Bitcoin
Why Bitcoin is up 1.4% in the last hour
Analysis
Bitcoin rose 1.4% over the past hour as sentiment improved on reports that institutions are increasingly focused on “bitcoin yield” structures that resemble TradFi, reinforcing the narrative of sustained institutional demand tied to ETF-related flows. Separately, commentary suggesting BTC is trading at a sizable “discount” versus a power-law fair-value estimate likely added a valuation tailwind for near-term buyers.
Contributing Factors (3)
Institutions don't want more risk—they want bitcoin yield that works like TradFi, says GlobalStake co-founder
Collateralized, market-neutral strategies, not DeFi or smart contracts, are driving renewed institutional interest, says GlobalStake co-founder Thomas Chaffee.
Bitcoin's correlation with troubled software stock sector is growing
Software stocks are thought to be facing an existential threat from the rise of AI, and Bitcoin, noted one analyst, is just open-source software.
Bitcoin Trading at 41% Discount, Power-Law Model Shows $122K Fair Value
Bitcoin slipped below $71,000, but one analyst says the cryptocurrency is trading about 41% below its long-term fair value.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.