Analysts cited Figure’s shift to ‘capital-light’ model and stablecoin launch on the Provenance blockchain.
Figure Stock Jumps as Druckenmiller Invests $77M, Analysts Raise Price Targets
Analysts cited Figure’s shift to ‘capital-light’ model and stablecoin launch on the Provenance blockchain.
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A failure to hold the recent strong support of the 50-day SMA could invite stronger selling pressure.
The expected end of quantitative tightening could bode well for BTC and other risk assets, but gains may be tempered by stagflationary adjustments in economic projections.
Bitcoin has surged past the $90,000 mark, buoyed by rising expectations of a December Federal Reserve rate cut.
The combined hashrate of miners tracked by the bank has doubled in the last year to roughly 30% of the global network, the report said.