According to company disclosures, Sharplink acquired 19,271 ETH worth over $75 million, funded by a $76.5 million direct stock offering. The transaction, executed at an average price of $3,892 per token, pushes the company’s total holdings to 859,853 ETH, now valued at approximately $3.5 billion alongside $36.4 million in cash reserves. Sharplink’s stock price remained largely…
The Bank of England will launch a consultation on stablecoin regulation in November, aiming to finalize a US-style regime by 2026. UK Prepares US-Aligned Stablecoin Rules The Bank of England (BoE) is preparing to launch a consultation on stablecoin regulation this November, signaling the country’s intent to align its rules with the United States’ approach to fiat-backed crypto assets. According to a Bloomberg report, the BoE aims to finalize a full regulatory framework by the end of 2026, ensuring that stablecoin issuers meet standards similar to those in the US — including holding short-term government bonds or bills as reserves.…
Arkham data shows the Elon Musk–led company transferred 2,495 BTC, sparking speculation over motive SpaceX has moved roughly 2,495 BTC — valued at around $268.5 million — to two unmarked addresses, marking its first significant bitcoin transfer since July, according to on-chain analytics platform Arkham Intelligence. The transfer, which occurred early Tuesday, represents the first material adjustment to SpaceX’s bitcoin reserves since June 2022, when the company’s total holdings stood near 8,285 BTC. So far, the destination addresses have not shown any subsequent activity, suggesting the assets have not been sold or traded. First Movement in Over a Year Raises…
The Solana-based launchpad continues to lead the memecoin creation market, holding a 95% share of daily token graduations even as overall volumes decline. Pump.fun Strengthens Its Lead in Token Launch Market Pump.fun has reaffirmed its position as the undisputed leader in the token launchpad space, generating approximately $1 million in daily revenue despite a notable slowdown in overall market activity. According to recent data, the platform now controls 95% of the daily token graduation market share, signaling a strong rebound from earlier this year when rivals like LetsBonk, Believe, and Moonshot briefly challenged its dominance. While the broader launchpad market…
After a sharp move upward, XRP faces profit-taking near the $2.70 level as traders react to supply pressure and weakening momentum. XRP’s bullish momentum has cooled after a 7% surge, with price pulling back from a major resistance zone visible on the daily chart. Data from Binance shows XRP recently touched the $2.70–$3.00 range, a zone that has historically triggered heavy selling pressure. Technical indicators highlight that the pullback is largely due to profit-taking activity and a lack of volume confirmation on the breakout. As a result, XRP is now consolidating near the $2.40 level, retracing toward a strong demand…
The acquisition — Coinbase’s eighth this year — brings Echo’s token sale platform Sonar into its expanding onchain ecosystem. Coinbase Expands Its Onchain Reach with Echo Buyout Coinbase Global is set to acquire Echo, a fast-growing onchain private investment platform, for $375 million, according to a Wall Street Journal report published Tuesday. The acquisition will be financed through a combination of cash and Coinbase stock, with full details expected later today. Echo’s founder Jordan Fish, widely known in the crypto community by his pseudonym Cobie, confirmed the deal on X (formerly Twitter), writing: The acquisition marks a major step in…