Will Bitcoin hit $1.3M by 2035? Bitwise’s Matt Hougan explains his thesis

On-chain analytics firm Glassnode has highlighted a crucial Bitcoin price level that bulls need to defend to maintain the current rally. The Bitcoin Short-Term Holder Cost Basis is currently at $111,400, which serves as a significant indicator of market sentiment. Understanding this level is essential for investors as it reflects the average acquisition cost for short-term holders, providing insights into potential market movements. This information is vital for anyone involved in Bitcoin trading or investment, as it could influence future price trends.

Morgan Stanley is set to enhance its offerings by allowing major crypto trading through E*Trade, marking a significant step in the integration of traditional finance with digital assets. This move is important as it reflects the growing acceptance of cryptocurrencies in mainstream finance, potentially attracting a new wave of investors and boosting market confidence.

The recent sell-off in the crypto market has significantly impacted Solana's price, raising concerns about its future. With traders pulling back and a shift towards Aster, many are questioning whether Solana can maintain its value above $200. This situation is crucial as it reflects broader trends in the cryptocurrency market and the influence of traditional finance on digital assets.

Grayscale's Ethereum investment vehicles have transitioned into the SEC's generic listing regime, marking a significant step forward for crypto ETFs. This change not only streamlines regulations but also signifies a new phase of maturity for the cryptocurrency market, potentially attracting more investors and enhancing the legitimacy of digital assets.

Gold has seen a remarkable rise of 42.7% this year, driven by ongoing geopolitical tensions, while Bitcoin has lagged behind with a 20.7% increase. This disparity raises questions about the 'digital gold' narrative often associated with Bitcoin, as investors may be reassessing their preferences in uncertain times. Understanding these trends is crucial for investors looking to navigate the evolving landscape of digital and traditional assets.

The Commodity Futures Trading Commission (CFTC) is taking a significant step by launching an initiative to allow stablecoins as collateral in derivatives markets. Announced by Acting Chairman Caroline Pham, this move is part of a broader effort to integrate tokenized assets into the financial system, following recommendations from a previous crypto forum. This initiative is important as it could enhance liquidity and accessibility in the derivatives market, paving the way for more innovative financial products.

Archetype, a prominent venture capital firm, has launched its third fund with a significant $100 million aimed at supporting innovative crypto founders. This move is crucial as it highlights the growing confidence in the cryptocurrency sector and the potential for groundbreaking developments. By backing new talent in this space, Archetype is not only fueling the next wave of technological advancements but also reinforcing its position as a key player in the evolving landscape of digital finance.

OranjeBTC is set to make its debut on Brazil's B3 stock exchange, bringing a significant $410 million in Bitcoin to public markets. This move is a major milestone for cryptocurrency in Brazil, as it opens up new investment opportunities and enhances the legitimacy of digital assets in the region. The introduction of OranjeBTC could attract more investors to the crypto space, potentially leading to increased market activity and innovation.

Find Mining has launched Ethereum cloud mining contracts, allowing ETH holders to earn passive income. This development is significant as Ethereum is a leading asset in the cryptocurrency market, second only to Bitcoin, and serves as a crucial infrastructure for decentralized finance (DeFi). By enabling users to mine ETH without the need for expensive hardware, Find Mining is making it easier for more people to participate in the crypto economy and benefit from its growth.

Crypto advocate Carl Moon has made headlines by donating $400,000 to KidsOR, a charity focused on improving children's healthcare. This significant contribution not only highlights the potential of cryptocurrency in philanthropy but also encourages other charities to embrace digital currencies for donations. Moon's initiative could pave the way for more innovative fundraising methods, making it easier for organizations to receive support and for donors to contribute in a way that aligns with modern financial trends.

Ethereum is currently at a crucial juncture after breaking out of a rising wedge pattern, which initially sparked optimism for higher price targets. However, the upcoming retest of a key support zone between $3,900 and $4,100 will be pivotal in determining whether this breakout is genuine or just a false alarm. This situation is significant for investors and traders as it could influence Ethereum's price trajectory in the near future.

Morgan Stanley is set to launch its own crypto trading service on the E*Trade platform in early 2026, thanks to a partnership with Zerohash. This move allows E*Trade clients to trade popular cryptocurrencies like Bitcoin, Ethereum, and Solana, marking a significant advancement in the financial services sector's embrace of digital assets. This initiative not only highlights Morgan Stanley's commitment to innovation but also reflects the growing acceptance of cryptocurrencies in mainstream finance.

Dogecoin is currently experiencing a period of consolidation around $0.24, following a recent rejection of attempts to surpass $0.28. This stability has created a technical setup that analysts believe could lead to a significant price rally, potentially resulting in gains of up to 520%. This matters because it highlights the volatility and potential for profit in the cryptocurrency market, attracting both investors and traders looking for opportunities.

On-chain analytics firm Glassnode has highlighted a crucial Bitcoin price level that bulls need to defend to maintain the current rally. The Bitcoin Short-Term Holder Cost Basis is currently at $111,400, which serves as a significant indicator of market sentiment. Understanding this level is essential for investors as it reflects the average acquisition cost for short-term holders, providing insights into potential market movements. This information is vital for anyone involved in Bitcoin trading or investment, as it could influence future price trends.

BlackRock's $2 billion BUIDL fund is set to potentially integrate with the XRP Ledger, as announced by tokenization platform Securitize. This move could enhance the connection between traditional finance and blockchain technology, marking a significant step for XRPL's growth and adoption in the financial sector. It highlights the increasing interest from institutional investors in blockchain solutions, which could lead to more innovative financial products and services.

Morgan Stanley is set to enhance its offerings by allowing major crypto trading through E*Trade, marking a significant step in the integration of traditional finance with digital assets. This move is important as it reflects the growing acceptance of cryptocurrencies in mainstream finance, potentially attracting a new wave of investors and boosting market confidence.

The U.S. Commodity Futures Trading Commission (CFTC) is taking significant steps to integrate stablecoins into its tokenized collateral initiatives. This move is crucial as it aims to enhance the efficiency and security of financial transactions, potentially leading to broader adoption of digital currencies in mainstream finance. By involving stablecoins, the CFTC is not only modernizing the regulatory framework but also fostering innovation in the financial sector, which could benefit consumers and businesses alike.

In a recent interview, Morgan Krupetsky from Ava Labs highlighted Avalanche's pioneering efforts in the tokenization space. He emphasized the importance of distinguishing genuine advancements from mere hype, showcasing how Avalanche has been at the forefront of this technology for years. This conversation is significant as it sheds light on the evolving landscape of cryptocurrency and the role of established platforms in shaping its future.