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Bitcoin is looking weaker by the day and could soon fall below $50,000, according to an industry veteran. Here’s why he sees it as the ‘canary in the coal mine’.

Strategy is also not looking great around $93, but that didn’t stop Benchmark from targeting a lofty $570 for the stock. Here’s why the firm is so bullish.

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TOP STORY

Bitcoin Is 'Canary In The Coal Mine For Liquidity', Could Fall Below $50,000 Expert Warns

Cycles expert Richard Smith warns BTC is a "canary in the coal mine for liquidity" and remains on track to plunge below $50,000.

Speaking with David Lin, the executive director of the Foundation for the Study of Cycles argued that historical drawdowns of 75% to 80% from the $125,000 peak are not yet complete.

Central banks will be forced to expand credit to prevent a refinancing collapse and persistent inflation will continue weighing on risk assets — which leaves gold as the preferred macro safe-haven over digital gold.

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MARKET MINUTES

Bitcoin will fade, but not with a bang. It will go out ‘with a whimper’, according to this veteran billionaire investor.

XRP could soon fall below $1 and that is despite record network growth over the past few weeks. What is going on?

Tom Lee maintains that crypto ‘is not really’ broken. But your balance could break if you miss Bitcoin’s best days, he pointed out. Here’s what he meant.

FINTECH FOCUS

MSTR Teeters Below $95, But Benchmark Targets Record $570 Share Price

Strategy Inc is teetering near $89.30 but Benchmark just reiterated a massive $570 price target after Saylor unveiled a "Digital Credit Capital Framework" that raised $1.15 billion to defuse the STRC dividend bomb.

The move boosted Strategy’s USD reserves to $2.55 billion and stretched dividend coverage to 17.4 months, giving management permission to run the capital machine in reverse, buy back shares, and sit tight without touching its 847,363 BTC treasury.

Crypto Banter's Ran Neuner noted Saylor timed the share sales perfectly at 1.0 mNAV to avoid dilution, stripping away the "death loop" panic that recently dragged STRC to $71.26 before its recovery to $81, even as Bitcoin $BTC faces a potential final capitulation down to $45,000-$55,000.

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