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Bitcoin (BTC) Price News: Sell-Off Likely 'Complete', Year-End Rally in Play, Analyst Says

According to Geoffrey Kendrick of Standard Chartered, Bitcoin's recent sell-off is nearing its end, fitting into a familiar pattern of significant market corrections. Bitcoin experienced a nearly 30% decline from its all-time high of over $126,000, dropping below $90,000. Kendrick describes this as the third major correction since the U.S. introduced spot Bitcoin ETFs, asserting that market metrics indicate seller exhaustion. Key indicators, including the modified net asset value of MicroStrategy, have reset to levels historically linked to market bottoms. Despite the dip, Kendrick forecasts a year-end rally as his base case scenario, mirroring similar sentiments from analysts at crypto exchange Bitfinex, who observe that the pace of realized losses among short-term holders has slowed, alongside signs typical of market bottom formations. Bitcoin's price rebounded close to $93,000, reflecting a recovery from earlier lows in the trading day. The overall sentiment hints at a potential recovery in the coming weeks as the market stabilizes.

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Bitcoin recovery expected as liquidity conditions change, but US macro remains a threat

Bitcoin's recent downturn is attributed to broader economic stresses, yet improved liquidity and a favorable outlook for 2026 could lead to a potential recovery. With the upcoming US Federal Reserve decision on interest rates looming, market sentiment is divided between a possible rate cut and maintaining the current

Kraken Scores $800M Raise Backed by $200M Citadel Investment

Kraken, a prominent crypto exchange, has raised $800 million in funding, including $200 million from Citadel Securities, aiming to bridge traditional financial markets with blockchain infrastructure. This funding round values Kraken at $20 billion and marks a significant shift in the relationship between cryptocurrency firms and traditional finance. The capital

Kraken Scores $800M Raise Backed by $200M Citadel Investment

Kraken has raised $800 million in new funding, which includes a $200 million investment from Citadel Securities. This funding values the crypto exchange at $20 billion and aims to enhance Kraken's capacity to integrate traditional financial markets with blockchain technology. The recent capital injection comes as Kraken pursues

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