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Crypto

Fidelity says bitcoin holds $60,000 support, could hit $300,000 in 2029

Bitcoin could reach $300,000 by 2029, according to a forecast. Jurrien Timmer, director of global macro at Fidelity Investments, sees bitcoin finishing a localized weak phase and preparing for a long-term upswing. He highlighted $60,000 as a key support level and pointed to a double-bottom pattern around $57,742 to $60,033. Analysts also cite resistance around $82,000 to $86,000, with $82,500 as a breakout point toward $100,000, while warning of volatility.

Crypto

Bitcoin up 24 percent in August, strongest since 2017 despite U.S.-Iran clash

Bitcoin posted its strongest August rise since 2017, gaining more than 24 percent to trade around $78,000, despite renewed U.S.-Iran military clashes and a hawkish turn by the Federal Reserve. Brent crude climbed to around $91 a barrel after strikes and retaliation, stoking inflation worries. Analysts said oil supply disruption risks remain limited. Market data showed spot trading volumes stayed weak, though activity stabilized and some exchanges saw modest month-on-month increases.

Crypto

Bitcoin posts 32.48 percent return in Q3, raising focus on possible fourth-quarter gains

Bitcoin is drawing attention for possible additional gains in the fourth quarter after its strongest August performance in 9 years. U.Today reported on Aug. 31 that Bitcoin\'s 2026 third-quarter return stands at 32.48 percent. The cryptocurrency rebounded after quarterly declines in the first and second quarters, and the rise is being compared with 2017. Inflows to U.S. spot Bitcoin ETFs and short liquidations also supported the upswing.