News with the tag "Analyst Reports"

Bitcoin is back above the $61,000 mark following a weaker-than-expected U.S. jobs report, which weakened the dollar.

MicroStrategy could boost its earnings by over $3 billion if it chooses to adopt new accounting rules, according to Benchmark.

Benchmark has initiated coverage of bitcoin miner Hut 8, giving the company a "buy" rating and a price target of $12.

Crypto-related companies started the week on a positive footing, with Coinbase and MicroStrategy gaining 8% and 12% respectively.

Oppenheimer has reiterated its buy rating for Coinbase stock and increased its price target to $276, up from a previous target of $200.

The Morgan Creek Capital CEO told CNBC he thinks the upcoming halving could spur Bitcoin to more than double in price by the end of 2024.

Bitcoin barely moved on Wednesday after the U.S. Federal Reserve decided to keep interest rates at their current levels.

Crypto investment products have seen a net outflow of around $424 million since Monday, according to data from CoinShares.

Bitcoin's price is experiencing a short-term correction after an increase in the circulating supply of BTC that is in profit, an analyst said.

Bitcoin could see an increase in capital inflow if the Federal Reserve decides to pause interest rates again at its December meeting.