The bitcoin miner turned AI infrastructure play has more than 50% upside, said the bank.
Core Scientific Upgraded to Outperform Following Failed CoreWeave Merger: Macquarie
The bitcoin miner turned AI infrastructure play has more than 50% upside, said the bank.
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Tokenization of real-world assets (RWAs) is accelerating, bringing stablecoins, treasury bills, real estate and more into the crypto ecosystem, CZ added.
Crypto-related stocks like Robinhood, Coinbase, and Strategy continued to sport sizable losses on Monday.
Market participants defended rising support while trading volume surged 66% above average during resistance tests near $908, pointing to increasing demand ahead of major network upgrade.
The average bitcoin ETF investor now sits on a 20% paper loss, leaving the market vulnerable to capitulation selling if prices slide further, a Wintermute trader said.