Bitcoin Hyper Presale Pushes Toward $28M As Bitcoin Slides To $93K

Crypto markets experienced a significant downturn on Thursday, with XRP slumping as Bitcoin fell back to the $85,000 level after a brief surge above $89,000, following a softer-than-expected U.S. CPI report. This volatility reflects ongoing uncertainty in the cryptocurrency sector.

CF Benchmarks has identified bitcoin as a crucial component of investment portfolios, projecting a price target of $1.4 million by 2035 based on capital market models that emphasize institutional adoption and structured allocation strategies. This perspective underscores the growing recognition of bitcoin's potential as a long-term asset.

In October, JPMorgan analysts indicated that investors anticipating currency devaluation would boost both precious metals and bitcoin. However, recent trends show that only precious metals have benefited from this speculation, leaving bitcoin behind as its value continues to decline.

Luxembourg, under the leadership of Finance Minister Gilles Roth, became the first country in the eurozone to invest in bitcoin in the latter half of 2025. This significant move marks a pivotal moment for cryptocurrency adoption within the region.

Dennis Porter has emerged as a significant figure in the cryptocurrency landscape, credited with influencing a wave of states adopting bitcoin reserve strategies simultaneously. His campaign has played a pivotal role in promoting the integration of bitcoin into state financial frameworks.

Bitcoin treasury firm KindlyMD has initiated a share buyback program in response to a significant decline in NAKA's share price, which has adversely affected the company's valuation relative to its bitcoin holdings. This move reflects the company's strategy to stabilize its market position amid ongoing volatility in the cryptocurrency sector.