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Analysts
Bitcoin Could Hit $90K by Year End if Trump Becomes President Again: Bernstein
If Kamala Harris wins, the world's largest cryptocurrency could drop to as low as $30K, the report said.

Crypto Market to Stay Highly Correlated to Stocks Amid Macro Events and Dwindling Network Activities, Citi Says
The network activity has also been falling on Ethereum and stalling on the Bitcoin blockchain, the report said.

Crypto Market Lacks Major Near-Term Catalysts, JPMorgan Says
Total crypto market cap was $2.02 trillion at the end of August, a 24% decline from this year's peak of $2.67 trillion in March, the report said.

Crypto Market Has Evolved in the Past Year, Canaccord Says
The digital assets industry has bounced back from the collapse of crypto exchange FTX and returned to growth in the past 12 months, the report said.

Ether Spot ETF Flows Have Underwhelmed Versus Bitcoin: JPMorgan
Spot ether exchange-traded funds have seen net outflows of $500M since their launch, the report said.

Telegram CEO's Arrest Is Unlikely to Be the Last: Galaxy
Telegram and Pavel Durov were probably resisting takedown or information requests from Europe or France, the report said.

Crypto Market Has Struggled Since Spot Ether ETFs Started Trading: Citi
Demand for digital assets has dried up in recent weeks and both bitcoin and ether ETFs have seen net outflows in the last month, the report said.

Bitcoin Mining Opportunity Is Worth About $74B, JPMorgan Says
The Wall Street bank lowered its price targets for some miners to account for second-quarter results and changes in the bitcoin price and the network hashrate.

DeFi Summer Is Making a Comeback, Steno Research Says
Total value locked across the crypto ecosystem is expected to reach an all-time high in the first half of next year, the report said.

Cipher's Bitcoin Mining Business Remains Compelling, Canaccord Says
The mining business is a standout in the sector in terms of exahash growth, operating performance and low power costs, the report said.
