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Bernstein raises year-end bitcoin price target to $90,000, expects ‘mild’ halving impact on miners
Bernstein raises year-end bitcoin price target to $90,000, expects ‘mild’ halving impact on miners

Bernstein has raised its 2024 price target for bitcoin to $90,000 from $80,000.The analysts continue to see Bitcoin miners as the best equity proxy to the cryptocurrency, suggesting the halving impact seems “relatively mild.”

The Block·2024/03/21 14:38
BTC Price Rebounds Despite The Third Day of Outflows for Bitcoin ETFs
BTC Price Rebounds Despite The Third Day of Outflows for Bitcoin ETFs

The consecutive three-day net outflows have totaled $742 million.

Cryptopotato·2024/03/21 12:25
Flash
  • 22:56
    The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 52.7%
    According to CME "Fed Watch": The probability of the Federal Reserve maintaining the current interest rate until December is 47.3%, and the cumulative probability of a 25 basis point cut is 52.7%. The probability of maintaining the current interest rate until January next year is 37.2%, with a cumulative chance of a 25 basis point cut at 51.6% and a cumulative chance of a 50 basis point cut at 11.3%.
  • 21:32
    The supply of WBTC on Ethereum has decreased by 5,844 in one week
    On November 16, the supply of WBTC on Ethereum was 146,734. By November 24, this number had dropped to 140,890 WBTC, a decrease of 5,844. What's more interesting is that the Ethereum transaction monitor at btcparser.com marked a destruction transaction of 5,182.34 WBTC. The operator of btcparser.com said: "Such a large amount of WBTC circulating on the Ethereum chain is very rare. Interestingly, this time they seem to have been burned."
  • 21:13
    Jupiter: The first Jupuary vote will commence on November 25, seeking a 70% approval rate
    On November 24, Jupiter posted on X stating that the first Jupuary vote will commence on November 25, seeking a support rate of 70%. If this requirement is not met, the team will quickly iterate new votes until they reach the desired support rate milestone. Jupiter added that this is one of its most important votes in history and also one of the most interesting votes in DAO history.
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