Could Bitcoin Lose $73,000 as Demand Weakens? The Data Says It Might
Bitcoin faces renewed downside as short-term holders turn unprofitable; failure to reclaim $75,700 could expose BTC to a breakdown below $73,000.
Crypto · News reference
Bitcoin falls 3% after a record Binance hack, yet remains 24% above its August start as analysts flag resilience.
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Bitcoin faces renewed downside as short-term holders turn unprofitable; failure to reclaim $75,700 could expose BTC to a breakdown below $73,000.
Bitcoin could hit $400K–$500K by mid-2029, says James Lavish, as institutional adoption and monetary expansion outweigh Fed rate pressures.
The article compares Coinbase Global and Toast as investment options for 2027. Coinbase operates as a crypto exchange with $7.2B in revenue and 17.6% net margin, while Toast provides restaurant software with $6.2B in revenue and 24.1% growth. Toast has a lower valuation (P/E 24.9 vs 53.8) and recently turned profitable. The author recommends Toast, citing skepticism about crypto's intrinsic value and concerns about Coinbase's heavy dependence on Bitcoin and Ethereum price movements.
Pascal Gauthier, CEO of hardware wallet company Ledger, said on Tuesday, November 10, that security failures remain possible across the technology industry.
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Hotter October CPI pushed the 10-year Treasury yield to 5% and the 2-year up 17 basis points, while Nvidia's slide weighed on the Nasdaq 100.