Tyr Capital CEO: Bitcoin may close above $60,000 in September
On September 6, Ed Hindi, Chief Investment Officer of Tyr Capital, said in an interview with Cointelegraph that despite historically September being a month of decline for BTC, the combination of Federal Reserve rate cuts and a relatively strong US economy could surprise bears. He believes that the possibility of BTC remaining stable above $60,000 this month is higher than it falling below $60,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Is the Federal Reserve repeating the 2022-style rate hikes? Bank of America warns: Rates may return above 5%, suggests shorting two-year U.S. Treasuries.
Bank of America warns: With Waller at the helm, the Federal Reserve may raise interest rates above 5%, potentially repeating the events of 2022.
OpenAI is expected to burn over $278 billion in cash by 2030, with a revenue target of $350 billion over the same period.
OpenAI is expected to generate up to $278 billion in negative free cash flow over the next five years, driven solely by computing power and infrastructure, with cumulative spending projected to reach approximately $856 billion by 2030. The company anticipates revenue of $350 billion in 2030 and $36 billion in 2026, with total revenue from 2026 to 2030 amounting to around $840 billion.
Garrett Jin's ZEC short position has an unrealized loss of $33.422 million.
Crypto prices
More
