88.9K @CoinGapeMedia 📉 @Strategy ( $MSTR ) Stock Price Target Cut to $260 from $400 Amid Bearish bitcoin:native Projection
TD #Cowen lowered Strategy’s ( $MSTR ) price target from $400 to $260 while maintaining its Buy rating.
The revision reflects a weaker long-term #Bitcoin outlook, even as the firm remains positive on #Strategy’s broader business.
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88.9K @CoinGapeMedia Know more 👇
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177.6K @wublockchain12 Wu said he learned that Jiang Zhuoer, founder of the LeBit mining pool, posted a warning that the crypto market may soon see a big rally. He pointed out that US stock ETFs continue to experience fund outflows, and Coinbase's discount has fallen to the levels seen at the end of January and before the sharp drop at the end of May, reflecting a severe depletion of non‑ETF capital. At the same time, the current market funding rate is positive and positions are high, providing ample fuel for a chain of liquidations. These signals suggest the market could experience significant volatility.
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3.7M @CoinDesk INSIGHT: "Stronger credit. Stronger equity. More Bitcoin." says Michael @Saylor following @Strategy's new $2.55B capital framework announcement. https://t.co/F96zNE6hul
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Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.
