News

BlockBeats News, December 17th, according to LookIntoChain monitoring, a wallet address suspected to belong to BitMine received another 48,049 ETH from FalconX 5 hours ago, worth approximately $140.58 million.

BlockBeats News, December 17, Cryptocurrency investment firm and index fund manager Bitwise believes that despite a two-month slump, Bitcoin will hit a new all-time high in 2026. The company's CEO Matt Hougan stated that Bitcoin has historically followed a four-year cycle, with three years of significant growth followed by a deep pullback year. According to this cycle, 2026 should have been a pullback year. However, we believe this will not happen. In our view, the core forces that have been driving the four-year cycle—Bitcoin halving, interest rate cycles, and the ebb and flow of the crypto market driven by leverage—have significantly diminished compared to past cycles. · Halving Effect: By definition, each subsequent Bitcoin halving has only half the significance of the previous one. · Interest Rate Environment: Interest rates rose sharply in 2018 and 2022, suppressing prices; however, in 2026, we expect interest rates to decline. · Bubble Burst Risk: Following the record liquidation in October 2025, the relative deleveraging and improved regulation have reduced the chances of a major market collapse. More importantly, the institutional funding wave triggered by the approval of the spot Bitcoin ETF in 2024 will accelerate in 2026. Platforms such as JPMorgan Chase, Bank of America, and Merrill Lynch will begin asset allocation. Additionally, the crypto market is expected to start benefiting from the pro-crypto regulatory shift after the 2024 U.S. election, as Wall Street and fintech firms will truly embrace cryptocurrency. It is anticipated that the combined effect of these factors will drive Bitcoin to a new all-time high.