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MSCI Inc. (NYSE: MSCI) announced on Thursday, October 15, that it will tighten eligibility standards for non-operating companies in its global benchmark indexes, potentially excluding Bitcoin treasury companies such as Strategy Inc..
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The Nasdaq 100 fell 1.5% at midday Friday as memory chips and AI-debt names sold off, while Fed Chair Warsh declined to rule out an October hike after hot CPI and PPI. WTI held near $96, the 10-year yield hovered around 5.1%, gold bounced toward $4,200 and bitcoin traded near $81,300.
Bitcoin struggles near $83,000 as analysts favor five altcoins tied to DeFi, tokenized stocks and AI infrastructure.
Raoul Pal calls Ethereum wildly undervalued, while backing Bitcoin, Solana, Sui and Zcash ahead of a liquidity shift.
XRP may drop to $1.22 before recovering, with bullish targets of $3–$4 or $9–$13; Bitcoin and Ethereum could see further selloffs first.
JP Morgan analyst Alexander Hess maintains MSCI (NYSE:MSCI) with a Overweight and lowers the price target from $700 to $685.
Morgan Stanley analyst Toni Kaplan maintains MSCI (NYSE:MSCI) with a Overweight and lowers the price target from $700 to $662.