Happy Thursday!

Bitcoin is consolidating around $107,000, and analysts remain cautiously optimistic about the next quarter: here’s what will drive the market in Q3.

Coinbase is the ‘Amazon of crypto’, according to Bernstein analysts, who have substantially raised their COIN price target: why are they so bullish on COIN?

Plus, if you’re interested in an actively-managed ETF that offers you direct access to an asset class long favored by institutions for its balance of income and stability, check out today’s sponsor.

TOP STORY

Bitcoin Consolidating At $107,000: Here's What Will Drive The Market In Q3

Cryptocurrency analysts remain cautiously optimistic about Bitcoin despite recent Middle East volatility, with technical levels holding and halving cycle patterns suggesting potential upside ahead.

In a new market analysis published on Wednesday, crypto analyst DonAlt expressed cautious optimism on Bitcoin’s performance.

Another prominent analyst highlighted that 2025 is tracking more like the 2017 bull run than 2021, particularly when looking at halving cycle behavior.

What are the analysts expecting for the next quarter?

Read the full scoop here.

SPONSORED CONTENT

From Chaos To Control: How The Virtus InfraCap US Preferred Stock ETF Delivers Value In A Dynamic Market

The Virtus InfraCap US Preferred Stock ETF (PFFA) offers retail investors direct access to high-yield preferred securities, an asset class long favored by institutions for its balance of income and stability. 

Actively managed by Infrastructure Capital’s Jay Hatfield, PFFA utilizes modest leverage and opportunistic call writing to boost monthly income. In a market stuck between high interest rates and geopolitical volatility, passive strategies can fall short. PFFA stands out by applying active oversight, credit analysis and tactical flexibility. For investors seeking dependable yield with upside potential, PFFA presents a professionally managed option amid today’s uncertain environment. To learn more about this income fund, click here.

This is a paid ad. Please see 17b disclosure here for more information.

QUICK N DIRTY

Bitcoin, Ethereum, XRP and Dogecoin are consolidating their gains, with geopolitical fears firmly in the rearview mirror — what’s driving the market today?

Metaplanet aka ‘Asia’s MicroStrategy’ bought another batch of Bitcoin, and ETFs have now extended their inflow streak to 12 days: how long can the corporate craze go on?

XRP remains stuck below $2.20 and still trades in the established range. Why is it not moving?

FINTECH FOCUS

Coinbase Is The 'Amazon Of Crypto Services', Price Target Boosted To $510: Bernstein

Bernstein analysts have raised their price target for Coinbase Global Inc. to $510, citing accelerating growth in the company’s derivatives business and non-trading revenue streams.

The updated price target marks a significant jump from the previous $310 target, reflecting Bernstein’s increased confidence in Coinbase’s evolving position as a leading crypto financial services platform.

Why has Bernstein dubbed Coinbase the ‘Amazon of crypto’?

Read the full scoop here.

BEFORE YOU GO

Were you forwarded this email? Click here to subscribe.

And be sure to check out our other newsletters:

Ring The Bell: Created for market enthusiasts by market enthusiasts, this daily newsletter delivers top stories, fast movers and hot trade ideas straight to your inbox. Subscribe here.

Advisor: Tailor-made for Financial Advisors, this weekly newsletter has industry-specific insights, analysis and news. Subscribe here.

Tech Trends: Get the inside scoop on AI, the hottest gadgets and mind-blowing tech trends. Subscribe here.

Disclaimer: This communication from Benzinga is for informational purposes only. It is not intended to serve as a recommendation to buy, sell, or hold any security and is not an offer or sale of a security. Information contained within should not be perceived as a research report and is not intended to serve as the basis for any investment decision. Any third-party views reflected herein do not reflect the opinion of Benzinga. All investments involve risk and the past performance of a security does not guarantee future results or returns. There is always the potential for financial loss when investing in securities or other financial products. Investors should consider their investment objectives and risks before investing. Benzinga is reader-supported. When you buy through links on our site, we may earn an affiliate commission. Benzinga may receive monetary compensation from the issuer, or its agency, for publicizing the offering of the issuer’s securities. This content is for informational purposes only and is not intended to be investing advice. This is a paid ad. Please see 17b disclosure linked in the campaign page for more information.