Key Takeaways Bloomberg’s Mike McGlone warns of Ethereum sustained downside risk. Other strategists disagree on the near-term outlook. The predictions come amid the ERC-8004 announcement. A prominent Bloomberg analyst has issued a bearish outlook on Ethereum’s price, warning that the world’s second-largest cryptocurrency could fall below $2,000 and struggle to regain higher levels. Bloomberg Analyst Flags Ethereum Price Risks Bloomberg Intelligence senior commodity strategist Mike McGlone said E ...

Core Insights - Tether Holdings has significantly increased its gold reserves, now holding approximately 140 tons, positioning itself as a major player in the gold market [1][3][6] - The company aims to compete with traditional banks in bullion trading, indicating a strategic shift towards becoming a key player in the gold sector [1][5] Group 1: Gold Accumulation - Tether purchased over 70 tons of gold in the past year for its reserves and its gold-backed stablecoin, XAUT, surpassing the holdings of the three largest exchange-traded funds [2] - The current value of Tether's gold reserves is estimated at $23 billion, making it the largest known treasury outside of central banks, ETFs, and private banks [3] - The company has been accumulating more than a ton of gold weekly and plans to continue this trend for the foreseeable future, assessing demand quarterly [3] Group 2: Storage and Security - Tether stores its gold in a former nuclear bunker in Switzerland, which is heavily secured, highlighting the company's commitment to the safety of its assets [4] Group 3: Market Position and Trading Intentions - Tether is looking to trade gold and compete with major financial institutions like JPMorgan Chase & Co. and HSBC, aiming for stable long-term access to gold [5] - Following the announcement of its gold holdings, Tether's gold-backed stablecoin, XAUT, experienced a price increase of 3.99% in 24 hours, with significant weekly and monthly gains [5]

Currently, NASDAQ:COIN is trading at $210.83, reflecting a decrease of 1.24% or $2.65. The stock has fluctuated between $207.77 and $213.56 today. Over the past year, COIN has reached a high of $444.65 and a low of $142.58. With a market capitalization of approximately $56.85 billion and a trading volume of 7.41 million shares, Coinbase remains a significant player on the NASDAQ exchange. Coinbase Global, Inc. (NASDAQ:COIN) is a leading cryptocurrency exchange platform that facilitates the buying, selling, ...

Seeker’s post-launch momentum has faded fast. After topping near $0.067, the Seeker price is now down almost 70%, trading around $0.024. That drawdown has erased most of the early excitement. While the token is still well above its launch base, price action shows buyers stepping aside rather than defending levels. The key question is no longer upside potential. It is whether Seeker can avoid another leg lower. Right now, that outcome no longer depends on bulls. It depends on bears. Momentum And Flow Signa ...

As the race for the next Federal Reserve Chair heats up, BlackRock's Rick Rieder has suddenly emerged as the new frontrunner on prediction markets to lead the central bank. And if President Trump does tap Rieder for the role, it could be a huge moment for the crypto industry, as BlackRock's chief investment officer for global fixed income isn't just a "crypto curious" but an outspoken advocate for the digital assets. In fact, he might be a bitcoin bull. He said as far back as 2020 — in much earlier day ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Anthony Scaramucci, founder of SkyBridge Capital, praised the Trump administration for its positive impact on the cryptocurrency sector on Sunday, describing it as better than what Joe Biden or Kamala Harris would deliver. Scaramucci Praises Trump's Crypto Vision In an X post, Scaramucci shared a clip from a recent interview in which he lauded President Donald Trump’s foresight in recognizing the potentia ...

Market Overview - The crypto market is experiencing volatility, with Bitcoin (BTC) falling 7% last week, marking its largest loss in two months, and dropping below a bullish trendline that had supported its rise from $20,000 to a record $126,000 [1] - Bitcoin's price rebounded to nearly $88,000 from a weekend low of around $86,000, indicating a mild recovery despite the overall bearish sentiment [2] Institutional Activity - There is a noticeable decline in institutional interest in cryptocurrencies, as evidenced by a net outflow of $1.33 billion from U.S. spot ETFs last week, the highest outflow in 11 months [3] - On the following Monday, these ETFs only attracted $6.84 million, further highlighting the weakening appetite for crypto investments [3] Derivative Market Insights - Speculators are currently favoring precious metals over cryptocurrencies, leading to a crowded trade in downside protection through put options, while call options for Bitcoin are trading at lower prices, presenting potential opportunities for bullish investors [4][5] - Matthew Siegel from VanEck notes that the current market conditions offer a discount for upside exposure through Bitcoin call options, suggesting a potential bounce in prices for those with a bullish outlook [5] Broader Economic Context - In traditional markets, gold and silver are trading at all-time highs, while the Dollar Index is at its lowest since September of the previous year, indicating a shift in investor focus [6] - South Korea's Kospi index has risen 20% year-to-date, following a significant 75% increase last year, which historically has correlated with downward movements in Bitcoin prices [7]

Core Insights - Bitcoin price has not met traders' expectations, with Q4 2025 being particularly disappointing as the anticipated December surge did not occur [1] - There is a significant risk of Bitcoin dropping below $87,000, which would mark the first time since late 2018 that the BTC USD price has closed in the red for four consecutive months [2] - Despite bearish market conditions, Strategy (formerly MicroStrategy) remains committed to Bitcoin, purchasing $264 million worth during a price dip [3][4] Company Actions - Strategy acquired 2,932 BTC between January 20 and 25 at an average price of $90,061, increasing their total holdings to 712,647 BTC [4] - In the first two weeks of January, Strategy purchased over $1.3 billion of BTC, with additional purchases of $2.13 billion between January 12 and 19, primarily funded through an equity offering program [5] - Strategy's Bitcoin holdings now represent approximately 3% of all Bitcoin that will ever exist, making them the largest holders among public companies globally [6] Market Dynamics - The current Bitcoin price is fluctuating between $87,000 and $90,000, indicating a cautious market sentiment despite some buyer confidence [3] - The volatility in Bitcoin prices is viewed by institutional investors as an opportunity rather than a deterrent, with large players aiming to accumulate Bitcoin before demand increases [7] - MicroStrategy's stock has historically performed well, serving as a proxy for Bitcoin investment, allowing institutions to gain exposure without managing wallets [7]

Core Insights - XRP is experiencing market pressure due to macroeconomic concerns, particularly surrounding the upcoming Federal Reserve meeting, despite a significant partnership with DXC Technology [1][4] - The trading range for XRP has been between approximately $1.82 and $1.94, with a spot volume of around $3.2 billion and a market value close to $115 billion, maintaining its position as the fifth-largest cryptocurrency [2][3] - The integration of Ripple's custody and payments tools, including XRP, into DXC's Hogan banking system, which serves over 300 million accounts and manages more than $5 trillion in deposits, signifies a strong move into traditional finance [5] Market Dynamics - The Federal Open Market Committee is expected to keep interest rates in the 3.50%–3.75% range, contributing to the pressure on risk assets, including cryptocurrencies [3] - Recent political tensions and a criminal investigation into the Federal Reserve Chair have added uncertainty to the market, impacting risk assets [4] Technical Analysis - XRP's price movements show a pattern of higher highs and higher lows, indicating a potential continuation of the upward trend following an ABC correction [6] - The recent price action suggests that XRP is poised for further gains, as dips have been shallow and momentum has quickly returned after pullbacks [6]

Core Viewpoint - The CoinShares Bitcoin Mining ETF (WGMI) is highlighted as a significant investment opportunity due to its strong performance and growing interest among financial advisors in cryptocurrency equity exposure [2][3][5]. Performance Summary - WGMI has shown impressive returns: up over 300% in 2023, 72.5% in 2025, and 23.5% in 2024, with a current year-to-date increase of more than 33% [6][18]. - The fund is recognized as one of the best-performing non-leveraged ETFs, indicating strong market demand for crypto mining investments [5][6]. Advisor Insights - Financial advisors are increasingly favoring crypto equity ETFs like WGMI over direct cryptocurrency exposure, reflecting a shift in investment strategies [3][4]. - A recent survey indicated that advisors see crypto equity as a promising area for investment in the coming year [2][3]. Risk and Diversification - WGMI is characterized as a high-risk, high-reward investment, suitable for those willing to accept volatility in exchange for potential returns [7][9][13]. - The fund provides diversification by holding a portfolio of several dozen individual mining stocks, which can mitigate some risks associated with individual companies [9][17]. Expense Ratio and Management - The fund has an expense ratio of 0.75%, which is considered moderate for thematic ETFs, and investors are willing to accept this due to the expertise of CoinShares in the crypto space [14][15][16]. - The management emphasizes the importance of understanding the fee structure in relation to the fund's performance [16]. Long-term Expectations - Investors are advised to manage expectations regarding future performance, as past returns may not be indicative of future results [19][21]. - The potential for continued growth in cryptocurrency demand is highlighted, but investors should be prepared for possible downturns [20][21].