Ecash, a cryptocurrency focused on payments, is on the verge of implementing 
Avalanche pre-consensus, a new development that brings almost instant finality 
to transactions using Ecash’s Nakamoto/Avalanche hybrid consensus. The 
development marks a milestone for Ecash, as it is the first time this has been 
implemented by a proof-of-work network. XEC Ready to Launch Avalanche […]

Avalanche Pre-Consensus Brings Near-Instant Finality to XEC

Cathie Wood’s investment company ARK Invest is back to buying Circle, making 
the first share purchases since dumping 1.7 million shares in June.

Cathie Wood’s ARK bags $46M of Circle stock as price dips below $90

Bitcoin ETFs saw $866 million in outflows as the US shutdown ended, pushing 
BTC to a six-month low and raising new concerns over market structure and 
investor demand.

Bitcoin ETFs bleed $866M in second-worst day on record, but some analysts still bullish

JPMorgan has put a numerical marker under this Bitcoin cycle, telling clients 
that the market’s “pain threshold” now sits near $94,000 — a level the bank 
frames as both a mining-economics floor and an answer to the question of how 
low spot can realistically trade before fundamentals start to bite. According 
to reporting by The Block, the analyst team led by Nikolaos Panigirtzoglou 
argues that “Bitcoin’s downside from current levels appears to be ‘very 
limited,’” because they “see its support price at around $94,000.” How Low Can 
Bitcoin Go? The core of the call is JPMorgan’s updated estimate of Bitcoin’s 
production cost. In their latest note, cited by The Block, the analysts say 
the all-in cost to mine one bitcoin has risen from about $92,000 to roughly 
$94,000 as network difficulty has surged over recent months. That jump in 
difficulty forces miners to deploy more hashpower per block, lifting the 
marginal cost per coin. The team reiterates a framework they have used in 
prior cycles, stressing that “the bitcoin production cost has empirically 
acted as a floor for bitcoin,” so a higher cost mechanically pulls the support 
zone higher as well. Related Reading: Bitcoin Death Cross Is Coming: Don’t Be 
Fooled By The Name On JPMorgan’s numbers, the ratio of spot price to 
production cost now sits just above 1.0, close to the lower end of its 
historical range. That implies miners’ operating margin is thin and that there 
is limited room for an extended move far below the modeled cost without 
triggering stress in the mining sector. From that perspective, the bank’s 
$94,000 level is not presented as a precise line in the sand, but as a 
statistically grounded region where downside risk becomes compressed because 
miners’ incentives to keep selling into weakness deteriorate. The same note 
keeps a much more optimistic medium-term scenario in place. JPMorgan 
reiterates a 6–12 month upside case around $170,000 per bitcoin, derived from 
a volatility-adjusted comparison with gold. As summarized by The Block, the 
analysts estimate that Bitcoin currently “consumes” around 1.8 times more risk 
capital than gold, yet still has a smaller market capitalization — roughly 
$2.1 trillion versus about $6.2 trillion in private-sector gold investment via 
ETFs, bars and coins. To close that gap on a volatility-adjusted basis, they 
calculate Bitcoin’s market cap would need to rise by about 67%, “implying a 
theoretical bitcoin price of close to $170,000.” Related Reading: Bitcoin 
Crashes To $98,000 As HODLer Selling Accelerates The Block also highlights how 
this view fits into JPMorgan’s recent track record of calls. In an earlier 
note last month, the same team argued that Bitcoin looked significantly 
undervalued relative to gold, implying upside toward about $165,000 by year- 
end. Panigirtzoglou has since dialed back the timing, telling The Block that, 
“it would not be realistic to expect this price target by year’s end,” given 
recent liquidations and very weak sentiment, and reframing $170,000 as a 6–12 
month scenario rather than a near-term objective. The note further recalls an 
August projection around $126,000 by year-end; Bitcoin later printed an all- 
time high above $126,200 on Oct. 6 before a record liquidation event on Oct. 
10 abruptly reset positioning. Those earlier pieces of research are consistent 
with a broader framework JPMorgan has been articulating publicly. In a 
separate analysis earlier this month, also led by Panigirtzoglou and reported 
by MarketWatch, the bank argued that post-October deleveraging left Bitcoin 
“very cheap to gold” on a volatility-adjusted basis and concluded that “this 
mechanical exercise thus implies significant upside for bitcoin over the next 
6–12 months,” with fair value again clustering near $170,000. What the new 
note, as relayed by The Block, adds is a more explicit downside anchor: as 
long as network difficulty and energy-input assumptions keep the estimated 
production cost around $94,000, JPMorgan sees that level as the effective 
floor that answers how low Bitcoin can go before mining economics force the 
market to confront its constraints. At press time, BTC traded at $97,505. 
Featured image created with DALL.E, chart from TradingView.com

How Low Can Bitcoin Price Go? JPMorgan Points To A Key Threshold

What to Know: Sentiment flipped negative after Bitcoin dipped below $100K for 
the second time this month, turning investors cautious and rather pessimistic. 
However, institutions remain bullish into year-end, with many planning to 
increase crypto allocations as regulatory clarity improves. Bitcoin Hyper 
($HYPER) and Maxi Doge ($MAXI) are among the best crypto presales that align 
with today’s market: one solves throughput; the other captures rotation with 
community utility. Quant ($QNT) provides listed exposure to interoperability, 
trading on major exchanges with a market cap around the $1B+ zone. Pessimism 
spiked after this week’s drawdown. Derivatives funding reset, retail mood 
turned sour, and headlines called out defensive positioning across majors. As 
expected, Bitcoin is at the heart of it, after dipping below $100K for the 
second time this month, trading at $97,216 at the time of writing. 
Institutions haven’t packed up. Surveys and flow updates point to cautious 
optimism into year-end, with a meaningful share of allocators preparing to add 
on regulatory clarity and the continued mainstreaming of ETFs and tokenized 
products. 🗓️ Several recent polls and briefings indicate many plan to increase 
digital-asset exposure over the next three to 12 months, even as they hedge 
for more volatility. Some 80% of investors still see Bitcoin as a valuable 
investment, while 70% prefer it to cash on a five-year plan. That split view – 
retail fatigue vs institutional preparation – creates a pocket for builders 
and early-stage narratives. Infrastructure bets with clear utility can 
compound when the market turn arrives, while cultural tokens with sticky 
communities can surprise the upside on rotation. Within that frame, here are 
three names to watch: Bitcoin Hyper ($HYPER) and Maxi Doge ($MAXI) – both 
presales positioned for the next leg – and Quant ($QNT), a listed 
interoperability play already liquid on major exchanges. 1. Bitcoin Hyper 
($HYPER) – Bitcoin Layer-2 With SVM Speed Bitcoin Hyper ($HYPER) is pitching a 
pragmatic fix to Bitcoin’s throughput gap: a Bitcoin-anchored Layer-2 that 
taps the Solana Virtual Machine (SVM) to deliver low-latency, low-fee 
transactions and smart contracts, while staying aligned with Bitcoin’s 
security ethos. In simple terms, it aims to bring Solana-like performance to 
Bitcoin without forcing developers to abandon familiar tooling. That’s the 
kind of infrastructure institutions prefer: tangible utility, a clear roadmap, 
and credible throughput. The presale is already well capitalized, reaching the 
$27M milestone yesterday. However, a massive $502.6K whale buy has since 
boosted the presale raise to $27.5M+. That right there is a solid indication 
of investor confidence in this Layer-2 project. These figures matter because 
execution runway + fair initial pricing are what let builders ship during 
choppy markets. Right now, $HYPER is priced at $0.013275 with staking at 42% 
APY. From a return framework, our price prediction for $HYPER hints at a 
potential and $0.08625 by the end of 2026 if mainnet milestones, early dApps, 
and DAO governance land on schedule. 💰 Based on today’s presale price, that 
implies a ~5.5x upside – ambitious, but grounded in a roadmap that targets 
real usage, not vibes. ➡️ Check our guide to buying $HYPER if you&#8217;re thinking 
of joining the presale. If Bitcoin Hyper’s Layer-2 consistently delivers low- 
cost, high-throughput rails for $BTC settlement and programmatic finance, it 
should attract builders chasing order flow when risk comes back on. Consider 
it a conviction-weighted presale for those hunting utility over pure beta. 🚀 
Secure your $HYPER today before the next price increase. 2. Maxi Doge ($MAXI) 
– Meme Culture With DeFi-Native Hooks Maxi Doge ($MAXI) leans straight into 
trader culture – the sleepless, levered, ‘one more candle’ energy – then pairs 
it with a presale funnel that’s fast to use and heavy on community loops. The 
hook isn’t just memes. The project’s roadmaps sets out trading competitions, 
staking, and planned integrations that can keep activity sticky after the 
novelty fades. In a market where attention ricochets, utility-adjacent memes 
are the ones that tend to survive. The Maxi Doge presale has raised $4M+ to 
date, with the current price at $0.000268 and a 77% staking APY. Be sure to 
read our guide on how to buy $MAXI if this meme coin is right up your alley. 
That presale raise matters, by the way. That&#8217;s because social coins usually 
need both a treasury buffer and early participation to reach the first 
listings with momentum. If rotation picks up from majors into meme coins, 
tokens with strong onboarding and recurring events typically capture 
disproportionate flows. 💰 Because of this, we expect $MAXI to see a post- 
launch surge, which would reflect its outstanding presale performance. Based 
on the raw numbers, investor participation, and Maxi Doge’s unapologetic 
ecosystem, this could become one of the best crypto presales to buy before 
2026. Maxi Doge’s branding is loud, but the mechanics – onboarding, 
competitions, staking – aim to sustain engagement rather than just farm 
attention. If you want a higher-beta ticket with a clearer plan than a vanilla 
meme coin, this is the one to watch. 🚀 Buy your $MAXI now by visiting the 
official presale website. 3. Quant ($QNT) – Interoperability for the Multi- 
Chain Reality On the listed side, Quant ($QNT) remains a steady pick for 
cross-chain plumbing. Its Overledger architecture focuses on connecting 
disparate ledgers and enabling multi-chain applications – the kind of ‘boring’ 
middleware that enterprises actually need. In a market drifting back toward 
fundamentals, that narrative resonates more than empty metaverse promises. 
Quant&#8217;s market cap sits around the $1B+ mark, with a price above $90 at the 
time of writing. Access is easy. $QNT trades on major centralized venues – 
Coinbase and Binance among them – with active $USD and $USDT pairs and healthy 
depth. 💡 If you want liquid exposure to an interoperability thesis without 
taking presale risk, this is a straightforward allocation that still benefits 
from any 2026-style build-out of tokenized assets and multi-chain apps across 
finance and enterprise. Interoperability also fits the current macro read. 
Institutions scaling in prefer neutral picks that enable compliance-friendly 
workflows, cross-ledger data sharing, and modular deployments. If the next 
wave of adoption is tokenized real-world assets, enterprise settlement, and 
ETF-adjacent wrappers, networks that connect the pipes should see durable 
demand. 🚀 Head to Binance or other leading exhanges to invest in $QNT today. 
Recap: Risk is elevated, but signals into the weekend lean constructive. 
Retail is defensive, institutions are preparing, and that split rewards clear 
narratives. Bitcoin Hyper ($HYPER) targets Bitcoin scalability with an SVM- 
powered Layer-2. Maxi Doge ($MAXI) merges meme energy with engagement 
mechanics. Quant ($QNT) offers liquid exposure to interoperability as a 
service. Disclaimer: This is not financial advice. Always do your own research 
and manage risks wisely before investing. Authored by Aaron Walker for NewsBTC 
– https://www.newsbtc.com/news/best-crypto-presales-bitcoin-hyper-maxi-doge- 
quant

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