A wallet tied to Sergei Potapenko and Ivan Turõgin’s HashFlare fraud has become active for the first time in over three years, adding a wrinkle to prosecutors’ submission of appeals to keep the Estonian nationals behind bars for 10 years.
Federal prosecutors are attempting to overturn the current “lenient” sentence for the HashFlare fraud case, which was a $577 million crypto mining Ponzi scheme that defrauded 440,000 investors.
What was HashFlare?
HashFlare was a cloud mining platform launched in 2015 that sold contracts and promised customers a share of profits from cryptocurrency mining. Between 2015 and 2019, HashFlare collected more than $577 million from roughly 440,000 investors around the world.
The problem was that HashFlare did not have the computing power to keep up. Court filings reveal that the operation ran at about 1% of the Bitcoin mining capacity it claimed. Instead of mining crypto, the company showed customers fake online dashboards with made-up performance data that falsely reported mining activity and returns.
When investors asked to withdraw their money, the founders bought Bitcoin on exchanges to pay them, making the operation a classic Ponzi scheme.
The founders, Sergei Potapenko and Ivan Turõgin, used investor funds to buy real estate, luxury cars, expensive jewelry, and chartered private jet trips. Acting U.S. Attorney Teal Luthy Miller called it “a mirage of cryptocurrency mining.”
The pair also raised at least $25 million through another venture called Polybius, pitched as a blockchain-based bank. No bank was ever created, and no dividends were paid.
Fraud fund movement
Now, a cryptocurrency wallet connected to the HashFlare investment fraud has moved 10,600 ETH, worth about $18.5 million, after being inactive for roughly 3.5 years. The transfer was flagged by on-chain investigator ZachXBT, with security firm Cyvers helping to identify the activity.
The funds were sent to two recipient addresses and then began moving through instant exchange platforms called HiFiSwap and Near Intents. Investigators say the entity started converting the funds from Ethereum to Bitcoin.
The specific address linked to the movement was identified as 0xff575a22975cc413771825eb84c163189a4d5d22, with 0xd0eafd5c03b24c2f54c579745cacbffe4c6df2d19973e55d52a5f40aa1d89e0 being the transaction hash.
Prosecutors fight to overturn underwhelming sentence
Both men pleaded guilty in February 2025 to conspiracy to commit wire fraud and were sentenced by the U.S. District Judge Robert S. Lasnik to 16 months in prison, which they had already served in custody.
Each of them was ordered to pay a $25,000 fine, complete 360 hours of community service, and serve three years of supervised release back in Estonia. Prosecutors had asked for 10-year prison terms.
Judge Lasnik called it a “difficult sentencing” due to his concern about treaty transfer logistics. He warned that without an approved transfer to Estonia, the defendants would face a harsher prison term than comparable American white-collar offenders, followed by indefinite immigration detention before deportation.
Federal prosecutors filed a notice of appeal in late August 2025, challenging the sentence as too lenient.
Legal experts are split on whether the appeal will succeed because the Ninth Circuit typically defers to district judges unless a sentence falls outside reasonable bounds. However, experts also warn that light sentences for large-scale fraud could undermine deterrence against future crypto crimes.
As of now, both defendants are expected to return to Estonia to serve their supervised release terms.
Victims are to be fully compensated from the more than $400 million in assets forfeited as part of the plea deal, but the DOJ has not yet announced a timeline for distributing the assets.
Ethereum is back in a level-by-level technical fight after a TradingView analyst mapped out a short-biased setup that puts the market’s attention on whether ETH can hold near equilibrium or slide toward a deeper demand zone.
TL;DR
TradingView analyst Champ_of_Gold says ETH has reacted from an institutional supply area.
The setup highlights $1,718.5 as an immediate reaction level.
The analyst’s deeper demand target sits around $1,562.7 down to the $1,500 psychological zone.
ETH was trading around $1,765 at the time of writing, leaving the setup close enough to matter for short-term traders.
The analysis, published on TradingView under the title “ETHUSD: The Road To Demand”, frames the current ETH structure as a possible shift from premium pricing back toward discount levels. The analyst says price had moved into a supply zone between roughly $1,732.4 and $1,761.9 before showing a change of character on a lower time frame.
ETH Price Setup Turns On The $1,718 Area
The key level in the post is $1,718.5, described as an equilibrium point where ETH was reacting after tapping the supply area. A clean break beneath that area, in the analyst’s view, would open the door to a liquidity sweep lower.
That does not mean the move is guaranteed. It does, however, give traders a clear map: if ETH holds above the reaction zone, the bearish continuation idea loses urgency. If price breaks below it, the chart shifts toward the lower target zone where buyers may look for a stronger response.
Demand Zone Becomes The Main Watch Area
The projected downside destination in the TradingView post sits around $1,562.7 to $1,500. That band is important because it combines a previous demand area with a large psychological level. In market-analysis terms, these zones often become places where traders expect either a reaction or a continuation failure.
Current market data shows ETH trading near $1,765, with the asset up on the day after an intraday low near $1,704. That means ETH has not yet confirmed the deeper breakdown described in the setup, but the distance between spot price and the key invalidation/reaction levels is narrow enough to keep the chart relevant.
What Would Invalidate The Bearish Read?
The analyst places invalidation above the supply-zone high. In plain English, ETH needs to reclaim and hold above the zone that sellers are expected to defend. A move like that would challenge the short-biased interpretation and could force traders to reassess whether the current pullback is just a reset before another attempt higher.
For now, the setup leaves ETH traders watching two things: whether the $1,718 area gives way, and whether any move lower draws a meaningful bid before the $1,500 region comes into play.
This article was written by the News Desk and edited by Samuel Rae.
This article is based on technical analysis by Champ_of_Gold, available at TradingView
Our Algorand price prediction indicates a high of $0.24 in 2026.
In 2028, ALGO will range between $0.2559 and $0.3324, with an average price of $0.2942.
In 2030, it will range between $0.2792 and $0.3856, with an average price of $0.3324.
Algorand’s capabilities make it an attractive prospect for investors and developers focused on smart contracts and blockchain interoperability.
Will ALGO go up? Can it reach $10? Where will ALGO be in 5 years? We explore these and more in our Cryptopolitan price prediction.
Overview
Cryptocurrency
Algorand
Symbol
ALGO
Current price
$0.08944
Market cap
$798.45M
Trading volume
$31.16M
Circulating supply
8.92B
All-time high
$3.28 on Jun 21, 2019
All-time low
$0.08 on Mar 30, 2026
24-hour high
$0.09307
24-hour low
$0.08907
Algorand price prediction: Technical analysis
Indicator
Value
Volatility (30-day variation)
11.86% (Very High)
50-day SMA
$0.1073
200-day SMA
$0.1062
RSI
38.63 (Neutral)
Sentiment
Bearish
Green days
12/30 (40%)
Fear and Greed Index
20 (Extreme Fear)
Algorand price analysis
Recent price movements remain tied to broader crypto correlations, so moves in major altcoins can influence ALGO’s direction. On June 22, ALGO was red, down 1.82% in 24 hours and 21.12% in 30 days. Its trading volume rose by 58.40% to $31 million, signaling high conviction in the market trend.
Current models also diverge from market expectations, with technical analysis leaning bearish to neutral while some broader market forecasts remain more optimistic.
ALGO started recovering this year but later turned bearish after failing to break through the $0.1420 resistance level. In the first week of April, it made a big break, with an over 40% rise in value. The recovery was quickly followed by a reversal as it was heavily overbought. It is now trading at sub-$0.10 levels, with support at $0.08.
The MACD histogram shows waning positive momentum. Traders watch RSI and Fibonacci retracement levels on the daily chart to assess price action. The RSI is neutral at 38.63, with the Fibonacci Trendlines putting the next resistance at $0.1014.
On the 4‑hour chart, ALGO’s decline stands out. The reversal is pushing ALGO below most moving averages on the selected time frame. The red MACD histogram signals negative momentum, while the RSI is neutral at 39.42. Direction in the coming days will depend on whether bulls reclaim short-term momentum.
Algorand technical indicators: Levels and action
Daily simple moving average (SMA)
Period
Value ($)
Action
SMA 3
0.09170
SELL
SMA 5
0.09366
SELL
SMA 10
0.09230
SELL
SMA 21
0.09471
SELL
SMA 50
0.1073
SELL
SMA 100
0.1040
SELL
SMA 200
0.1062
SELL
Daily exponential moving average (EMA)
Period
Value ($)
Action
EMA 3
0.09105
SELL
EMA 5
0.09197
SELL
EMA 10
0.09282
SELL
EMA 21
0.09604
SELL
EMA 50
0.1017
SELL
EMA 100
0.1049
SELL
EMA 200
0.1177
SELL
What to expect from the ALGO price prediction next?
ALGO is falling and in neutral territory on the shorter timeframes. Rising trading volumes are a sign of strong conviction in the market trend. Some models see ALGO at about $0.1018 by the end of 2026 and, in a weaker scenario, a further decrease to $0.06947 by 2027 before stronger momentum is anticipated to build later.
Why is ALGO down?
Algorand’s ~2% gain closely mirrored moves in Bitcoin (-1.94%) and the total crypto market cap (-1.96%), indicating a strong beta component to its performance.
Will ALGO reach $1?
Per our Algorand price forecast, ALGO will break above $1 by the end of 2032.
Can Algorand reach $10?
Per our Cryptopolitan price prediction, ALGO will not break above $10 by the end of 2032.
Can Algorand reach $20?
According to our Cryptopolitan price prediction, it remains improbable for ALGO to break above $20 by the end of 2032.
Can ALGO reach 100 dollars?
At $100, Algorand’s market capitalization must rise above $700 billion from its current $1.2 billion. In comparison, Ethereum’s market capitalization is at $380 billion. Per our price prediction, Algorand is highly unlikely to reach $100.
Is there a future for Algorand?
Like most mega-altcoins, Algorand is trading at its lowest level this year. The Algorand blockchain uses pure proof-of-stake, which helps deliver security, scalability, and decentralization without forking. Its long-term outlook also depends on upgrades that improve smart-contract execution and expand support for institutional finance and real-world assets. A break below 30 on the RSI will be crucial to sending it back to previous highs. Looking ahead, ALGO will register new all-time highs in the coming years.
Is ALGO a good investment?
Analysis by Intotheblock shows that over 80% of holders are in the red at the current price. The figure will likely drop lower in the short term. However, as our Cryptopolitan price prediction shows, this can still change over the long term, though Algorand’s DeFi liquidity remains thinner than on larger Layer-1 rivals and may weigh on valuation. It still has institutional utility through real-world asset tokenization and CBDC research, which matters when weighing long-term investment decisions. The Algorand Foundation’s renewed focus on attracting US-based institutional liquidity and regulatory-compliant RWA initiatives also supports the longer-term case.
Recent news
Algorand is among the Agent Payments Protocols supported by Google. Despite price weakness, the ecosystem showed resilience amid broader market volatility, reaching an all-time high in developer activity in late 2025, driven by seamless Python integration and other developer tools that lowered barriers for traditional developers. This reinforced a narrative of institutional-grade reliability and AI potential.
ALGO price prediction June 2026
The Algorand network price forecast for June is a maximum price of $0.1210 and a minimum price of $0.0820. The average price for the month will be $0.1099. For tomorrow and next week, these remain short-horizon estimates within the broader June range. In the coming days, traders will watch whether June price action can hold near the monthly average.
Month
Potential low ($)
Potential average ($)
Potential high ($)
June
0.0820
0.1099
0.1210
Algorand price prediction 2026
For 2026, ALGO’s price will range between $0.0815 and $0.2365. The average price for the period will be $0.1896. That outlook could improve later in the year if the early-2026 liquidity coil unwinds, as US money market funds are expected to rotate into higher-yield digital assets as yields compress.
Year
Potential low ($)
Potential average ($)
Potential high ($)
2026
0.0815
0.1896
0.2365
Algorand price prediction 2027-2032
Year
Minimum price
Average price
Maximum price
2026
0.0845
0.1896
0.2765
2027
0.114
0.1325
0.1511
2028
0.2559
0.2942
0.3324
2029
0.5082
0.6325
0.7623
2030
0.2792
0.3324
0.3856
2031
0.3581
0.3979
0.4376
2032
0.5278
0.6067
0.6855
Some technical analysis models place the 2027 cost in a lower $0.08364-$0.1131 band, implying a slight -0.20% decrease.
Long-range Algorand cost targets also vary widely, with some 2030 models ranging from $0.14 to $2.10 depending on economic conditions.
Other forecasts place 2030 closer to $0.55-$0.81 if ecosystem progress continues and market conditions remain supportive.
Algorand price prediction 2027
Algorand market price prediction climbs even higher into 2027. According to the prediction, Algo’s price will range from $0.1140 to $0.1511, with an average of $0.1325.
Algorand coin price prediction 2028
Our analysis indicates a further acceleration in Algo’s price. It will trade between $0.2559 and $0.3324 and an average price of $0.2942.
Algorand price prediction 2029
According to the 2029 Algorand forecast, the price of Algo will range from $0.5082 to $0.7623, with an average of $0.6325.
Algo price prediction 2030
The Algo price prediction for 2030 is $0.2792-$0.3856, with an average of $0.3324.
Algorand price prediction 2031
The Algorand price forecast for 2031 is a high of $0.4376. It will reach a minimum price of $0.3581 and an average price of $0.3979.
Algorand Algo price prediction 2032
The year 2032 will also be bullish. Our analysis estimates a price range of $0.5278 to $0.6855, with an average price of $0.6067.
These forecasts differ because analysts weigh technical factors and macro assumptions differently.
Cryptopolitan Algorand price prediction
Our predictions indicate that ALGO will achieve a high of $0.24 in 2026. In 2028, it will range between $0.26 and $0.33, with an average of $0.29. In 2030, it will range from $0.28 to $ 0.39, with an average price of $0.33. Note that these predictions are not investment advice and should not replace your own research or other advice from an independent professional; form a plan before you buy Algorand.
Algorand conducted its token sale in June 2019 at $2.40 per token.
Union Square Ventures, Lemniscap, and NGC Ventures, among others, held earlier funding rounds. The public sale raised $60.40 million, while funding rounds raised $66 million.
Token sale participants who held their tokens since launch are down 90%.
Binance listed ALGO on 21 June 2019. According to CoinMarketCap data, it pumped after its listing, reaching an all-time high (ATH) of $3.28.
ALGO later crashed; four months later, it was down 90% from its ATH.
In July 2021, Coinbase listed the ALGO token. As a result, it gradually recovered, peaking at $0.64 in August.
In retrospect, 2021 was the golden year for the crypto market. The emergence of NFTs, DeFi growth, and institutional interest drove growth.
In 2021, it rose from a low of $0.32 in January to $2.30 in October, a 200% gain.
Nothing prepared crypto enthusiasts for the 2023 crypto winter, which worsened with the FTX crash. The year closed with ALGO trading at $0.23.
The decline continued through 2023, registering an all-time low at $0.0876 in September.
The market’s recovery began in October. By the end of the year, it had risen above $0.2.
It began recovering in November from a low of $0.12, reaching $0.61 in December.
It then corrected into 2025 below the $0.40 mark in January and $0.35 in February. It crossed into October, trading at $0.22.
The coin nosedived to $0.14 by December and held that level through January 2026. Momentum then turned bearish, with prices sliding below $0.10 in March. By May, however, it staged a modest recovery to $0.13. In June, it retreated below $0.10.
Alongside these price cycles, the chain’s longer-term story increasingly centers on institutional utility, including real-world asset tokenization and Central Bank Digital Currency (CBDC) research.
Ongoing protocol upgrades to smart-contract execution also remain part of Algorand’s competitive positioning.
Our Bitcoin price prediction expects BTC’s price to reach $150K by the end of 2026 due to the bullish sentiment following the halving event.
By 2032, BTC might touch $350,548 following increased institutional adoption.
Bitcoin’s outlook for 2026 has become highly debated. The approval of spot Bitcoin ETFs and the rally after the halving were expected to bring more clarity, but instead they’ve brought mixed volatility in Bitcoin price forecast.
However, top analysts are bullish on BTC price prediction this year. Charles Hoskinson, the founder of Cardano, has predicted that Bitcoin could reach about $250,000 by 2026. He bases this view on Bitcoin’s limited supply and the possibility that institutions and major companies will continue to adopt it. Investor and author Robert Kiyosaki has made a similar prediction, arguing that Bitcoin’s scarcity makes it a strong store of value in a world where traditional currencies are becoming less stable.
As Bitcoin’s on-chain activities surge, questions arise, such as: “Does Bitcoin have the potential to hold above the $100K mark?” or “Will Bitcoin go up?” or “Where will Bitcoin be in 5 years?” Let’s answer them using our Bitcoin price prediction 2026 model.
Overview
Cryptocurrency
Bitcoin
Ticker
BTC
Price
$64,393 (+1%)
Market capitalization
$1.42 Trillion
Trading volume (24-hour)
$52.53 Billion (+7%)
Circulating supply
20 Million BTC
All-time high
$124,457; August 14, 2025
All-time low
$0.04865; Jul 15, 2010
24-hour high
$64,800
24-hour low
$63,158
Bitcoin price prediction: Technical analysis
Metric
Value
Current Price
$64,393
Price Prediction
$ 70,796 (+3.89%)
Fear & Greed Index
23 (Extreme Fear)
Sentiment
Bearish
Volatility
3.99% (Medium)
Green Days
13/30 (43%)
50-Day SMA
$ 77,274
200-Day SMA
$ 79,417
14-Day RSI
30.46 (Neutral)
Bitcoin price analysis
TL;DR Breakdown:
BTC price analysis shows that buyers are pushing the price toward $65K
Resistance for BTC is at $65,367
Support for BTC/USD is at $63,318
The BTC price analysis for 22 June confirms that BTC faces selling pressure as BTC surges toward $65K. Currently, the Bitcoin price is aiming to hold above $70K.
Analyzing the daily Bitcoin price chart, we see that Bitcoin faces bullish pressure as it surges toward $65K. Currently, the BTC price is facing short-liquidation around immediate resistance channels. The 24-hour volume has increased to $1 billion, showing a surge in trading interest today. BTC is trading at $64,393, surging by over 1% in the last 24 hours.
The RSI-14 trend line hovers around 42, hinting that a strong bullish pressure is on the way. The SMA-14 level suggests volatility in the next few hours.
BTC/USD 4-hour price chart: Selling domination rises around EMA trend lines
The 4-hour Bitcoin price chart suggests that sellers are strengthening their position to hold the price below the EMA trend lines. Currently, sellers are strongly defending a recovery.
The BoP indicator trades in a negative region at 0.88, showing that short-term sellers are taking a chance to accelerate a downward trend.
However, the MACD indicator has formed green candles above the signal line and the indicator aims for positive momentum, strengthening long-position holders’ confidence.
Bitcoin technical indicators: Levels and action
Daily simple moving average (SMA)
Period
Value
Action
SMA 3
$ 72,999
SELL
SMA 5
$ 73,205
SELL
SMA 10
$ 74,752
SELL
SMA 21
$ 76,557
SELL
SMA 50
$ 77,274
SELL
SMA 100
$ 73,213
SELL
SMA 200
$ 79,417
SELL
Daily exponential moving average (EMA)
Period
Value
Action
EMA 3
$ 72,624
SELL
EMA 5
$ 73,231
SELL
EMA 10
$ 74,363
SELL
EMA 21
$ 75,777
SELL
EMA 50
$ 76,033
SELL
EMA 100
$ 76,468
SELL
EMA 200
$ 80,984
SELL
What to expect from BTC price analysis next?
The hourly price chart confirms that Bitcoin is attempting to drop below the immediate support line; however, bulls are eyeing a recovery rally in the coming hours. If BTC’s price holds momentum above $65,367, it will fuel a bullish rally to $67,411.
If bulls fail to initiate a surge, the BTC price may drop below the immediate support line at $63,318, beginning a bearish trend to $61,731.
Is Bitcoin a good investment?
The rising institutional demand for Bitcoin etfs makes it a good investment option in the crypto market. However, Bitcoin has a short investment history filled with very volatile market value. Whether it is a good investment depends on your financial profile, investment portfolio, risk tolerance, and investment goals. It is suggested to conduct investment advice of the financial markets and understand the financial system risks.
Why is Bitcoin up today?
Bitcoin faced a surge in buying pressure as buyers pushed the price above immediate fib levels around $63K.
Will the BTC price reach $100K?
Bitcoin price broke its much-anticipated mark of $100K, aiming for a new ATH. The price currently prepares to maintain its buying demand above $100K.
Will BTC reach $1 million?
$1 million is a significant milestone for the BTC price. However, it is achievable if Bitcoin continues to attract institutional interest in the coming years.
Is Bitcoin a good long-term investment?
As several institutions continue to accumulate BTC and Bitcoin faces a rise in global recognition, Bitcoin has a solid long-term future.
Recent news/opinions on BTC
As reported by Cryptopolitan, Bitcoin dropped below $66,000 in early June, its lowest level since early April, amid Strategy’s Bitcoin sale, ETF outflows, and new Mt. Gox wallet activity.
Bitcoin price prediction June 2026
Bitcoin’s price dropped toward $65K in March. However, it is now facing minor accumulation, which could mean we’ll see a recovery around June 2026.
Bitcoin’s price might attempt to maintain an average price of $75,000 and be pushed further, at least $80,000 if strong downward pressures are not seen. However, we might see a rejection on the bearish side, leading to a consolidation at around $60,000.
Bitcoin Price Prediction
Potential Low
Potential Average
Potential High
Bitcoin Price Prediction June 2026
$60,000
$75,000
$80,000
Bitcoin price prediction 2026
Historically, Bitcoin has been a significant crypto coin in the years following a halving, and it is expected to push up its price after a downturn in 2025. Bitcoin miners might play a crucial role in holding bullish sentiment for future price movements.
Spot Bitcoin ETFs are projected to be a key driver of Bitcoin prices and the broader cryptocurrency market in 2026. As a result, Bitcoin’s trajectory might follow a bullish trend ahead with rising treasury term premium.
Furthermore, there is an increasing bullish sentiment that the base interest rates could be cut in the US, and thus, help to further the upward movement of Bitcoin. An outcome of which the 2026 year could be positive for Bitcoin, with its crypto-price perhaps touching $150,000 at the highest and the low could be around $48,000.
Bitcoin Price Prediction
Potential Low
Potential Average
Potential High
Bitcoin Price Prediction 2026
$48,000
$100,000
$150,000
Bitcoin Price Predictions 2027-2032
Year
Minimum Price
Average Price
Maximum Price
2027
$115,000
$130,000
$185,000
2028
$140,491
$170,100
$216,738
2029
$164,063
$185,068
$244,142
2030
$195,629
$200,312
$255,321
2031
$225,903
$248,568
$270,593
2032
$285,058
$303,555
$350,548
Bitcoin price prediction 2027
Bitcoin might witness slow growth after 2025’s Bitcoin halving surge, resulting in a surge in selling pressure. However, more financial products including a surge in ETF flows might hold BTC prices within a bullish region. The digital assets market sentiment shows bullish signals for Bitcoin hit new highs. As the overall sentiment gives a bullish outlook, one should research more about Bitcoin before investing.
We might see a maximum price of $185,000, with a minimum price of $115,000 and average price of $130,000.
Bitcoin forecast 2028
Based on a detailed technical analysis of past Bitcoin price movements, it is projected that in 2028, Bitcoin could see a minimum price of $140,491. The potential maximum price is estimated to be $216,738, with an average closing price of $170,100.
Bitcoin price prediction 2029
By 2029, Bitcoin’s price is expected to reach a low of $164,063. Maximum price projections are as high as $244,142, averaging about $185,068 for the year.
Bitcoin price forecast 2030
Projections for 2030 suggest that Bitcoin could be valued at a minimum of $195,629. The price may peak at as much as $255,321, with an average throughout the year expected to be around $200,312.
Bitcoin (BTC) price prediction 2031
The forecast for 2031 suggests that Bitcoin’s price could start at a minimum of $225,903 and potentially rise to a maximum of $270,593. The average price is anticipated to stabilize at about $248,568 throughout the year.
Bitcoin price prediction 2032
The forecast for 2032 suggests that Bitcoin’s price could start at a minimum of $285,058 and potentially rise to a maximum of $350,548. The average price is anticipated to stabilize at about $303,555 throughout the year.
A surge in bitcoin adoption and the expansion of the Bitcoin ecosystem might end the controversy of “Bitcoin bubble” in future. This might boost the Bitcoin cost and strengthen the Bitcoin network. At Cryptopolitan, we are bullish on Bitcoin’s future price as the historical market sentiment is extremely impressive. By the end of 2026, Bitcoin might record a maximum of $150,000, with a minimum price of $48,000 and an average price of $100,000.
However, Bitcoin’s future market potential entirely depends on its buying demand, regulation, and investor sentiment regarding long-term holdings. Crypto analysts provide a positive sentiment as macroeconomic trends turn promising.
We expect Bitcoin price to surpass a high of $216,738 by the end of 2028.
Bitcoin historic price sentiment
BTC price history: Coinmarketcap
Satoshi Nakamoto created Bitcoin in 2009, marking the first use of blockchain technology.
Bitcoin was initially of little value, gaining significant traction and hitting over $15,000 during the 2017 boom, with further highs reached in 2019 and 2021.
In 2021, Bitcoin peaked at $68,789.63 but dropped to $15,760 by December 2022 amid economic pressures, including inflation and geopolitical conflicts.
By April 10, 2023, Bitcoin’s price surged 83%, breaking the $30,000 resistance level.
Throughout mid-2023, Bitcoin’s value hovered around $30,000, nearly reaching $32,000 due to positive market sentiments and potential ETF approvals.
Bitcoin experienced a significant price drop in mid-August 2023, falling to $25,000. However, its prices remained volatile, fluctuating between $26,000 and $29,500 in October.
Bitcoin closed 2023 above $42,000, a 155% increase from the year’s start.
In early 2024, Bitcoin rose above $45,000 on ETF anticipation but briefly dipped below $40,000 after approvals. It broke its 2021 all-time high in March, reaching $73,750.07 on March 14, before dropping below $60,000 in April. May saw another surge above $70,000, while June and July brought heavy fluctuations between $70K and $55K.
Bitcoin rallied to $66K in September after a Fed rate cut, climbed to $70K in October’s Uptober rally, and surged toward $108K following Donald Trump’s victory in the November US elections. BTC ended 2024 consolidating below $95K.
At the start of January 2025, BTC was trading between $92,788.13 and $95,824.39. However, it formed an ATH at $109,114 on January 20.
In the weeks of February, the price of BTC dropped heavily as it dropped toward the $78K low.
In March, the price of Bitcoin declined heavily and dropped toward a low of $76.6K. In April, the price of Bitcoin started recovering. By the end of April, it neared the critical $95K zone.
In May, Bitcoin price skyrocketed and it formed a new ATH at $111,970. However, the price declined later, toward $104K.
By the end of June, BTC price reclaimed the $108K level.
In July, BTC price triggered a surge toward $123K; however, it faced strong selling pressure later.
In mid-August, the price of Bitcoin surged above $124K. However, the price failed to maintain its momentum as it dropped below $110K in early-September.
By the end of September, the price of Bitcoin dropped further and touched a low around $108K.
In October, the price of Bitcoin crashed heavily below $110K. The price crashed further toward $84K in November.
Bitcoin ended December 2025 on a bearish note by trading below $90K.
Bitcoin price further dropped in January 2026 as it crashed toward $77K. In February, the price of BTC hit a low at $60K.
BTC price continued to face bearish pressure in March. However, it surged above $70K in early April. By the end of April, BTC price surged toward $80K.
By the end of May, the price of BTC dropped toward $73K.
Strive Inc. (NASDAQ: ASST) bought 759 Bitcoin between June 15 and June 21 at an average price of $65,850 per coin.
The firm spent roughly $50 million to push its total holdings beyond 19,800 BTC, according to an 8-K filing disclosed on June 22.
Is Strive’s latest BTC purchase cheaper than its previous?
The per-coin cost came in about 11% lower than Strive’s previous large purchase in May, when the Vivek Ramaswamy-founded firm paid an average of $74,092 each for more than 2,500 BTC, a $185.2 million outlay.
The price difference within a single quarter shows how much Bitcoin’s volatility can shift a corporate buyer’s cost basis from one month to the next.
Strive CEO Matt Cole announced the acquisition on X on June 22, writing that the company “acquired an additional 759 $BTC for ~$50M.”
Since January, the firm has added over 3,700 BTC to its balance sheet, a total that includes coins picked up through its acquisition of Semler Scientific earlier this year plus ongoing open-market purchases.
How does Strive fund its Bitcoin buys?
Through SATA, a perpetual preferred stock that pays daily dividends at a 13% rate, Strive has been financing its accumulation.
Since SATA is the preferred instrument as opposed to a convertible note or at-the-market common equity offering, Strive says it avoids dilution with existing ASST shareholders.
Data from BitcoinTreasuries.net shows the SATA mechanism is generating meaningful capital. In its first full week of daily dividend payments (June 15 through June 19), SATA raised enough to acquire an estimated 603 BTC, with the strongest single day on June 16 producing roughly $19.45 million in net proceeds and an estimated 296 BTC purchase.
BitcoinTreasuries.net’s data illustrates that the SATA mechanism is generating significant capital.
SATA’s price dipped below its $100 par value, trading as low as $93 at midday before recovering to $97.70 by the closing bell on June 18.
According to Cole, that session was “the most difficult day in the history of Digital Credit,” attributing the selloff to a leverage liquidation event. Strategy’s competing STRC preferred stock fared worse, hitting a record low of $82.53 during the same session.
Where does Strive stand among corporate holders?
As of June 22, Strive ranks seventh among public companies by Bitcoin holdings, with 19,864 BTC valued at about $1.3 billion.
Strategy (formerly MicroStrategy) remains the dominant player at 847,363 BTC. Twenty One Capital, Metaplanet, and MARA Holdings come second, third, and fourth, respectively.
Strategy has not relented in its buying, as it bought 520 BTC for $35 million while raising its dollar reserve to $1.4 billion, according to Cryptopolitan’s reporting on the company’s latest ATM update.
Executive Chairman Michael Saylor said the company “plans to continue replenishing” that reserve to back its own preferred stock offerings.
The parallel purchases highlight a growing pattern among publicly traded firms competing to accumulate Bitcoin through structured finance, with Strive positioning its daily-dividend preferred stock as a differentiated alternative to Strategy’s convertible-note-heavy playbook.
Keir Starmer’s decision to step down as UK prime minister has opened a race for Downing Street just as Britain enters the final stages of building one of its most consequential financial regulatory frameworks in years.
On June 22, Starmer said that he would remain in office until Labour selects a successor, ending a premiership that lasted less than two years.
He acknowledged that the party needed new leadership before the next general election, which must be held by 2029, and said he wanted to devote more time to his family.
Andy Burnham, the newly elected member of Parliament for Makerfield, quickly emerged as the overwhelming favorite to replace him.
His ascent has generated cautious optimism among cryptocurrency executives who view the former Greater Manchester mayor as more receptive to digital assets and blockchain technology than much of Labour’s senior leadership.
Burnham consolidates support as Polymarket traders price a swift handover
Burnham returned to Parliament after winning the Makerfield by-election last week, clearing the procedural barrier that had prevented him from challenging for the Labour leadership.
He confirmed his candidacy shortly after Starmer’s announcement and called for the party to maintain its focus on economic growth, housing, public services, and the cost of living during the transition.
His path narrowed further when Wes Streeting, previously considered one of Burnham’s strongest potential opponents, ruled himself out and endorsed the former Manchester mayor. Streeting urged Labour members to unite behind Burnham rather than spend the summer fighting over relatively narrow policy differences.
Labour will open nominations on July 9. The process could conclude in mid-July if Burnham faces no challenger, while a contested election would extend the handover until September.
Crypto traders have already priced in a rapid succession. Burnham carried an implied probability of about 97% of becoming Britain’s next prime minister on Polymarket on Monday. Traders had placed roughly $12.5 million on the contract.
Next UK Prime Minister (Source: Polymarket)
The price represents the conviction of participants willing to risk capital on the outcome rather than a scientific measure of public opinion. It nevertheless shows how decisively the market shifted after Streeting withdrew from the race.
Traditional financial markets showed little immediate alarm. Sterling and UK government bonds registered limited moves following Starmer’s announcement, suggesting investors had largely anticipated his departure. Longer-term attention has instead turned to Burnham’s fiscal position and the identity of the next chancellor.
His arrival would make him Britain’s seventh prime minister in a decade, extending a period of leadership turnover that began with the 2016 Brexit referendum.
Britain’s crypto rulebook is already moving toward 2027
The next prime minister will inherit a regulatory program that has progressed beyond broad political promises.
Legislation approved in February expanded Britain’s regulated financial-services perimeter to cover crypto activities, including operating trading platforms, issuing qualifying stablecoins, safeguarding customer assets, and dealing in digital assets.
The Financial Conduct Authority (FCA) must still complete the accompanying rulebook. It has published consultations covering custody, stablecoins, prudential requirements, market abuse, consumer protection, and the authorization process for companies seeking to serve UK customers.
The regulator expects the framework to begin on Oct. 25, 2027. Once it takes effect, businesses carrying out covered activities will generally need FCA authorization even when they already hold other financial services permissions or registrations.
A new prime minister could influence the government’s political priorities, appoint different Treasury ministers, or seek amendments to parts of the framework. The transition alone would not cancel the legislation or force the FCA to restart its work.
However, the more immediate risk involves administrative momentum. A cabinet reshuffle could replace ministers familiar with the regime at a point when regulators and companies are preparing for authorization. Political attention could also shift toward more urgent issues, including public spending, economic growth, and Labour’s electoral position.
Those distractions could affect secondary legislation or unresolved policy areas. The central architecture, however, has already moved far enough that an outright reversal appears unlikely without a deliberate intervention by the new government.
That distinction puts Britain in a different position from earlier stages of the debate. Companies now need clarity on implementation and compliance rather than another broad promise to turn the UK into a digital-asset hub.
Industry sees an opening for a more growth-focused message
Burnham’s public record on cryptocurrency remains limited, but his previous statements have encouraged parts of the industry.
Freddie New, the CEO of CEO of BHODL plc (and co-founder of Bitcoin Policy UK), told CryptoSlate that Burnham’s expected rise creates an opportunity to recast the industry as a potential source of investment.
According to him:
“I’m most interested to see how a potential Burnham administration will look at the Bitcoin and cryptocurrency industry as a potential for growth in the UK economy rather than, as has previously been the case, something to be throttled and feared.”
New pointed to Bitcoin treasury companies that have pursued listings in London, arguing that digital-asset businesses could bring new capital and international attention to a stock market that has struggled to attract initial public offerings.
He added:
“New companies listing in London should be welcomed and supported, not discouraged, and I hope Burnham will understand that.”
Industry executives are likely to press the next government for proportionate capital requirements, a workable authorization process, and clearer treatment of staking, lending, and stablecoin payments. They also want the FCA to apply the government’s economic-growth mandate more visibly when setting rules.
Despite the optimism surrounding Burnham, the digital asset industry remains wary of certain factions within the broader Labour Party.
New notes that domestic financial regulators have yet to fully embrace the “growth” mandate previously outlined by Rachel Reeves.
In view of this, he added:
“The sooner our politicians and regulators really embrace and understand an industry where the U.K. should be a leader, with our long history of expertise in both finance and in computer technology, the better.”
From XION to Verona: Inside the Rebrand That Could Redefine Crypto’s Role in the AI Era
Blockchain Interviews · Executive Feature
From XION to Verona: The Network That Wants to Verify Everything
Formerly known as XION, Verona has quietly become one of crypto’s most revenue-generating projects — and with an $18.5M raise, $30M in brand spend, and the launch of EarnOS, it’s now making its biggest bet yet: that verified data is the missing layer the AI internet desperately needs.
By Ashton Addison·Cryptocoin Show·June 2026
$18.5MEarnOS Raise
$30MBrand Spend
115+Global Brands
69M+Verified Interactions
There is a version of the blockchain story that ends with wallets, gas fees, and Discord NFT gates. Anthony Anzalone, Founder and CEO of Verona, has been trying to write a different one for years. The rebrand from XION to Verona — announced on June 17, 2026 alongside the launch of consumer app Ero and a combined $48.5M in new capital and brand commitments — is the clearest articulation yet of what that story actually looks like.
It looks like verification. Not the narrow, token-gate version that defined Web3’s early years, but something far more ambitious: a decentralized network capable of generating cryptographic proof for any piece of data on the internet, and making that proof programmable. If you understand why early DeFi mattered — the first time in history that ownership could be proven without a trusted intermediary — you understand why Anzalone believes Verona is building the next version of that same primitive, scaled to everything.
“We saw this with early DeFi: the only thing we could verify for the first time ever was ownership. Look at what happened with that. Now we can verify any arbitrary internet data. Just imagine where that’s going.”
— Anthony Anzalone, Founder & CEO, Verona
The Rebrand
From Walletless Crypto to the Truth Layer
The journey from XION to Verona is not a pivot so much as a clarification. XION was built on a genuine insight: most people would never tolerate the friction of crypto wallets, seed phrases, and gas fees. The solution was to abstract all of it away — gasless, walletless blockchain infrastructure that mainstream developers could build on without asking their users to become crypto-literate.
That thesis held. But as the team pushed further, they kept running into the same wall. Crypto’s benefits are deeply entangled with speculation and financial value. Strip away the token mechanics and you’re left with one genuinely powerful primitive: the ability to prove something is true. Proof of ownership unlocked DeFi. Proof of arbitrary data, Anzalone argues, unlocks everything else.
The technical foundation for that proof already existed in zero-knowledge cryptography. ZK proofs allow one party to demonstrate that a statement is true — you earn above a certain threshold, you are a verified Uber rider, you hold a specific credential — without exposing the underlying data. Verona has been deploying this in enterprise contexts for over a year: income verification, employment verification, insurance, and real estate. The rebrand formalizes what those deployments have been pointing toward. The network is not a blockchain for financial transactions. It is a verification layer for the internet.
The Consumer Bet
EarnOS, Ero, and the $30M Brand Spend
Verona’s consumer surface is EarnOS, a platform that turns verified behavioral data into a direct earning mechanism. The first application is Ero, which launched alongside the rebrand announcement. The concept is simple enough to explain in a sentence but structurally significant: brands pay users directly, in real money, for verified proof of their activity — and users choose whether to share that proof at all.
Anzalone walked through the mechanics during our conversation. Take a Lyft user considering a move to Uber. Under the current advertising model, Uber spends broadly, wastes massively, and has no way to verify whether a conversion was real or even reached the right person. Under the Ero model, Uber can offer a direct incentive — say, $100 — to verified Lyft riders. The rider’s Lyft history is proven cryptographically, never exposed as raw data. Uber gets a verified conversion. The user gets paid. No intermediary takes a cut on the data itself.
The $30M in brand spend backing this launch is not a marketing budget in the traditional sense. It is, effectively, a proof of concept at scale — money already committed by brand partners to pay users directly through Ero’s verification rails. That pool includes partnerships with Uber, Amazon, Nike, BMW, and more than 115 other global brands, drawn from a network that already has 69 million verified interactions across three million users.
Network at Launch — June 2026
$36MTotal raised to date — investors include Animoca Brands, Multicoin Capital, HashKey Capital
3M+Users across Verona’s verified network
12Projects currently building on Verona with active revenue share agreements
Top 15Estimated revenue ranking among all crypto projects globally
The AI Angle
Why This Moment Is the Right One
Timing matters in crypto, and Anzalone is candid that the rebrand is partly a function of where the AI landscape has arrived. For years, the verification use case existed without the demand signal that would make it urgent. AI has provided that signal.
The argument is straightforward: AI agents are becoming the primary interface through which people will interact with digital services — refilling prescriptions, applying for loans, booking travel, managing finances. To operate effectively, these agents need access to sensitive, accurate information. But there is currently no infrastructure that lets an agent access that information without either storing it insecurely, exposing it to third parties, or operating blind. Verona’s network is designed to fill exactly that gap.
The parallel Anzalone draws to early DeFi is instructive. DeFi proved that you could build an entirely new category of financial products the moment ownership became cryptographically verifiable. The bet Verona is making is that AI agents will unlock an equivalent category of services the moment personal data becomes verifiable without being exposed. The agent doesn’t need to see your bank statement to confirm you qualify for a loan. It needs proof that you qualify. Those are very different things.
“There’s no reason an AI agent should see your bank statement. It needs proof that you qualify — not the statement itself. We’re kind of this anti-AI AI play.”
— Anthony Anzalone
The technical roadmap reflects this. Verona is developing an MCP server — a Model Context Protocol integration — that would allow AI agents to query verified data from the network on demand. A user sets permissions once. The agent accesses only what’s needed, cryptographically, without raw data ever leaving the user’s control. The infrastructure runs on Cosmos SDK, CometBFT, and CosmWasm, the same stack that powered XION, now oriented toward this agentic access layer.
The Token & Revenue Model
Beyond Gas Fees — A New Revenue Thesis
One of the quieter but more significant aspects of the Verona story is its revenue model, which breaks from almost everything else in the crypto space. Most blockchain projects generate revenue through transaction fees — a percentage of economic activity flowing through the network. That works when the network is primarily financial. It does not work cleanly when the network’s primary product is information.
Verona’s answer is a revenue-share structure across all projects building on the network. Twelve projects currently operate under this model. Their combined revenue share is contributed to a token burn, creating a direct link between network activity — the verification of real-world data, the execution of brand campaigns, the onboarding of AI agents — and the value of the $VERONA token. The token itself is unchanged from the XION era; the rebrand is an alias change, not a migration, and existing holders are unaffected.
The significance of this model is that it does not depend on speculation or transaction volume to sustain itself. It depends on enterprises and brands finding value in verified data — a market that, by most estimates, already spends over a trillion dollars annually on advertising with deeply uncertain returns. If even a fraction of that spend migrates toward verified, programmable targeting, the network effects compound quickly.
The Bigger Picture
What Verona Actually Means for Crypto Adoption
For those who have followed the XION story from the beginning, the Verona rebrand is the logical conclusion of a thesis that has been consistent since day one: real adoption does not happen when people choose to use crypto. It happens when people get value from systems that use crypto without knowing or caring that they do.
Ero is probably the clearest example of that thesis in practice. A user connects their data, completes a brand mission, earns $50 from Uber, and transfers it directly to their bank, Venmo, Cash App, or a freshly spun-up debit card. No wallet setup. No gas fees. No seed phrase. The entire experience is no different from any other earn-and-redeem app — except that the verification layer underneath it is cryptographic, the data stays with the user, and the brands are paying for something real rather than guessing at impressions.
Anzalone has been saying since 2015 that the moment for crypto would arrive when someone could buy a cup of coffee with it. By his account, and by the evidence of the Ero launch, that moment is now — not because crypto has finally become legible to ordinary people, but because ordinary people are finally getting value from it without being asked to understand it at all.
Whether Verona can scale that thesis to the full breadth of the AI agent economy remains to be seen. But the infrastructure is live, the brand partnerships are real, the revenue is measurable, and the timing — with AI adoption accelerating and verified data becoming a scarce resource — is as favorable as it has ever been. The rebrand from XION to Verona is not a fresh start. It is a declaration that the foundation was always pointing here.
Watch the full interview with Anthony Anzalone on Blockchain Interviews — Ashton Addison goes deep on ZK proofs, Ero, the MCP roadmap, and what’s next for the $VERONA token.
Diplomatic efforts between Iran and the United States showed early signs of progress after senior officials from both countries held talks in Switzerland.
Mediators from Qatar and Pakistan said the discussions were constructive, as both sides agreed to a 60-day timeline to secure a final deal. Further technical meetings are scheduled to take place at the Burgenstock resort later this week. The optimism surrounding the talks briefly pushed Bitcoin (BTC) above $64,000, although the asset later gave back some gains and fell below the level.
However, tensions between the two countries still linger as the deal was not signed by June 19 as promised and there are new attacks between Israel and Lebanon. One analyst has outlined a potential downside scenario for Bitcoin if wider market conditions deteriorate.
Worst-Case Scenario
Bitcoin could fall to $23,979 in 2026 if the broader stock market suffers a crash of more than 50%, according to technical analyst Jesse Olson. He shared a two-week Bitcoin chart that depicted BTC potentially declining toward the $23,980 level, based on a long-term volume-weighted support line derived from his proprietary Market Sniper Pro VWAP indicator.
Olson said such a move would likely require a major stock market downturn while adding that he does not expect Bitcoin to fall to zero.
Meanwhile, another prominent market commentator, Doctor Profit, said that Bitcoin is forming a bearish flag on the daily chart, while growing market optimism is creating liquidity below current prices. He said Bitcoin’s recent uptick matched his earlier expectations and explained that prices can revisit the same levels several times during sideways trading. He expects the asset to eventually fall toward the $54,000-$56,000 range before finding a market bottom at lower levels.
Lagging Institutional Demand
Between June 14 and June 18, spot Bitcoin ETFs saw net outflows of $227 million and extended their losing streak to six straight weeks.
CryptoQuant analyst Darkfost also highlighted the weak institutional appetite for Bitcoin and said the Coinbase Premium Index has remained largely negative in recent weeks. The indicator compares BTC prices on Coinbase Advanced and Binance to gauge the behavior of professional and retail investors.
According to Darkfost, negative readings mean that institutions trading on Coinbase are selling more aggressively than retail investors on Binance, which has created downward pressure on prices. He added that a wider price gap between the two exchanges points to a greater divergence in investor behavior. Institutional investors are not trying to catch a market bottom; instead, they prefer to wait for stronger price performance and clearer signs of a recovery before increasing their Bitcoin exposure.
Franklin Templeton completed its acquisition of 250 Digital on June 22, 2026, formally launching Franklin Crypto as its dedicated active digital asset management division.
The $1.78 trillion asset manager is integrating crypto-native active strategies with its institutional infrastructure to meet growing demand from large investors.
Franklin Templeton will invest capital directly into these strategies.
This closes the transaction announced on April 1, 2026. The move underscores Franklin Templeton’s multi-year commitment to digital assets, building on its early experiments with blockchain infrastructure since 2018, including launching one of the first U.S. registered funds to use public blockchains for transactions and share ownership.
Leadership Team Anchors New Division
Christopher Perkins serves as Head of Franklin Crypto, with Seth Ginns as Chief Investment Officer. They partner with Franklin Templeton Digital Assets veteran Tony Pecore. The division reports to Sandy Kaul, Head of Innovation.
“This is an exciting addition for Franklin Templeton, and we’re pleased to welcome Chris, Seth and the 250 Digital team to our firm. Together, their investment talent and differentiated strategies strengthen our capabilities in digital assets and position us among a small group of global asset managers with a dedicated, institutional-grade crypto investment management team.”
Institutional Scale Meets Active Crypto Capabilities
Franklin Templeton reported $1.78 trillion in assets under management as of May 31, 2026.
Franklin Crypto builds directly on the firm’s existing dedicated digital asset unit, which focuses on fundamental research, active portfolio construction, and institutional-grade risk oversight.
The new division targets institutional clients seeking actively managed cryptocurrency exposure within a regulated, globally distributed framework.
It combines specialized crypto execution with Franklin Templeton’s established infrastructure and client base.
Franklin Crypto will roll out actively managed cryptocurrency strategies to institutional investors worldwide.
The integration positions the firm to capture demand for sophisticated digital asset solutions as institutions allocate more capital to the asset class through established managers.
U.S. banking giant, Goldman Sachs, is projecting that rapid electric vehicle adoption, majorly due to higher fuel costs tied to disruptions near the Strait of Hormuz and the US-Iran war, could reduce global oil demand by up to 320,000 barrels per day by the end of 2027.
In a research note published on Sunday June 21, the top investment bank mentioned two different scenarios that end up at the same conclusion. In the “Persistent Acceleration” scenario, where EV market share is expected to grow at the pace seen from February to May 2026, the demand reduction is projected at 0.32 million barrels per day by December 2027. In the more conservative “Temporary Acceleration” scenario, where regional EV adoption rates hold flat at May 2026 levels, production still hits a 130,000 barrel-per-day drop over the same period.
China at the forefront of the EV shift
China accounts for more than 60% of the recent rise in global EV market share, according to Yahoo Finance, with a consistently increasing penetration rate since February. Globally, EV sales reached 26.1% of all new passenger car purchases in May, up 3.4 percentage points over three months, the second-highest level on record.
The trend extends well beyond passenger cars, with Goldman Sachs’ analysts noting that two- and three-wheeled electric vehicles make up the majority of EV sales in India, Vietnam, and China, and each of these displaces about one-third to half the fuel that a passenger car EV would.
This multiplier effect amplifies the demand impact in markets and geographical areas where motorized two-wheelers are the dominant form of transport.
Twelve of the world’s 15 largest EV markets recorded rising adoption rates during the February-to-May period, according to Global Banking & Finance Review.
Goldman Sachs claims oil prices show weaker demand
The EV analysis runs concurrently with signs that fuel consumption is dropping faster than the crude oil markets anticipated.
Goldman Sachs analyst Alexandra Paulus said elevated fuel prices linked to Hormuz supply disruptions likely pushed consumers more toward electric vehicles, a dynamic particularly of weight in China where gasoline demand has weakened as the volume of EVs charging recorded a climb, Yahoo Finance reported.
Separate Goldman Sachs research published earlier this month found that actual retail-use oil demand may have dropped more sharply in response to the higher prices than previously expected.
Retail gasoline sales in China fell by more than 20% from last year’s figures in April, consistent with the lower output from refineries and increased use of rail. Western Europe also saw an average 8% decline in annual retail car-fuel volumes in the same month.
Goldman Sachs has now tied these crude oil demand pressures to a potential slide in Brent crude into the mid-$50s per barrel by late 2027. The bank currently predicts Brent could average $90 a barrel in Q4 2026, but sees a roughly $10-per-barrel drop if demand weakness in China and Europe persists.
The International Energy Agency projects EVs will account for half of all new car sales globally by 2035, even without additional government support, according to Yahoo Finance. Last year, one in four new vehicles sold worldwide was electric.
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