Crypto News
Bitcoin Market Projection for 2025
Price outlookOur analysis for 2025 forecasts bitcoin reaching a target of $150,000 in the first half of the year. However, an initial pullback may occur in Q1 if the newly inaugurated Trump administration fails to introduce the anticipated “Strategic Bitcoin Reserve” at the pace expected by the fast-moving crypto market.Even without a fully implemented reserve strategy, bitcoin is expected to rally, driven by bullish momentum. We anticipate the price to enter the $130,000–$150,000 range by Q2 of 2025, supported by strong market catalysts.You're reading Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Wednesday.Key catalysts driving growthRegulatory progress: With major regulatory barriers cleared...
China’s DeepSeek AI Is Good for Bitcoin, Says Standard Chartered
DeepSeek "actually lowers inflation and is good for risk assets (like Bitcoin) which have no-AI presence,” the bank said.Source link
DCG Spins Off Fortitude Mining to Focus on Digital Asset Ventures
Digital Currency Group (DCG) has launched Fortitude Mining, a subsidiary focused on mining bitcoin and emerging digital assets, on Jan. 29, 2025, appointing former Foundry executive Andrea Childs as CEO. Fortitude Mining, New DCG Subsidiary, Targets Bitcoin and Emerging Crypto Assets According to the announcement shared with Bitcoin.com News, Fortitude Mining will operate as aSource link
Bitcoin Miner Riot Platforms Targeted by Second Activist Investor: Reuters
Bitcoin miner Riot Platforms (RIOT) finds itself a target of a second activist investor, with Reuters reporting investment management giant D.E. Shaw as having taken an unspecified stake.The move by D.E. Shaw, which manages $70 billion in assets, comes just weeks after another activist investor, Starboard Value (roughly $9 billion in AUM), took a position in Riot. At the time of Starboard's investment, the WSJ reported the investor as pushing Riot to convert some of its bitcoin mining sites into data centers that could host machines to enable high-performance computing (HPC) for big tech companies.
Reuters didn't specify if D.E. Shaw will put similar pressure on the miner. However, the report noted, the investment firm has been known to sometimes...
Fairshake’s Florida Wins Likely to Amp Up List of Crypto-Supported Allies in Congress
The crypto political action committee that stunned U.S. politics last year, Fairshake, successfully weighed in again in a pair of Florida special elections to replace Republican members of Congress, likely adding to its list of lawmakers who have the industry to thank for campaign support.A primary election closed Tuesday night, giving pro-crypto candidates supported by $700,000 in Fairshake money overwhelming victories in both seats. Florida's 1st District vacated by former Representative Matt Gaetz and 6th District vacated by former Representative Mike Waltz are both staunchly Republican, meaning the primary winners — Jimmy Patronis in the 1st and Randy Fine in the 6th — are likely to move on to general-election wins in the April 1 ballot.The two Florida seats in...