Crypto World
Anthropic and CoreWeave Enter Collaborative AI Agreement
CoreWeave, a publicly traded AI cloud infrastructure company, announced on Friday a “multi-year” agreement with AI developer Anthropic, which will use CoreWeave’s cloud computing data centers for its Claude AI model workloads.
The agreement will be rolled out in phases, with the “potential to expand over time,” according to CoreWeave’s announcement.
Shares of CoreWeave surged more than 12% on Friday and are trading at $102.73 at the time of writing.
The agreement follows CoreWeave’s recent $8.5 billion capital raise, led by tech giant Meta Platforms.
The financing was collateralized against CoreWeave’s deployed computing capacity, which is tied to predictable cash flows, rather than its graphics processing unit hardware, marking a notable departure from traditional crypto mining financing structures.
CoreWeave pivoted away from crypto mining and rebranded as an AI infrastructure company in 2019, as the mining sector faced prolonged economic pressure following the 2018 crypto market downturn.
Related: Core Scientific secures up to $1B credit from Morgan Stanley for data centers
AI continues to draw miners away as economic headwinds hamper the crypto industry
Bitcoin (BTC) miners are struggling with rising energy costs, reduced rewards and declining crypto asset prices, leading many to repurpose their mining hardware for AI processing.
Up to 20% of Bitcoin miners are unprofitable in the current economic environment, according to asset manager CoinShares’ latest mining report.
Crypto miners must generate yield on their assets by deploying their crypto on decentralized finance (DeFi) platforms to shore up declining revenues, according to market maker Wintermute.
The mining industry’s economic challenges worsened after the October 2025 market crash, which took BTC down from a high of about $126,000 to the low $60,000 range. Prices have since stabilized around $73,000.
The high costs of mining and shrinking profit margins threaten the viability of Bitcoin mining, with AI workloads becoming much more attractive in this environment, according to market analyst Ran Neuner.
“Both industries compete for the same thing: electricity, and right now, AI is willing to pay much more for it,” he said.
Magazine: AI has dramatically accelerated the quantum threat to Bitcoin: AI Eye
Bitcoin institutions are betting on both sides of the market at $72,000, buying $80,000 call options while simultaneously purchasing downside protection, as Friday’s CPI data and US-Iran peace talks in Islamabad leave direction entirely unclear.
Summary
- Institutional traders are buying $80,000 call options while also loading downside protection.
- Bitcoin has stalled at $72,000 as investors await clarity from the CPI print and Iran ceasefire talks.
- US-Iran peace negotiations in Islamabad this weekend could provide the next decisive directional catalyst.
Bitcoin has been range-bound near $72,000 on April 10, with institutional positioning reflecting deep uncertainty about the next major move. Investors are not choosing a direction; they are hedging both sides simultaneously.
According to CoinDesk, institutions are buying call options targeting $80,000 while simultaneously purchasing puts for downside protection. That dual positioning reflects hesitation rather than conviction, with neither bulls nor bears willing to fully commit ahead of this weekend’s geopolitical and economic catalysts.
Trump said he was “in deep negotiations” with Tehran heading into the Islamabad talks, and the gap between a deal and a breakdown has left institutional traders unwilling to pick a side. Bitcoin has traded in a range of roughly $65,000 to $73,000 since the Iran war began.
CPI and Iran Talks Are the Two Key Catalysts
Friday’s US inflation report came in softer than expected on core measures, with core CPI rising just 0.2% against a 0.3% forecast. The print eased some short-term rate fears but did not provide enough clarity to break Bitcoin out of its established range.
The more consequential event may be the Islamabad talks. As crypto.news reported, a fragile two-week ceasefire was agreed last Wednesday, but investor caution has persisted as the Strait of Hormuz remains only partially reopened and Iran has proposed a $1 per barrel crypto toll on tanker passage.
What a Resolution Could Mean for Price
As crypto.news noted, a confirmed agreement could open the door for a move toward the $75,000 region, as easing tensions would support risk appetite across financial markets. Failure to reach a deal could shift sentiment in the opposite direction, with Bitcoin retesting lower support levels and altcoins bearing the heavier losses.
The Iran peace talks that energy and financial markets have been tracking for weeks are underway today in Islamabad, with Vice President JD Vance joining envoys Steve Witkoff and Jared Kushner for the first face-to-face meeting since the fragile two-week ceasefire was brokered by Pakistan.
Summary
- JD Vance is heading to Islamabad today to join Steve Witkoff and Jared Kushner in direct negotiations with Iran.
- This is the first face-to-face meeting since Pakistan brokered the fragile two-week ceasefire last week.
- The outcome could directly move oil, crypto, and global financial markets depending on whether a durable agreement is reached.
The highest-stakes diplomatic event since the six-week US-Iran war began is now underway in Pakistan’s capital. Vice President JD Vance arrived in Islamabad on April 10 to join the American negotiating team for direct talks with Iranian officials, a meeting that markets have been pricing for days.
Vice President Vance is joining US Special Envoy Steve Witkoff and Jared Kushner, who led earlier negotiating rounds that were derailed twice when US and Israeli air strikes resumed. According to Democracy Now!, Vance’s presence signals Washington is treating this as the final opportunity to secure a durable agreement before military options are reconsidered.
Pakistan brokered what sources describe as the “Islamabad Accord” framework, a two-phase plan beginning with an immediate ceasefire and leading into negotiations for a permanent end to the conflict and the full reopening of the Strait of Hormuz. As crypto.news reported, last week’s ceasefire triggered a sharp drop in oil prices and a Bitcoin rally above $72,000.
What Iran Wants and Where the Gaps Remain
Trump said the two sides were “in deep negotiations” heading into Islamabad and that the US had received a 10-point proposal from Iran that served as a workable starting framework. Iranian officials, however, have insisted any final deal must include guarantees against future US and Israeli attacks, sanctions relief, and compensation for wartime infrastructure damage.
Iran has also proposed a $1 per barrel toll on tankers crossing the Strait of Hormuz, paid in cryptocurrency, a demand Washington has not formally accepted. As crypto.news noted, even after the ceasefire, Iran’s continued restriction of Hormuz traffic drew criticism from the European Union and global partners who called for full and free passage of the waterway.
Market Implications
Oil prices fell below $100 per barrel after the ceasefire was announced last week, but they have remained volatile as traders wait to see whether a permanent agreement emerges from Islamabad. A full diplomatic resolution would remove the war premium from energy markets and ease the inflation pressure that has kept the Federal Reserve cautious on rate cuts.
For crypto markets, a successful outcome in Islamabad is the clearest near-term upside catalyst, with analysts projecting a Bitcoin move toward $75,000 if geopolitical risk is sustainably removed from the equation.
House Republicans shut down an Iran war powers resolution on April 10, with Speaker Pro Tempore Chris Smith gaveling the pro forma session to a close before Maryland Democrat Glenn Ivey could propose limiting President Trump’s authority to continue the war with Iran.
Summary
- Republican Speaker Pro Tempore Chris Smith gaveled the session closed before Rep. Glenn Ivey could introduce the Iran war powers resolution.
- Congress is now adjourned until 2:30 PM on Monday, April 13, 2026.
- The blocked resolution would have forced a vote to limit President Trump’s ability to continue the Iran conflict.
In a move that lasted seconds, House Republicans prevented Democrats from forcing a war powers vote on April 10. The brief pro forma session ended before Representative Glenn Ivey of Maryland could formally request unanimous consent to advance a resolution limiting Trump’s Iran war authority.
Rep. Glenn Ivey rose during the pro forma session and asked colleagues to “pass an Iran war powers resolution by unanimous consent.” Before he could finish, Republican Speaker Pro Tempore Chris Smith gaveled the session closed. According to Democracy Now!, Congress then adjourned until 2:30 PM on Monday, April 13, 2026.
The war powers resolution would have invoked the War Powers Resolution Act of 1973, which requires congressional authorization for sustained military engagements. The US-Iran conflict has exceeded the law’s 60-day threshold.
Why Democrats Are Pushing and Republicans Are Blocking
Democrats have argued the Iran conflict requires formal congressional authorization to continue, particularly as the six-week war has disrupted global energy markets and kept Bitcoin locked in a $65,000 to $73,000 range. As crypto.news reported, Bitcoin’s every move higher during the conflict has been directly tied to ceasefire chatter, and every breakdown has triggered rapid selloffs.
Republicans have declined to limit presidential war powers during active negotiations, arguing that constraining Trump’s authority while diplomats are at the table in Islamabad would weaken Washington’s negotiating position with Tehran.
What Happens Next
Congress returns on April 13, the same day the Senate resumes from Easter recess and the same week the CLARITY Act Banking Committee markup is targeted. Democrats are expected to renew their push on the war powers resolution, though their path remains blocked without a Republican willing to break ranks.
As crypto.news noted, markets are watching whether the Islamabad talks produce a durable agreement before Congress reconvenes. Any breakdown in the ceasefire negotiations could immediately reignite volatility across oil and crypto markets, making April 13 a convergence point for regulatory, geopolitical, and market risk simultaneously.
AI crime solving tools are being adopted at an accelerating pace by police agencies across the United States, with results that can be dramatic but that experts and civil liberties advocates say come with serious risks of false leads, wrongful investigations, and violations of due process.
Summary
- US police departments are increasingly using AI to accelerate criminal investigations and pattern recognition.
- Experts warn of risks including AI-generated false leads that could harm innocent people.
- The Washington Post reported April 10 on the growing adoption of AI crime tools across American law enforcement.
The use of artificial intelligence by American law enforcement is no longer experimental. According to The Washington Post, police agencies across the country are deploying AI tools to help investigators analyze evidence, flag patterns, and generate leads faster than traditional methods allow. The results have drawn attention. So have the concerns.
AI tools are being used across US law enforcement for functions including facial recognition, predictive policing, evidence analysis, and cross-database pattern matching. The technology allows investigators to process information at a scale and speed that would not be possible manually, and law enforcement officials say it has helped close cases that might otherwise have gone cold.
The CIA has signaled a parallel move in the intelligence community. As crypto.news reported today, CIA Deputy Director Michael Ellis confirmed the agency plans to integrate AI co-workers across all analytic platforms within two years to help officers identify foreign intelligence trends and draft reports, with Ellis stating the CIA “cannot allow the whims of a single company to constrain our capabilities.”
What Experts Are Warning About
The concerns raised by researchers and civil liberties advocates center on three main areas: the accuracy of AI-generated leads, the lack of transparency in how AI systems reach their conclusions, and the potential for errors to harm innocent people before they can be identified and corrected.
AI systems trained on biased data can generate biased outputs, and in a law enforcement context, a false lead from an AI tool can trigger surveillance, questioning, or arrest before the error is caught. As crypto.news noted, AI has already demonstrated its ability to scale deceptive operations in financial and digital contexts, with blockchain intelligence firm Elliptic warning that “the vast majority of AI-related threats in crypto are in their infancy” while urging vigilance.
The Accountability Question
The deepest concern is structural: when an AI tool generates a lead that leads to a wrongful investigation, who is accountable? Law enforcement agencies have not yet produced clear answers on oversight, audit mechanisms, or remediation. The Washington Post’s April 10 reporting suggests the adoption of these tools has accelerated faster than the accountability frameworks meant to govern them.
Prediction markets around NASA’s Artemis II mission have drawn traders to stake on outcomes and post-flight statements. The ten-day crewed lunar flyby, featuring four astronauts aboard the Orion spacecraft, has become a focal point for market-based event contracts hosted on platforms like Kalshi and Polymarket. The mission, launched from Florida on April 1, is expected to return to Earth with a splashdown around 12:07 am UTC on Saturday, capping a voyage that aims to be the first crewed lunar encounter since the Apollo era.
As of Friday, the volume on Artemis-related event contracts hovered at just over $4,000, illustrating a nascent but real appetite for space events among prediction-market participants. A number of contracts revolved around whether Artemis II would achieve a lunar milestone and what NASA officials would say during the post-splashdown news conference. Kalshi’s market book also included a Moon-landing contract with probabilities pegged at 63% for a manned lunar landing by 2030 and 41% for 2029, underscoring a mixed sentiment on timing.
Key takeaways
- Prediction markets show early-stage liquidity around Artemis II, with around $4k in volume recorded to date.
- Traders are wagering on post-landing remarks, with bets focusing on NASA’s press conference content and potential references to radiation, damage, or political terms.
- Artemis II marks NASA’s first crewed lunar flyby in more than five decades, setting the stage for future lunar milestones and a planned 2028 lunar landing target.
- Separately, Nvidia-backed Starcloud unveiled plans to mine Bitcoin from space, signaling broader ambitions for space-based infrastructure in crypto operations.
Artemis II and the evolving role of prediction markets
Kalshi and Polymarket have offered event contracts tied to Artemis II, including a direct Moon-landing bet and ancillary outcomes tied to mission communications. Market participants have shown particular interest in what NASA will say during the splashdown news conference, with several contracts centered on language and topics that could emerge in that briefing. The modest liquidity — just over $4,000 in trading volume as of Friday — suggests a cautious audience: investors are testing the waters on high-profile space events without yet embracing large-scale risk.
NASA’s Orion spacecraft completed the Moon flyby with a four-person crew after liftoff from Florida on April 1. Artemis I — NASA’s 2022 precursor mission that orbited the Moon without a crew — paved the way for Artemis II, which aims to validate life-support, navigation, and other deep-space systems ahead of planned crewed landings by 2028. If the timelines hold, Artemis II’s success would lend credibility to future spaceflight milestones and could influence how markets price similar event risk in the future.
Space mining and the broader narrative
Beyond the Moon mission, the crypto space is intersecting with space infrastructure in other ways. In March, Starcloud, an Nvidia-backed orbital data center company, announced plans to mine Bitcoin from space. The plan envisions deploying solar-powered orbital data centers with ASIC miners to operate in Earth orbit, a concept that would blend aerospace and crypto hardware in a way few projects have attempted. CEO Philip Johnston described the approach as a long-range endeavor that leverages the inexhaustible energy of space to power mining operations.
While space mining remains speculative, the news highlights a broader appetite among crypto and tech firms to explore cross-domain applications of blockchain technology and computational power. In the near term, Artemis II market activity demonstrates how prediction markets continue to adapt to high-profile events outside traditional finance, even as questions about liquidity, market integrity, and regulatory oversight linger — particularly for bets tied to geopolitical developments.
Looking ahead, Artemis II’s splashdown and NASA briefings will shape how these markets price space event risk, while regulators’ responses to geopolitics bets may influence the future of prediction-market platforms.
AI cybersecurity is now a formal competitive front between OpenAI and Anthropic, with OpenAI finalizing an advanced security product for a limited partner release and Anthropic running a tightly controlled effort called Project Glasswing aimed at finding critical software vulnerabilities before attackers do.
Summary
- OpenAI is finalizing an AI cybersecurity product for release first to a limited set of partners.
- Anthropic’s Project Glasswing is a controlled initiative focused on hunting critical software vulnerabilities proactively.
- Both efforts raise fundamental questions about who controls AI offense and defense tools and who is responsible when things go wrong.
Artificial intelligence has moved from a tool that helps defenders understand threats to one that can independently find and exploit vulnerabilities. OpenAI and Anthropic are now building directly into that space, with implications for governments, enterprises, and the millions of software systems that underpin global financial infrastructure.
OpenAI is finalizing an AI cybersecurity product with advanced capabilities and plans to release it initially to a limited partner group, according to Tech Startups. Anthropic is running a parallel effort internally called Project Glasswing, a tightly controlled initiative designed to hunt down critical software vulnerabilities before malicious actors find them first.
The dual announcements mark a shift in how the two leading AI labs are positioning themselves. Both are moving from general-purpose AI into security-specific products with direct offensive and defensive capability. The question is no longer what AI can do in cybersecurity. It is who controls it and who is accountable when it goes wrong.
What Anthropic’s Track Record Shows
Anthropic has already demonstrated the scale of what AI security tools can achieve. As crypto.news reported, the company limited access to its Claude Mythos Preview model after early testing found it could uncover thousands of critical vulnerabilities across widely used software environments, including a 27-year-old bug in OpenBSD and a 16-year-old remote execution flaw in FreeBSD. Anthropic said: “Given the rate of AI progress, it will not be long before such capabilities proliferate, potentially beyond actors who are committed to deploying them safely.”
Industry data cited by Anthropic shows a 72% year-on-year increase in AI-powered cyberattacks, with 87% of global organizations reporting exposure to AI-enabled incidents in 2025. Project Glasswing is being positioned as Anthropic’s controlled effort to stay ahead of that curve.
The Risk of Dual-Use AI Security Tools
The deeper issue for regulators and the industry is that the same AI tool that finds a vulnerability defensively can find it offensively. As crypto.news noted, a joint study by Anthropic and MATS Fellows found that Claude Sonnet and GPT-5 could produce simulated exploits against Ethereum smart contracts worth $4.6 million in testing, and uncovered two novel zero-day vulnerabilities in nearly 3,000 recently deployed contracts.
That dual-use reality makes the controlled rollout strategies both companies are pursuing essential. But the question of whether limited access is enough to prevent proliferation is one neither lab has fully answered.
Investors piled $269.3 million into BlackRock’s iShares Bitcoin Trust on Thursday, in its best-performing day since early March, around the time the US-Iran war started to kick into high gear.
The inflows helped to end two days of net outflows among the 12 US spot Bitcoin ETFs, which recorded a net inflow of $358.1 million.
Bitcoin ETF inflows are just one way to gauge retail and institutional demand for Bitcoin.
The Fidelity Wise Origin Bitcoin Fund (FBTC) brought in the second most inflows at $53.3 million, while the new Morgan Stanley Bitcoin Trust (MSBT) was the next biggest contributor, recording $14.9 million on its second day of trading, according to data from Farside Investors.
The Bitcoin ETFs issued by Bitwise and ARK 21Shares saw $11.7 million and $4.8 million worth of inflows, while Franklin Templeton and VanEck’s Bitcoin products tallied around $2 million.
BlackRock’s IBIT has now seen $1.5 billion worth of net inflows this year, withstanding a broader crypto market pullback, which has seen Bitcoin’s price fall from a 2026 high of $97,000 to $72,100 at the time of writing.
BlackRock’s digital assets head, Robert Mitchnick, said in March that investors of BlackRock’s IBIT have shown to be “disproportionately long-term buy and hold” investors — even when there’s been strong selling pressure elsewhere in the Bitcoin ecosystem.
Related: Bitcoin may hit $110K as Strategy absorbs nearly 3x new BTC supply
Meanwhile, Morgan Stanley’s digital asset head, Amy Oldenburg, noted in an interview with Bloomberg on Thursday that MSBT was the institutional bank’s best-performing ETF launch ever.
“This is just the first of a long roadmap of new products on the asset management side,” Oldenburg said.
Morgan Stanley has also filed to list a staked Ether (ETH) ETF and Solana (SOL) ETF.
With the latest day of inflows, US spot Bitcoin ETFs are now close to tipping back to a year-to-date net inflow.
The Bitcoin ETFs finished 2025 at $56.59 billion in net inflows and are currently at $56.51 billion, meaning that they’re just $80 million away from clawing back to their inflow figures at the start of the year.
Magazine: Bitcoin may face hard fork over any attempt to freeze Satoshi’s coins
Aethir, a decentralized GPU cloud infrastructure designed for artificial intelligence, confirmed an attack on its bridge contracts and said it halted the exploit.
The platform said Friday that it had detected and contained an attack on its Aethir (ATH) bridge contracts connecting Ethereum to other chains.
The team behind Aethir said it promptly disconnected the compromised contracts upon detection and worked with major exchanges to blacklist tracked wallets, limiting losses to under $90,000.
The update came the day after the blockchain analytics platform PeckShield reported an exploit of Aethir’s cross-chain smart contract, AethirOFTAdapter, on Thursday. Estimating the losses at $400,000, PeckShield said the exploiter bridged the stolen funds from the BNB Chain to Tron, pointing to several addresses.
Aethir’s response comes amid a broader wave of hacks in decentralized finance (DeFi), where attackers stole nearly $170 million from dozens of protocols in the first quarter of 2026.
Aethir plans compensation, says main ATH supply on Ethereum is unaffected
After disconnecting the compromised contracts, Aethir said its main ATH supply on Ethereum is fully intact and unaffected.
The platform said it will release a full compensation plan next week and share a list of attacker wallets, along with a detailed post-mortem and repayment plan on Discord.
“Aethir remains fully operational,” Aethir said, adding that the platform is working with authorities and exchanges to freeze funds and trace the attackers.
Related: Drift sends onchain message to wallets tied to $280M exploit
Among partner exchanges that responded to the attack, Aethir mentioned exchanges such as Binance, South Korea’s Upbit and Bithumb, as well as HTX. It noted that the Web3 cybersecurity platform ZeroShadow contributed to the hack investigation by providing expert analysis.
Aethir reported record revenue in 2025
Aethir is a decentralized GPU cloud computing network that provides distributed infrastructure for AI, gaming and enterprise workloads. Instead of relying on centralized data centers, Aethir aggregates GPU resources across a global network.
The platform reported $127.8 million in revenue in 2025, saying its decentralized physical infrastructure network (DePIN) stack counted at least 440,000 GPU containers across 94 countries by the end of the year.
The platform is backed by major Web3 investors, including Animoca Brands, Hashkey and others, with over $140 million in funds raised for the ecosystem.
Magazine: Nobody knows if quantum secure cryptography will even work
AI therapy chatbots are the target of accelerating state-level legislative bans, with Maine sending a prohibition bill to the governor on April 10 and Missouri moving a similar measure through an omnibus health care bill.
Summary
- Maine’s LD 2082 would prohibit clinical use of AI in mental health therapy while allowing administrative applications.
- Missouri’s HB 2372 would ban AI from therapy, psychotherapy, and mental health diagnosis, with a $10,000 first-violation penalty.
- The legislation reflects a growing state-level consensus that AI should not replace licensed human therapists in clinical settings.
Two US states moved this week to formally restrict or ban the clinical use of AI in mental health therapy, reflecting a surge in legislative activity targeting therapy chatbots that has picked up significant speed in 2026. The actions in Maine and Missouri are the clearest examples yet of how states are moving faster than the federal government on AI mental health regulation.
Maine’s LD 2082 was sent to the governor on April 10. The bill would prohibit the clinical use of AI in mental health therapy while allowing it in purely administrative roles. Missouri’s HB 2372 goes further, covering therapy services, psychotherapy services, and mental health diagnoses, with a $10,000 penalty for first violations enforced by the state Attorney General, according to the Transparency Coalition.
The distinction both bills draw, between clinical treatment and administrative support, reflects a legislative approach that aims to preserve AI’s efficiency benefits in healthcare while drawing a firm line against AI replacing licensed clinical judgment in therapeutic settings.
Why States Are Acting Now
The surge in state-level AI regulation is driven in part by the rapid proliferation of commercial therapy chatbot products marketed directly to consumers, some of which have been deployed in clinical or clinical-adjacent settings without the same oversight applied to human practitioners. Critics say these products have been reaching vulnerable people while regulatory frameworks remained largely silent.
As crypto.news reported, AI is now being embedded across government agencies in sensitive analytical roles, creating pressure on policymakers at every level to define where AI can and cannot substitute for human judgment. The therapy chatbot bans are a direct legislative answer to that pressure in a healthcare context.
The Broader AI Regulation Trend
The therapy chatbot bans are part of a wider legislative wave. More than 10 anti-prediction market bills have been introduced in Congress since January 2026, and state legislatures across the country have filed dozens of AI-focused measures targeting different sectors.
As crypto.news noted, the federal government is simultaneously accelerating AI adoption and fighting legal battles over where AI authority begins and ends. States appear to be filling the vacuum, passing binding restrictions on specific high-risk applications while Washington debates broader frameworks.
New BTC price analysis predicted that the bear market would bottom out later in the year, before beginning a “two-year accumulation phase.”
Bitcoin (BTC) should find a floor near $55,000 in the second half of 2026, a new prediction says.
Key points:
-
Bitcoin’s MVRV Z-score metric still needs to match old bear-market bottoms to signal trend change, says CryptoQuant.
-
That should result in a trip to $55,000 in late 2026 before a market rebound.
-
Going forward, the next cycle top is expected in the second half of 2029.
Bitcoin MVRV Z-score gives new $55,000 target
In one of its “Quicktake” blog posts on Friday, onchain analytics platform CryptoQuant set out the timeline for Bitcoin’s next “iron bottom.”
“Bear market bottoming is a marathon of exhaustion,” contributor Sunny Mom wrote.
“While data suggests we are halfway through, a final ‘wash-out’ is likely still ahead. As the saying goes: history may not repeat itself, but it often rhymes.”
CryptoQuant flagged three onchain indicators to support the theory that the next bear-market bottom is still ahead. Among them is the market value to realized value (MVRV) Z-score.
MVRV measures the price at which the BTC supply last moved, also known as its realized cap, versus the value of all BTC in existence (its market cap). The Z-score divides the resulting ratio by the standard deviation of market cap, giving clear “overvalued” and “undervalued” ranges for Bitcoin at a certain price point.
“This valuation metric is cooling but has yet to enter the negative/undervalued zone,” the analysis noted.
“Every ‘iron bottom’ in history has seen this score dip below zero; currently, the market is merely cooling, not despairing.”
The last time that the MVRV Z-score dipped below zero was during the bottoming phase of Bitcoin’s last bear market in 2022. Sunny Mom sees history “rhyming” between October and December this year.
“Target: $55K – $60K, coinciding with a sub-zero MVRV Z-Score,” they concluded.
Bottom to precede “two-year accumulation phase”
In January, Cointelegraph reported on two-year rolling Z-score values already undercutting old bear-market floors and other periods of intense market stress.
Related: Bitcoin RSI ‘nearly perfectly’ copying end of 2022 bear market: Analysis
At the time, crypto trader Michaël van de Poppe predicted that Bitcoin was “near the end” of its latest macro drawdown.
Meanwhile, Crypto Mom saw the second half of 2029 as a likely blow-off top for Bitcoin’s next bull run.
“Rationale: Following a late 2026 bottom, we expect a two-year accumulation phase,” they argued, without giving a price target.
“Combined with the April 2028 Halving, the market typically peaks 12–18 months post-halving, making late 2029 the likely window for the next parabolic bull run.”
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research before making any decisions. Cointelegraph makes no guarantees regarding the accuracy or completeness of the information presented, including forward-looking statements, and will not be liable for any loss or damage arising from reliance on this content.
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