Broadcom&#8217;s AI revenue growth highlights hyperscale demand, but reliance on key 
clients and mixed non-AI guidance pose strategic risks.
The post Broadcom price targets raised by multiple analysts post-earnings 
selloff appeared first on Crypto Briefing.

Broadcom&#8217;s AI revenue growth highlights hyperscale demand, but reliance on key clients and mixed non-AI guidance pose strategic risks. The post Broadcom price targets raised by multiple analysts post-earnings selloff appeared first on Crypto Briefing.

Broadcom price targets raised by multiple analysts post-earnings selloff

Kalshi&#8217;s shift towards institutional-grade tools could redefine prediction 
markets, attracting larger trades and enhancing market efficiency.
The post Kalshi builds Bloomberg Terminal-style interface for prediction 
market power users appeared first on Crypto Briefing.

Kalshi&#8217;s shift towards institutional-grade tools could redefine prediction markets, attracting larger trades and enhancing market efficiency. The post Kalshi builds Bloomberg Terminal-style interface for prediction market power users appeared first on Crypto Briefing.

Kalshi builds Bloomberg Terminal-style interface for prediction market power users

Data shows the spot ETFs and Strategy have absorbed more Bitcoin than Satoshi&#8217;s stack since the asset was last at $63,000, yet the asset has returned to the same level. Bitcoin Could Be Headed Toward The Realized Price In a new post on X, CryptoQuant founder Ki Young Ju has talked about the latest crash in the Bitcoin price. Since mid-May, the cryptocurrency has gone through a significant drawdown that has taken its value from a high above $81,000 all the way down to the $63,000 level. A major part of this decline has come in June alone, with BTC even hitting a brief low below the $62,000 mark. Related Reading: Bitcoin Traders Turn Most Fearful In 2 Months Following Crash The latest downturn has interestingly arrived despite some positive developments in the market. Young Ju pointed out that since BTC was at $63,000 in March 2024, the asset&#8217;s supply has gone through a distribution shift. The spot exchange-traded funds (ETFs), investment vehicles introduced in the United States in 2024, have absorbed 509,102 BTC inside this window. Meanwhile, Strategy, the largest corporate holder of Bitcoin, has added 650,706 BTC to its holdings. To put things into perspective, Satoshi&#8217;s BTC wallets hold about 1 million tokens, while the combined supply absorbed by the spot ETFs and Strategy equals more than 1.24 million tokens. Even all centralized exchanges combined hold a total of 2.7 million BTC, providing another comparison for the accumulation. &#8220;More BTC than Satoshi’s stack, nearly half of exchange reserves, has been absorbed, and price is still back at the same level,&#8221; noted the CryptoQuant founder. As for how much the drawdown can extend from here, perhaps the Realized Price can provide some hints. This on-chain metric tracks the cost basis of the average wallet on the Bitcoin network. Here is a chart that shows how this indicator has changed for BTC over the last few years: The metric appears to have been on the decline in recent months | Source: @ki_young_ju on X As displayed in the above graph, the Bitcoin Realized Price has seen a drop recently as investors have participated at the lower bear market prices. Currently, the metric&#8217;s value stands at $53,800. So far, BTC has managed to stay a notable distance above the Realized Price, but historically, bear markets have only concluded when the asset has ventured below this line. &#8220;I thought that level would be hard to revisit, given institutional inflows and MSTR barely selling any BTC,&#8221; said Young Ju. &#8220;But current price action suggests unusually strong sell pressure.&#8221; Related Reading: XRP Breaks Below Triangle—Will Drawdown Extend To $1.14? It now remains to be seen whether Bitcoin will manage to hold above the Realized Price this cycle or if the same pattern as before will play out again. BTC Price At the time of writing, Bitcoin is floating around $63,200, down more than 13% in the last seven days. Featured image from Dall-E, chart from TradingView.com

Data shows the spot ETFs and Strategy have absorbed more Bitcoin than Satoshi&#8217;s stack since the asset was last at $63,000, yet the asset has returned to the same level. Bitcoin Could Be Headed Toward The Realized Price In a new post on X, CryptoQuant founder Ki Young Ju has talked about the latest crash &#8230;

Bitcoin Price Back At $63,000 Despite 1.2 Million BTC Absorption

Morgan Stanley&#8217;s Bitcoin ETF signals growing institutional acceptance, 
potentially driving significant capital inflows and influencing market 
dynamics.
The post Morgan Stanley boosts Bitcoin holdings by over 220 BTC via MSBT ETF 
appeared first on Crypto Briefing.

Morgan Stanley&#8217;s Bitcoin ETF signals growing institutional acceptance, potentially driving significant capital inflows and influencing market dynamics. The post Morgan Stanley boosts Bitcoin holdings by over 220 BTC via MSBT ETF appeared first on Crypto Briefing.

Morgan Stanley boosts Bitcoin holdings by over 220 BTC via MSBT ETF

Rising jobless claims signal potential labor market softening, prompting 
investor caution amid holiday data volatility and economic uncertainty.
The post US jobless claims rise to highest level since February amid holiday 
volatility appeared first on Crypto Briefing.

Rising jobless claims signal potential labor market softening, prompting investor caution amid holiday data volatility and economic uncertainty. The post US jobless claims rise to highest level since February amid holiday volatility appeared first on Crypto Briefing.

US jobless claims rise to highest level since February amid holiday volatility

SpaceX&#8217;s IPO strategy could redefine market expectations, emphasizing direct 
pricing control and potentially influencing future IPO approaches.
The post SpaceX sets $135 price for blockbuster IPO, challenging Wall Street 
norms appeared first on Crypto Briefing.

SpaceX&#8217;s IPO strategy could redefine market expectations, emphasizing direct pricing control and potentially influencing future IPO approaches. The post SpaceX sets $135 price for blockbuster IPO, challenging Wall Street norms appeared first on Crypto Briefing.

Broadcom price targets raised by multiple analysts post-earnings selloff

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