Crypto analyst **Rekt Capital** warns of a potential correction in **Bitcoin**, predicting a drop to **$55,000**. While he acknowledges the possibility of a deeper correction, he believes it is unlikely at this point in the cycle.  He suggests that Bitcoin may have already hit a local bottom or is experiencing a shallower pullback. This prediction contrasts with other analysts who foresee a significant surge in Bitcoin in the fourth quarter of the election year.

**Rekt Capital** previously accurately predicted Bitcoin's pre-halving pullback. He suggests that a correction to **$55,000** would represent a **23.8% drop**.  He believes that a correction of this magnitude would be unlikely so soon after the recent deep correction that occurred in late April and early May.  

The crypto market remains highly volatile and unpredictable, with analysts offering contrasting views on Bitcoin's future.

Rekt Capital, a well-known crypto strategist, has issued a warning about a potential further correction for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39562507/peter-schiff-says-things-will-likely-get-much-worse-from-here-for-bitcoin-investors">suggesting a possible drop</a> to $55,000.
What Happened: The analyst, who has previously accurately predicted Bitcoin&#8217;s pre-halving pullback, recently stated that the cryptocurrency could correct to much lower levels.
In a YouTube <a href="https://www.youtube.com/watch?v=SMgaKRZtCXg">video</a> over the weekend, Rekt Capital speculated, &#8220;What if we were going see a deepest correction in the cycle, or at least equal to the deepest correction in the cycle of 23.8%? That would see us go to $55,000.&#8221;
However, he also suggested that a deeper drawdown is unlikely at this point in the cycle, and that Bitcoin has either already hit a local bottom ...<a href=https://www.benzinga.com/markets/cryptocurrency/24/06/39565057/bitcoin-may-face-another-correction-dropping-to-55-000-predicts-crypto-analyst alt=Bitcoin May Face Another Correction, Dropping To $55,000, Predicts Crypto Analyst>Full story available on Benzinga.com</a>

Loading...Loading...Rekt Capital, a well-known crypto strategist, has issued a warning about a potential further correction for Bitcoin BTC/USD, suggesting a possible drop to $55,000.What Happened: The analyst, who has previously accurately predicted Bitcoin’s pre-halving pullback, recently stated that the cryptocurrency could correct to much lower levels.In a YouTube video over the weekend, Rekt Capital speculated, “What if we were going see a deepest correction in the cycle, or at least equal to the deepest correction in the cycle of 23.8%? That would see us go to $55,000.”However, he also suggested that a deeper drawdown is unlikely at this point in the cycle, and that Bitcoin has either already hit a local bottom or is experiencing a more shallow pullback. Also Read: Anthony Scaramucci Says Crypto Will Soar If This Presidential Candidate Wins The Election: ‘I Think We'll See All-Time Highs For Bitcoin And Other Assets'"Is that a possibility that we see the deepest correction not too long after already seeing the deepest correction this cycle just after the halving? That was around late April, early May. We saw a record-breaking deep correction in this cycle. We eclipsed the early 2023 pullback, and it took a year and a half for that new record to come in,” the analyst said. “So to now talk about another record and another deep retrace occurring only a month-and-a-half later, I think that's a little bit too farfetched. I don't think we're going to eclipse that retrace depth for the deepest retrace in this cycle. I think it would be either this being the bottom already or a slight additional pullback,” he added.At the time of writing, Bitcoin was trading for $61,376.35, down by almost 5% in the last seven days. .Why It Matters: This prediction comes in contrast to the recent forecast by former Goldman Sachs executive Raoul Pal. Pal anticipated a significant surge in Bitcoin and the overall crypto market in the fourth quarter of the presidential election year.He stated that risk assets like Bitcoin typically experience rallies during Q4 of an election year, referring to this period as the “banana zone.” These contrasting views highlight the volatility and unpredictability of the cryptocurrency market.Now Read: Analyst Predicts Bitcoin To Reach Groundbreaking $100,000 MilestonePhoto: ShutterstockMarket News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Bitcoin May Face Another Correction, Dropping To $55,000, Predicts Crypto Analyst

Crypto Analyst Predicts Bitcoin Correction to $55,000

## Arthur Hayes on Bitcoin's Long-Term Outlook

**Arthur Hayes**, co-founder of BitMEX and CIO of Maelstrom, believes the current crypto bull market has significant room to grow, driven by ongoing global monetary trends. In a recent [interview](https://www.youtube.com/watch?v=7GpQPiF-RBg) with Kyle Chassé, Hayes argued that governments worldwide are far from done with aggressive monetary expansion.

He specifically pointed to U.S. politics under President Donald Trump's second term, suggesting that spending programs expected from mid-2026 could unleash massive liquidity. Hayes noted that if money printing becomes extreme, he might consider taking partial profits, but for now, investors are underestimating the potential influx into equities and crypto.

Hayes tied his outlook to broader geopolitical shifts, including the erosion of a unipolar world order. He believes such instability often leads policymakers to use fiscal stimulus and central bank easing to calm markets and citizens. He also raised concerns about potential strains in Europe, such as a French default destabilizing the euro, which could accelerate global money printing.

Addressing concerns about Bitcoin's performance after it hit a record $124,000 in mid-August, Hayes emphasized that Bitcoin vastly outperforms other assets like stocks, real estate, and gold when adjusted for currency debasement. He argued that traditional benchmarks appear weak compared to Bitcoin, and its dominance is clearer through the lens of long-term value preservation.

Hayes urged patience from investors, stating that Bitcoin's real edge comes from years of compounding outperformance rather than short-term gains. He concluded that with inevitable money creation through the rest of the decade, the crypto cycle could extend well into 2026.

![Bitcoin](https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F47b7f712ab1de4180258cf8cac4023a4dae4cb87-1920x1080.png&w=3840&q=75)

Arthur Hayes said relentless global money printing could extend crypto’s bull run into 2026, while urging patience from bitcoin investors.

Arthur Hayes Predicts Bitcoin Bull Run to Extend into 2026 Due to Global Money Printing

# Bitcoin Climbs Amid Economic Uncertainty

Bitcoin (BTC) is up about 4% over the past week, trading around $115,400, as mixed economic signals create a complex backdrop. While this is positive for the digital asset, it highlights growing concerns in the broader economy.

## Key Economic Drivers

Recent data has fueled expectations that the Federal Reserve might cut interest rates, making riskier assets like Bitcoin more attractive. Here's a breakdown:

- **CPI Data**: The headline Consumer Price Index rose 0.4% month-over-month in August, exceeding the expected 0.3%. This suggests inflation may be stickier than anticipated.
- **Labor Market Stress**: Jobless claims surged to 263,000, the highest since October 2021, and the U.S. added only 22,000 jobs in August, with unemployment climbing to 4.3%. Additionally, a massive downward revision of nearly 1 million jobs for the year ended March marks the largest in history.

![US Initial Jobless Claims](https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F423d776dec1dfe03c44ba0a9ce730e08f2013d7b-1760x1008.png%3Fauto%3Dformat&w=3840&q=75)
*Source: TradingEconomics*

The combination of higher inflation and weaker job growth has led some to mention "stagflation" in economic discussions, raising alarms about the health of the U.S. economy.

## Bitcoin's Price Action and Technicals

Despite economic headwinds, Bitcoin has shown resilience, approaching $116,000 and nearly closing the CME futures gap at $117,300 from August. The price action is constructive, with higher lows forming from a September bottom of $107,500.

Key technical indicators:
- The **200-day moving average** has risen to $102,083.
- The **Short-Term Holder Realized Price**, a crucial support level in bull markets, hit a record high of $109,668.

![Short Term Realized Price](https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F510c8a976d214d9d5e13ba5bec455f8f33274495-3200x1800.png%3Fauto%3Dformat&w=3840&q=75)
*Source: Glassnode*

Traders are also bullish on equities, with the S&P 500 hitting record highs, driven by hopes of rate cuts.

## Bitcoin-Linked Stocks: A Mixed Performance

While Bitcoin gained, related stocks showed varied results:
- **MicroStrategy (MSTR)**: Flat for the week, underperforming Bitcoin year-to-date and testing key support levels. Its mNAV premium has compressed below 1.5x.
- **Marathon Digital (MARA)**: Up 7%.
- **CleanSpark (CEP)**: Up 4%.

Preferred stock issuance remains low, with only $17 million tapped this week, indicating most activity is through common shares.

![MSTR Chart](https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2Ffda304b5a7582612611c0ecb323c05517354296d-2650x1611.png%3Fauto%3Dformat&w=3840&q=75)
*Source: TradingView*

## Bullish Catalysts and Market Sentiment

The CME FedWatch Tool indicates traders expect a 25 basis-point rate cut in September and three cuts by year-end. This has improved risk sentiment, with the 10-year U.S. Treasury yield briefly falling below 4%.

However, the dollar index (DXY) is holding multiyear support, which could be a key inflection point to monitor.

![US 10-year Yield](https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2Fbbf694ec283499c03b259c5c974198c3899a5660-2650x1611.png%3Fauto%3Dformat&w=3840&q=75)
*Source: TradingView*

![DXY Index](https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F8ef9d12986ebbd681224ba8e2bfac474356fa93a-2651x1611.png%3Fauto%3Dformat&w=3840&q=75)
*Source: TradingView*

CPI surprises to the upside while cracks widen in U.S. labor market; bitcoin climbs as the dollar weakens and bond yields fall.

Is Bitcoin the Ultimate Hedge as Economic Cracks Widen? CPI Surge and Job Woes Fuel BTC Rally

# Gemini's Nasdaq Debut: A Strong Start

Gemini, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, made a splash on its first day of trading on the Nasdaq. The stock opened at **$37.01**, significantly above its IPO price of **$28**, and closed **14% higher** at $32. This successful debut came after the company raised **$425 million** in its initial public offering, valuing Gemini at approximately **$3.3 billion** before trading began.

## Key Details of the IPO

The IPO was priced above the revised range of $24 to $26 per share, which itself was an increase from the initial $17 to $19 range. A total of **15.2 million shares** were offered. During intraday trading, shares climbed as high as **$45.89**, showcasing strong investor interest.

## About Gemini and Its Services

Headquartered in New York, Gemini offers a comprehensive suite of crypto services, including a **spot exchange**, **custody solutions for institutions**, a **U.S. dollar-backed stablecoin**, a **crypto rewards credit card**, and **staking products**. As of the end of July, the platform held over **$21 billion in assets**. However, financial filings reveal that Gemini reported losses of **$159 million in 2024** and **$283 million in the first half of 2025**.

## Winklevoss Brothers' Bullish Bitcoin Outlook

On the morning of the IPO, the Winklevoss twins appeared on CNBC's "Squawk Box" to discuss their vision. Tyler Winklevoss described **bitcoin as 'gold 2.0'** and emphasized that adoption is still in its early stages, likening it to the "first inning" of a game. Both brothers projected that **bitcoin could reach $1 million within the next decade**, reinforcing their long-standing bullish stance on the cryptocurrency.

## Context and Comparisons

Gemini's listing follows other major crypto exchanges going public, such as **Coinbase (COIN)** in April 2021 and **Bullish (BLSH)**, which owns CoinDesk, last month. This trend highlights the growing mainstream acceptance and institutional interest in cryptocurrency platforms.

![The Nasdaq Marketsite in New York City](https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F7345e4ed74aded72f0dd37207a788eb92dc3adb7-1920x1080.png&w=3840&q=75)

Gemini gained 14% on its Nasdaq debut after raising $425M in an IPO. The Winklevoss twins forecast bitcoin reaching $1M in the next decade.

Gemini IPO Soars 14% as Winklevoss Twins Predict Bitcoin to Hit $1 Million

# Dan Morehead's Bold Bitcoin Predictions and Crypto Insights

Dan Morehead, the founder and managing director of **Pantera Capital**, has a history of accurate crypto forecasts. Back in 2013, he urged investors to buy bitcoin when it was trading at just $65, and he personally invested heavily, calling it a pivotal moment. Fast forward to 2025, bitcoin is hovering around $115,000, and Pantera has grown into a crypto giant managing $4.7 billion in assets.

## Why Bitcoin Could Double Soon

Morehead is doubling down on his bullish stance, predicting that **bitcoin will double in value within a year**, potentially reaching above $230,000, and eventually hitting $1 million. He bases this on bitcoin's historical four-year cycle, which includes phases like breakout, hype, correction, and accumulation, tied to halving events that reduce mining rewards and increase scarcity. In November 2022, he accurately forecasted bitcoin would hit $117,482 by August 2025, and it did, even surging to a record $124,495.51.

However, this cycle might differ due to **favorable policies under President Trump**, such as the Genius Act for stablecoin regulation and a pro-crypto agenda. Morehead notes that while bitcoin benefits, **altcoins could outperform in the next three years** as regulatory clarity improves, especially after previous uncertainties under SEC Chairman Gary Gensler.

## The Shift in Market Dynamics

As bitcoin matures, large holders or 'whales' have less influence on price movements. Pantera, which once held 2% of bitcoin's supply, has been selling to invest in new ventures, now holding about $1 billion in bitcoin. Morehead emphasizes that the focus should shift to altcoins and emerging opportunities.

## Tokenization: The Future of Assets

Morehead, with a background in asset-backed securities, believes that **all valuable assets will eventually be tokenized on blockchains**. This process could start with easier assets like mortgages and U.S. Treasuries, while real estate and stocks face regulatory hurdles. He expects regulatory progress, citing SEC Chairman Paul Atkins' new crypto agenda to modernize markets, and predicts that within a few years, many stocks will trade on blockchains, making investing accessible via smartphones.

## Crypto Treasury Strategies in Public Companies

Pantera backs companies adopting crypto-focused treasury strategies, where firms raise money to buy crypto for their balance sheets. While over 100 companies have joined this trend, premiums over net asset value are narrowing. Morehead anticipates consolidation, with only a few survivors per major crypto like bitcoin or ether, and advises investors to focus on management teams that can acquire coins at the best prices.

Dan Morehead, founder and managing director at Pantera Capital, said he expects bitcoin to double within a year and outlined his broader forecasts for the future of crypto.

Crypto Visionary Who Predicted $120K Bitcoin Now Forecasts a Stunning Double to $230K in Just One Year

# My Bitcoin Awakening: From Curiosity to Conviction

It's been one year since I took the plunge and bought my first Bitcoin. On September 9, 2024, I invested $100 with a simple mindset: *we'll see what happens*. Fast forward to today, and that initial investment has more than doubled, with Bitcoin hitting an all-time high of $125,200 and currently trading around $113,840. But the real story isn't just the gains—it's what I discovered about our financial system along the way.

## The Realization: Bitcoin as a Symptom of a Broken System

I started out curious, but as I delved deeper, I began questioning the very foundation of our economy. **Bitcoin is not just hype**; it's the highest-grossing asset in modern history, outperforming gold, stocks, real estate, and more since its inception in 2009. Its explosive growth is no accident—it's a response to a flawed system.

To understand Bitcoin's value, you must first grasp what's wrong with the U.S. dollar. Until August 15, 1971, the dollar was backed by gold, providing stability. Then, President Nixon severed that link, unleashing unchecked money printing. Since then, inflation has eroded the dollar's purchasing power by over 85%. What cost $1 in 1971 now costs nearly $8, and this slow bleed affects everyone's savings and daily life.

## The Power of Bitcoin: A Fixed Supply and Decentralization

Unlike the dollar, **Bitcoin has a fixed supply of only 21 million coins**, making it immune to government manipulation or devaluation. It's decentralized, run by code rather than politicians, and verified by a global network. This makes it a powerful tool for storing value, moving money across borders, and protecting privacy.

Yes, Bitcoin is volatile and seems expensive, but that's part of its growth phase. You don't need to buy a whole coin—start small, as I did. It's the best way to opt out of a system that makes life more expensive and uncertain.

## My Deep Dive into Bitcoin Education

I spent weekends binge-watching YouTube videos, reading the Bitcoin White Paper, and devouring books like Lyn Alden's "Broken Money" and Sebastian Bunney's "The Hidden Cost of Money." These weren't just reads; they were revelations that highlighted America's broken financial machinery.

I'm not telling you to buy Bitcoin, but I urge you to study it. Understand how it counters inflation and offers a alternative to the status quo.

*Image: A graph showing Bitcoin's price surge over the past year, highlighting its resilience and growth.*

Money Talks columnist Darnell Mayberry reflects on a year of owning Bitcoin, arguing that its soaring value is less important than the revelation that America’s broken, inflation-prone financial system makes Bitcoin a powerful alternative to the dollar.

Why Bitcoin is the Ultimate Asset: My Year-Long Journey Reveals Shocking Truths About Money

## Legal Win for Bitcoin Miner Hut 8

A New York federal judge has dismissed the majority of claims in a lawsuit against **Bitcoin miner Hut 8 Corp.**, which alleged that the company overpaid for a merger with a firm facing severe operational issues and misled investors about energy and connectivity failures at a Texas facility involved in the deal. The judge ruled that many of the statements challenged in the suit are **inactionable**, providing a significant relief for Hut 8 amid legal scrutiny.

This development underscores the complexities of corporate governance and disclosure in the rapidly evolving **cryptocurrency mining industry**, where regulatory and legal challenges are increasingly common.

A New York federal judge on Friday dismissed a majority of the claims in a suit alleging that bitcoin miner Hut 8 Corp. overpaid for a company with severe operational issues and misled investors about energy and connectivity failures at a Texas facility that was part of the merger, finding that many of the challenged statements in the suit are inactionable.

Crypto Analyst Predicts Bitcoin Correction to $55,000

Summary:

Crypto analyst Rekt Capital predicts a potential correction in Bitcoin, potentially dropping to $55,000.

He believes a deeper correction is unlikely at this point in the cycle.

Rekt Capital suggests Bitcoin may have already hit a local bottom or is experiencing a shallower pullback.

This prediction contrasts with other analysts who expect a significant surge in Bitcoin in the fourth quarter of the election year.

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