Bitcoin and the rest of the crypto market have staged an impressive recovery following an escalation in tensions between Israel and Iran that rattled the markets across the world. As Bitcoin trades above $107K, new data suggest that the leading crypto asset is approaching a critical juncture as on-chain and macroeconomic signals converge. Market Fundamentals Warn of Possible Correction On June 24, Binance’s Net Taker Volume, which happens to be an indicator of buying and selling pressure, exceeded $100 million for the first time since June 9. While this spike may suggest increased bullish momentum, CryptoQuant stated that such surges often stem from aggressive retail participation or the liquidation of over-leveraged short positions rather than sustainable investor demand. At the same time, the total stablecoin net outflows from derivative exchanges have topped $1.25 billion, the largest exodus since mid-May. This trend points to weakening structural support for long positions and reflects a broader withdrawal of capital from risk-on environments. Interestingly, the latest market movement coincided with growing speculation about a shift in US monetary policy. During his semiannual testimony to Congress, Federal Reserve Chair Jerome Powell hinted that future commercial and economic conditions could warrant interest rate cuts. The statement is a significant change in tone from the central bank, which indicates a possible pivot toward monetary easing. Further validating this narrative, the US 2-year Treasury yield has entered a clear downtrend, a pattern typically interpreted as the market pricing in future rate cuts. Investors are increasingly seeking safety in short-duration government bonds, which evidences rising caution. Elsewhere in the global currency markets, the Swiss Franc surged past 1.24 against the US dollar for the first time in several years, which, again, depicts an increased demand for traditional safe-haven assets. Together, these indicators suggest a rising risk-off sentiment in financial markets. While the Net Taker Volume spike may fuel short-term volatility, the significant outflow of stablecoins from derivative platforms raises concerns about the ability of Bitcoin’s price to sustain upward momentum. With macro uncertainty intensifying and liquidity thinning, the market could be nearing a near-term correction. Binance Open Interest Spikes; Long-Term Holders Trim Exposure As volatility returns and structural support wanes, Bitcoin’s internal market indicators are flashing additional cautionary signals worth close attention. In fact, data from Binance shows the 24-hour Open Interest (OI) percentage change has exceeded 6% for the third time in two months. Previous surges, observed around May 26 and June 10, were followed by price dips or periods of consolidation. This recurring trend could mean that increased inflows into leveraged positions may precede short-term profit-taking and de-risking by market participants. Additionally, the Long-Term Holder (LTH) Net Position Realized Cap has sharply declined from over $57 billion to just $3.5 billion. This significant drop indicates that long-term holders are reducing exposure and are likely capitalizing on recent price gains and reacting to evolving macroeconomic conditions. While these developments do not necessarily point to an immediate bearish reversal, CryptoQuant said that it does highlight a rising market sensitivity. As such, the market may be entering a profit-taking phase, where short-term pullbacks or sideways movement are more likely as speculative interest builds and long-term conviction wanes. The post Bitcoin (BTC) Faces Market Crossroads as Net Taker Volume Surges Past $100M appeared first on CryptoPotato .
The post SAHARA Crypto Goes LIVE on Top Exchanges: Is This The Next Big AI Crypto? appeared first on Coinpedia Fintech News Sahara AI is the first full-stack AI-native blockchain platform, which is built to democratize the development and monetization of artificial intelligence. Built on the Sahara blockchain, it brings together data services, AI tools, and a marketplace into one ecosystem. With backing from tech giants and trusted by institutions like Microsoft and MIT, Sahara AI claims to be on a mission to make AI more open and unbiased. SAHARA Seeks Listings on Top Exchanges Sahara AI has gone live on major crypto exchanges, including Binance, Gate.io, and Upbit. This early presence on Tier-1 platforms highlights growing investor confidence and ensures easier access for traders and institutions alike. Backed by Binance Labs, Polychain Capital, Pantera Capital, and others, Sahara crypto brings credibility and highlights the strong foundational trust in the team’s long-term vision. The project holds a total supply capped at 10 billion tokens and an initial circulating supply of 2.04 billion. Moreover, it also offers real-world utility such as staking, data contribution incentives, and governance participation. Plus, airdrops and community reward programs also fuel adoption by attracting both developers and retail users. SAHARA Price Analysis: At the time of writing, Sahara AI is priced at $0.3140, with a daily dip of 3.78%. Its current market cap stands at $640.59 million. Compared to similar AI projects, Sahara crypto’s $0.314 valuation suggests significant room for growth. As AI narratives continue gaining mainstream attention, Sahara’s multi-platform architecture and robust token utility could drive long-term appreciation. Investors view the current correction as a healthy phase ahead of potential upside, especially given the rising adoption and strategic listings. Successively, we can expect the token to claim a tag of $0.4 in the near term. FAQs What is Sahara AI’s main utility? Sahara AI enables users to stake, govern, and earn from AI-related contributions, including data and models. Which exchanges list Sahara AI? Sahara AI is listed on Binance, Gate.io, and Upbit—ensuring strong global accessibility. What is the SAHARA crypto price today? The SAHARA AI token at the time of press is changing hands at $0.3140.
BitcoinWorld U.S. Dollar Index Plunge: Unprecedented Impact on Crypto Markets Are you closely watching the gyrations of the global financial markets, particularly how traditional assets influence the dynamic world of cryptocurrencies? If so, you’re not alone. A significant shift has just occurred that demands your attention: the U.S. Dollar Index (DXY) has plummeted to 97.48, marking its lowest point since February 2022. This dramatic movement isn’t just a headline for forex traders; it carries profound implications for the burgeoning crypto market, potentially reshaping investment strategies and the future trajectory of digital assets. Let’s dive into what this substantial DXY decline means for your crypto portfolio and the broader financial landscape. Understanding the U.S. Dollar Index (DXY): What Just Happened? The U.S. Dollar Index , often simply referred to as the DXY, is a measure of the value of the United States dollar relative to a basket of six major world currencies. These currencies include the Euro (EUR), Japanese Yen (JPY), British Pound (GBP), Canadian Dollar (CAD), Swedish Krona (SEK), and Swiss Franc (CHF). It’s essentially a barometer for the dollar’s strength or weakness against its major trading partners. Recently, the DXY has been on a noticeable downward trajectory. According to MarketWatch data, it has fallen to 97.48, a level not seen since early 2022. This represents a significant 10.1% year-to-date DXY decline . To put this into perspective, consider these key points: Historical Context: The DXY had reached multi-decade highs in late 2022, driven by aggressive interest rate hikes by the Federal Reserve. Its current level signifies a considerable reversal from those peaks. Magnitude of the Drop: A 10.1% year-to-date decline is not a minor fluctuation; it indicates a substantial shift in global investor sentiment towards the U.S. dollar. Key Currency Basket: The Euro holds the largest weight in the DXY basket (57.6%), meaning the dollar’s performance against the Euro heavily influences the index’s movement. This weakening of the dollar has ripple effects across various asset classes, and the cryptocurrency market is no exception. Understanding the drivers behind this dollar weakness is crucial for anticipating its future impact. Why the Dollar Weakness is Making Waves: Key Drivers What’s behind this significant dollar weakness ? Several macroeconomic factors are converging to push the DXY lower. The primary drivers include shifts in monetary policy expectations, evolving inflation outlooks, and changes in global economic growth projections. Is the Fed’s Stance Fueling Further Dollar Weakness? A major catalyst for the recent DXY decline is the changing narrative around the Federal Reserve’s monetary policy. For much of 2022, the Fed was aggressively raising interest rates to combat soaring inflation, making the dollar more attractive to investors seeking higher yields. However, the market is now increasingly pricing in an end to the Fed’s tightening cycle, with expectations of potential rate cuts in the near future. This shift in sentiment reduces the dollar’s yield advantage over other currencies, diminishing its appeal. Interest Rate Differentials: As other central banks (like the European Central Bank or Bank of Japan) potentially catch up or even surpass the Fed in hawkishness, the interest rate differential narrows, reducing the incentive to hold dollars. Inflation Expectations: While inflation remains elevated, there’s a growing belief that it has peaked and is on a downward trend. This lessens the urgency for the Fed to maintain an ultra-tight monetary policy, further contributing to dollar weakness . Economic Slowdown Concerns: Persistent concerns about a potential recession in the U.S. also weigh on the dollar. A weaker economy might necessitate more accommodative monetary policy, which typically leads to a weaker currency. The interplay of these factors creates a challenging environment for the dollar, directly influencing its standing on the global stage and, by extension, its relationship with risk assets like cryptocurrencies. The Profound Crypto Market Impact: A New Era? For cryptocurrency enthusiasts and investors, a weakening dollar often signals a potentially bullish environment. Historically, there has been an inverse correlation between the U.S. Dollar Index and the performance of digital assets, particularly Bitcoin. How Does Dollar Weakness Reshape the Bitcoin Price Narrative? When the dollar weakens, assets priced in dollars, such as commodities and cryptocurrencies, can become more attractive. This is because it takes fewer units of other currencies to buy dollars, making dollar-denominated assets relatively cheaper for international investors. More importantly, a weaker dollar can signify a broader flight from traditional fiat currencies into alternative stores of value. Bitcoin as a Digital Gold: The narrative of Bitcoin as “digital gold” or an inflation hedge gains traction during periods of dollar depreciation. As the purchasing power of the dollar diminishes, investors may seek assets with a fixed supply and perceived scarcity, like Bitcoin, to preserve wealth. This can lead to upward pressure on the Bitcoin price . Increased Liquidity: A weaker dollar can also lead to more global liquidity, as central banks potentially ease monetary policies. This increased liquidity often flows into riskier assets, including cryptocurrencies, boosting overall crypto market impact . Investor Sentiment: The psychological effect of a declining dollar can shift investor sentiment towards assets outside the traditional financial system. This encourages diversification into digital assets, viewing them as a hedge against fiat currency devaluation. While the DXY decline doesn’t guarantee an immediate surge in the Bitcoin price or the broader crypto market, it certainly creates a more favorable macroeconomic backdrop. Many analysts are now closely watching how this sustained dollar weakness might catalyze the next phase of growth for digital assets. Navigating the Volatility: Challenges and Opportunities While the narrative of a weakening dollar benefiting crypto is compelling, it’s crucial to approach the current market with a balanced perspective. The relationship is not always straightforward, and other factors significantly influence the crypto market impact . What Should Crypto Investors Watch Out For Amidst This DXY Decline? The cryptocurrency market is influenced by a multitude of factors beyond the U.S. Dollar Index . Regulatory developments, technological advancements, institutional adoption, and specific project news all play significant roles. For instance, a sudden regulatory crackdown or a major hack could overshadow any positive influence from a weakening dollar. Challenges to Consider: Correlation vs. Causation: While an inverse correlation often exists, it’s not always a direct causal relationship. Other macro factors, such as global economic growth or geopolitical events, can also drive both DXY and crypto movements. Regulatory Headwinds: Increased scrutiny from global regulators could dampen enthusiasm, regardless of the dollar’s performance. Market Liquidity: While a weaker dollar can imply more liquidity, a sudden tightening by other central banks or a global financial shock could still impact crypto negatively. “Risk-On” vs. “Risk-Off” Sentiment: Sometimes, the dollar weakens because investors are taking on more risk globally (risk-on), which can benefit crypto. Other times, it might be due to specific U.S. economic concerns that don’t necessarily translate to immediate crypto gains. Despite these challenges, the current environment presents opportunities. The ongoing DXY decline , combined with increasing institutional interest and technological advancements within the crypto space, could set the stage for significant long-term growth. Investors who understand these dynamics are better positioned to capitalize on potential shifts. Actionable Insights for the Savvy Investor Understanding the intricate relationship between the U.S. Dollar Index and the crypto market can empower you to make more informed investment decisions. Here are some actionable insights: Monitor Macroeconomic Indicators: Keep a close eye on the DXY, inflation reports, and Federal Reserve announcements. These traditional financial indicators provide valuable context for anticipating crypto market movements. Diversify Your Portfolio: While Bitcoin often leads the charge, consider a diversified crypto portfolio that includes established altcoins and promising new projects. This can help mitigate risk and capture broader market gains. Consider Dollar-Cost Averaging (DCA): Given the volatility, consistently investing a fixed amount over time, regardless of market fluctuations, can be a prudent strategy. This helps average out your purchase price and reduces the impact of short-term swings. Stay Informed on Regulatory News: Regulatory clarity (or lack thereof) can significantly impact crypto prices. Keep abreast of developments in major jurisdictions. Focus on Long-Term Fundamentals: While short-term DXY movements can create trading opportunities, the long-term success of cryptocurrencies depends on their underlying technology, adoption, and utility. The current period of dollar weakness is not just a fleeting trend; it reflects deeper shifts in global finance. For those invested in or considering the crypto space, this moment offers a unique lens through which to view potential future growth and strategic positioning. Conclusion: A Pivotal Moment for Digital Assets The dramatic drop in the U.S. Dollar Index to its lowest point since February 2022 signals a significant turning point in global finance. This 10.1% year-to-date DXY decline , driven by evolving monetary policies and shifting economic outlooks, directly impacts the perceived value and attractiveness of the dollar. For the cryptocurrency market, this period of sustained dollar weakness presents a compelling narrative, potentially bolstering the case for assets like Bitcoin as alternative stores of value. While the inverse correlation between the DXY and Bitcoin price is not absolute, the current macroeconomic environment certainly offers a more favorable backdrop for digital assets. As we navigate these dynamic shifts, staying informed and adopting a strategic approach will be key to unlocking the opportunities that this unprecedented financial recalibration presents for the future of money. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post U.S. Dollar Index Plunge: Unprecedented Impact on Crypto Markets first appeared on BitcoinWorld and is written by Editorial Team
Dustin Layton, a digital asset analyst known for his involvement in the XRP community through his “Time Traveler” persona, recently shared a highly optimistic projection regarding XRP’s potential price performance in the coming months. He stated that anyone holding 1,000 XRP could expect to earn a minimum profit of $50,000 by the end of 2025. At the token’s current price of approximately $2.19, 1,000 units are valued at $2,190. Layton’s claim implies that each token would need to reach at least $52.20 within the year, representing a 2,300% return on investment. Layton encouraged followers to save his post and revisit it in the future, emphasizing that the predicted profit is for 2025 alone. If you hold 1000 XRP in 2025, you will see $50,000 minimum in profit just this year alone. Bookmark this. — Time Traveler (@Traveler2236) June 24, 2025 Reaction from the Community The reaction to Layton’s prediction was mixed, with many expressing cautious optimism or outright skepticism. Some users, while hopeful, acknowledged that the estimate appears unrealistic. A user named Ellian Betan commented that such forecasts tend to overlook real-world limitations. Others questioned the practical implications of such growth. For instance, one user asked whether Layton would delete his account if XRP failed to reach the projected price. Another user, Tobias, observed that while significant profits might be attainable, the return is determined by the token’s future price, not the cost at which it was acquired. Therefore, whether an investor bought XRP at $0.07 or $2.00, the key factor remains the token’s price performance. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Market Capitalization Implications of a $50 XRP If XRP were to exceed $50 per coin, its total market capitalization would surpass $3 trillion. For comparison, this would place XRP above Bitcoin’s current market value, making the target highly ambitious. Despite the boldness of Layton’s claim, he is not the only analyst proposing large price movements for XRP. In March, Elliott Wave analyst XForceGlobal predicted XRP could reach between $20 and $40 either this year or next, based on a 5-wave pattern. Similarly, a market analyst known as Steph suggested that if the global cryptocurrency market grows to $7 trillion and XRP captures a 30% share, the token could climb to $34.20. Other commentators have issued even more aggressive forecasts. Javon Marks, for example, has floated the idea that XRP could approach $99 during this market cycle, though he did not offer a specific timeline. Conservative Estimates Remain Cautious In contrast to these bullish views, some market analysts and platforms have adopted a more cautious stance. Forecasts from Changelly and Telegaon suggest that XRP may not reach the $50 milestone until at least 2035. These projections significantly diverge from Layton’s 2025 outlook, highlighting the divide between short-term optimism and long-term realism. While Layton’s prediction of a $50,000 profit from holding 1,000 XRP has generated considerable attention, it remains a speculative outlook. The wide range of price targets, from $34 to nearly $100, demonstrates the uncertainty surrounding XRP’s future valuation. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Time Traveler Predicts When to Get $50,000 Profit on 1000 XRP Investment appeared first on Times Tabloid .
Pro-Ripple lawyer John E. Deaton flips XRP control narrative: Details inside
The post When Will Bitcoin Price Hit New ATH? Arthur Hayes Reveals ‘Bull Market Checklist’ appeared first on Coinpedia Fintech News Bitcoin could be heading for new all-time highs, at least if Arthur Hayes has it right. The BitMEX co-founder recently shared a bullish take on the market, pointing to key regulatory changes that he believes are setting the stage for a major crypto rally. From stablecoin reforms to broader shifts in global finance, Hayes sees the pieces falling into place for Bitcoin to surge. Bull market checklist: – UST SLR exemption progressing – Genius Act hands US stablecoin mrkt to banks, next essay will explain y +ve – Ignore the reality, Trump, Bibi, and Kahmenei are all pretending the conflict is finished so investors should too $BTC ATHs are coming — Arthur Hayes (@CryptoHayes) June 26, 2025 SLR Exemption Could Spark a Crypto Liquidity Boost Hayes highlights the U.S. Treasury’s Supplementary Leverage Ratio (SLR) exemption as a major factor. If reinstated, this policy would let banks free up more capital, allowing them to hold stablecoins and crypto-related assets with fewer restrictions. That means more liquidity, stronger support from big institutions, and a smoother path for crypto to integrate with the traditional financial system. For Hayes, it’s a clear sign that markets are preparing for a new bull cycle. The Genius Act: Giving Banks Control of Stablecoins Another big piece of the puzzle is the proposed Genius Act. This legislation could shift control of the U.S. stablecoin market to banks—a move Hayes believes is actually a good thing. Rather than slowing innovation, this could bring legitimacy and stability to stablecoins, making them a trusted part of the financial system. That kind of trust, in turn, can lift confidence in Bitcoin and the broader crypto market. Hayes: Ignore the Drama, Watch the Market Hayes also pointed out how world leaders, like Trump, Netanyahu, and Iran’s Khamenei, are caught up in political and geopolitical tensions. But he urges investors to look past the headlines and focus on market signals instead. He points to a 22% surge in stablecoin market cap this year, now hitting $251 billion. To Hayes, that’s a strong sign that capital is flowing back into crypto and that investors are positioning for a run. Not His First Rodeo Hayes’s view ties into his past commentary, where he’s connected crypto market trends with global economic policy. He’s written before about the impact of central banks, like the Bank of Japan, on risk assets like Bitcoin. Now, as macro conditions shift and regulators appear more open to crypto, Hayes sees all signs pointing to another breakout moment. Bitcoin’s Setup for a New Rally? With policies like the SLR exemption and the Genius Act bringing crypto and traditional finance closer together, Hayes believes Bitcoin is primed for big gains. Stablecoins may be laying the groundwork—but Bitcoin, he argues, is the real beneficiary. If his call plays out, we could be entering a new phase of adoption, with Bitcoin leading the charge toward another all-time high.
The post Cardano Price Prediction: Will ADA Hit $2 After Midnight Airdrop Buzz? appeared first on Coinpedia Fintech News The Cardano price has been hovering around the $0.57 price mark, down over 55% from its Q4 2024 high of $1.33. While technical indications on the chart might present a mixed picture, the fact is that sentiment is shifting towards optimism. This is happening due to increased activity within the ecosystem and growing institutional support. For instance, this week, Social media buzz was on fire, with Cardano receiving over 200,000 mentions on X in just one week, largely sparked by the recent Midnight Glacier airdrop . Not just that, another factor changing the sentiment was the recent launch of Coinbase’s cbADA on its Layer 2 network, Base, which adds to the bullish outlook. This wrapped version of ADA could significantly enhance Cardano’s utility across decentralized finance protocols. As ADA continues to trade steadily near $0.57, the timing of this launch could be pivotal in propelling the asset into a new growth cycle. Keep reading to know more. Analyst Projects Cardano Price To Hit $2 As of now, ADA crypto is trading at $0.57, reflecting a 2% decline over the past day and nearly 24% over the last month. The cryptocurrency continues to follow a downward trend, confined within a descending channel. Yet, the Cardano price recently found support at April’s low, coinciding with the lower band of the Bollinger Bands. Interestingly, the Bollinger Bands have begun to narrow, suggesting that ADA price action is attempting to bounce off the lower band. If ADA price gains momentum, especially with the upcoming Midnight airdrop potentially boosting activity, it could test the resistance range of $0.60 to $0.62 towards the Bollinger band’s baseline. Should it break through this level, a move toward $0.70 might be on the horizon in the short term. On the contrary, if ADA crypto fails to sustain its price above $0.55, then the next significant support level lies near $0.52-$0.50. Despite the recent lower lows, some analysts remain optimistic and are projecting ambitious targets. In a recent YouTube video , crypto analyst Dan Gambardello projected a bold target for ADA price. Dan predicts that ADA could replicate its previous bull cycle, and could rally to $2 within weeks or months, contingent on broader market conditions. That said, if the overall market sentiment remains positive and ADA price can overcome key technical barriers, it may be poised for substantial gains in the coming months. [article_inside_subscriber_shortcode title=”Never Miss a Beat in the Crypto World!” description=”Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.” category_name=”Price Analysis” category_id=”6″] FAQs What is cbADA, and how does it benefit Cardano? cbADA is a wrapped version of ADA launched by Coinbase on its Layer 2 network, Base. It aims to enhance Cardano’s utility across various decentralized finance (DeFi) protocols by broadening its reach. How high could Cardano go by the end of 2025? According to our Cardano price prediction, the altcoin’s price could hit a maximum of $2.05 in 2025. Can Cardano overtake Ethereum? Even the most bullish of Cardano supporters acknowledge that Cardano will only potentially surpass Ethereum within 18 to 20 years.
Summary I rate RIOT a hold at $9.09/share, reflecting a balanced outlook amid operational growth and competitive pressures in data center hosting. Riot Platforms’ expansion at Corsicana and the Rhodium acquisition may boost power and hash rate, but legal and market risks can potentially persist. The data center hosting market is highly competitive, with hyperscalers like Oracle dominating the market. Riot’s Bitcoin mining profitability may be pressured by rising power costs and Bitcoin price volatility, limiting near-term upside despite strong Bitcoin treasury holdings. Riot Platforms ( RIOT ) is in the process of expanding its Corsicana facility from 400MW to 600MW in capacity with the intention of hosting third-party hyperscalers at its data center site. With the ambition of navigating into a new market opportunity, I believe Riot may face certain hurdles in hosted shared space given the current competitive market environment. Valuing RIOT as an organization, I believe shares should be priced at $9.09/share at 5.41x eFY26 price/sales. I am recommending RIOT shares with a hold rating. Riot Platforms Operations Corporate Reports Riot closed the acquisition of certain assets of Rhodium at the Rockdale Facility in Q1’25. The acquisition included Rhodium’s 125MW of power capacity, as well as its existing operating assets at the facility. The acquisition was valued at $185mm, inclusive of $49mm in Riot common shares. In addition to acquiring the facility, compute capacity, and power capacity, Riot and Rhodium entered into an agreement to conclude all litigation. Prior to the announced acquisition, Rhodium filed a $300mm suit against Riot as a result of Riot’s acquisition of Whinstone and the cancellation of Rhodium’s power supply agreement for 100MW of power. Years prior, in 2023, Riot filed a suit against Rhodium over an alleged $26mm in unpaid fees. Staying on the topic of litigation, investors filed a suit against Rhodium in December 2024, suggesting that Rhodium misled investors by concealing critical information and engaging in self-dealing. The suit also suggests that Rhodium failed to disclose the pending sale of the organization’s operating facilities to Riot, creating conflict over power contracts. Given that Rhodium’s sale was an asset sale as opposed to the company being absorbed by Riot, Riot may be somewhat shielded from the suit. Other legacy suits were filed in Riot’s March 2025 10-Q , bearing no mention of the investor suit. As a result of the acquisition, management is anticipating increased hash rates, reduced operating losses, and gained power capacity for future development. At the end of Q1’25, Riot had 33.7EH/s in capacity, producing a total of 1,530 Bitcoin in the quarter. Riot began purchasing Bitcoin in Q4’24 to bolster its treasury while leveraging its holdings for a collateralized $100mm credit facility through Coinbase . Accordingly, this credit facility will ideally provide Riot with adequate financing to slow the dilution of the float. Riot ended Q1’25 with 19,223 Bitcoin. Using $105k as the base price, Riot’s Bitcoin holdings amount to $2b. TradingView As part of its growth strategy, Riot invested a substantial proportion of its capital outlay for Q1’25 in the development of its 600MW substation expansion at the Corsicana facility in Navarro County, Texas. According to Riot’s website , the facility currently has 400MW in capacity, with the option to expand to 1GW. Using a like-for-like approach, the expansion to 600MW should get the facility to 23.55EH/s in capacity. The data center buildout may also involve sourcing data center tenants, primarily targeting hyperscaler customers. Though data center hosting may be an appealing market for Riot, Riot will be competing with Oracle Corp . ( ORCL ), which develops purpose-built data centers with Oracle Cloud Infrastructure as well as engages in a MultiCloud strategy, developing data center sites for hyperscaler customers. The growth factor management mentioned was that the existing GenAI capacity calls for 5GW of capacity with the expectation of growing to 30GW by 2030. Though this may be the case, I suspect a significant proportion of capacity will derive from enterprises rather than consumers, potentially limiting the full, total addressable market to a narrower figure. In addition to this, hyperscalers are investing in developing their data center footprints given the size and scale of compute capacity needed to operate AI models on their infrastructure. Referencing Oracle’s data center developments, OpenAI has partnered with Oracle to develop its first 1.2GW site in Abilene, Texas , and will likely continue working with Oracle for new site developments. What makes Oracle’s data center business stand out above Riot is that Oracle develops modular, autonomously operating data center facilities. Though I have no doubt that Riot will be successful in enticing tenants for its AI/HPC data center site, I believe that the data center hosting business will be fierce, particularly when considering the total cost to operate. The area in which I can see Riot competing is in its engineering and manufacturing business with ESS Metron for critical switchgear. This business could potentially add value to third-party customers in the data center business and may help debottleneck the electrical equipment market. Riot Platforms' Financial Position Corporate Reports One of the biggest costs Riot must address in Bitcoin mining, net of machine depreciation, is the cost of power. In the organization’s FY24 presentation , Riot reported that the cost to mine a single Bitcoin was 96.9% of the value of the coin. Corporate Reports Granted, the price per Bitcoin is substantially higher today when compared to all of FY24; however, power consumption may be a persistent headwind, particularly as electricity prices are set to increase with power demand for growing data centers and industrial footprints. Net of Bitcoin price appreciation, increasing power costs can create significant headwinds for Riot in the coming quarters, particularly as more connected infrastructure is added to the grid. TradingView Looking to eQ2’25, I’m forecasting Riot to generate $152mm in net revenue, with a diluted EPS of -$0.23/share. This is predicated on strong Bitcoin mining growth and sales for the quarter as a result of the high value of Bitcoin quarter-to-date. Risks Related to Riot Platforms Bull Case The price of Bitcoin has created a more appealing operating environment for Riot, potentially leading to the organization delivering positive adjusted EBITDA for eQ2’25. With data center power capacity being widely constrained, the organization may be well-positioned to advantageously take on hosted customers, potentially expanding its brand beyond Bitcoin mining and engineering operations. Bear Case The data center environment is highly competitive, potentially creating certain challenges for Riot to enter the space. The organization has also faced legal challenges relating to contractual power distribution that may deter third-party hyperscaler customers. Bitcoin remains highly volatile and may not sustain its $105k+/- price range, potentially impacting Riot’s revenue stream going forward. Valuation & Shareholder Value Corporate Reports RIOT currently trades at 1.61x price/BV BTC, assuming a $105k price per Bitcoin. This is relatively comparable to its competitor CleanSpark ( CLSK ), which trades at roughly 1.89x, considering its 12,502 Bitcoin holdings. Despite this factor, investors in RIOT must consider its other operating unit in engineering and its aim to act as a data center host, creating a certain operating complexity when compared to CleanSpark. Valuing RIOT as an organization, I believe shares should be priced at $9.09/share at 5.41x eFY26 price/sales. I am recommending RIOT shares with a hold rating. Corporate Reports Using the model: the valuation table above references my financial forecast in the firm’s “financial position” section and ties it to the stock’s historical trading premiums. The trading premium array is derived through the normal operating cycle, with the blue-sky scenario being the stock’s peak multiple and the gray-sky scenario being the lowest point. The target multiple aims for the midpoint, or the most likely trading range for the company’s stock. The trading multiples from there are set to a probability factor based on the likelihood of the stock trading at that premium based on its historical presence. From there, the trading multiple is tied to the probability factor to derive its relative market cap and relative multiple.
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A widely followed analyst believes Bitcoin ( BTC ) will remain on a bullish trend despite the daily fluctuations in price. The analyst pseudonymously known as Pentoshi tells his 867,400 followers on the social media platform X that on the higher time frames, the Bitcoin trend is up and the day-to-day fluctuations in price are just “noise.” According to Pentoshi, the demand for Bitcoin is currently outstripping the new supply of Bitcoin and more demand is likely to come in amid potential currency debasement. “There is factually more BTC being bought on any given day than is being mined. Until that trend changes, try to just relax a bit and enjoy the ride. It increasingly looks like more debasing will occur. And BTC is a hedge against debasement.” Pentoshi, however, warns that there’s danger lurking for Bitcoin from the corporations accumulating the crypto king in their balance sheets. The widely followed analyst says some of these companies will “hurt” Bitcoin in a couple of years when they will be potentially forced to liquidate their BTC holdings to pay the debt they will have incurred for purposes of accumulating the flagship digital asset. “I think many will end up being forced sellers eventually. When some of the notes come due.” Bitcoin is trading at $107,875 at time of writing. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Crypto Analyst Bullish on Bitcoin, Says Demand Outstripping New BTC Supply – But There’s a Catch appeared first on The Daily Hodl .