Latest news with #PeterBrandt
Yahoo
15 hours ago
- Business
- Yahoo
SharpLink (SBET) Mirrors Optimism for ETH, as Analyst Sees $4,000 Price Surge
We recently published a list of . In this article, we are going to take a look at where SharpLink Gaming, Inc. (NASDAQ:SBET) stands against other best-performing stocks on Wednesday. SharpLink Gaming rose for a second day on Wednesday, adding 9.09 percent to finish at $37.07 apiece, as investors gobbled up shares on expectations that Ethereum prices will soar as high as $4,000. Assuming the cryptocurrency hits the amount, it would mark a 48-percent upside from the $2,700 price currently. Ethereum touched the $2,800 price at intra-day trading on Wednesday, but slight profit-taking pulled its share price slightly lower. In a post on X, futures market trading expert Peter Brandt showed a trading chart showing that Ethereum is ready to fly. 'All dogs have their days—woof woof $ETH,' he captioned. The strong confidence spilled over into SharpLink Gaming, Inc. (NASDAQ:SBET), which expects to become the largest Ethereum treasury holder. A digital kiosk showing the diverse range of sports betting options available. Just recently, SharpLink Gaming, Inc. (NASDAQ:SBET) announced that it successfully raised worth $425 million through a private placement, led by Consensys Software Inc. alongside other investors. According to SharpLink Gaming, Inc. (NASDAQ:SBET), proceeds from the program will be allocated for the establishment of the Ethereum treasury. Overall, SBET ranks 8th on our list of best-performing stocks on Wednesday. While we acknowledge the potential of SBET as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
Yahoo
2 days ago
- Business
- Yahoo
Legendary analyst has alarming déjà vu alert on Bitcoin
Legendary analyst has alarming déjà vu alert on Bitcoin originally appeared on TheStreet. Wall Street legend Peter Brandt, who correctly predicted the S&P 500 rally, recently shared an alarming warning about the fate of Bitcoin. Brandt compared Bitcoin's price cycle over the past year to the 2011-22 cycle and wondered if the cryptocurrency is following the previous pattern and headed for a 75% correction. It seemed surprising to many members of the Crypto Twitter community that the asset that hit its all-time high (ATH) of $111,970.17 only on May 22 could be poised for a correction. Brandt's X post invited some curious and some mocking comments, but the veteran trader doubled down on his analysis. He shared his previous blog post dated Apr. 26, 2024, to claim that the king coin has fallen prey to what he calls "exponential delay" in bull cycles. Comparing the previous bull cycles during 2009-11, 2011-13, 2015-17, and 2018-21, Brandt wrote: 80% of the exponential energy of each successful bull market cycle has been lost. Bitcoin was trading around $64,000 when he wrote the post on Apr. 26, 2024. Since then, a whole lot of overwhelming developments have taken place, such as President Donald Trump announcing the creation of a strategic Bitcoin reserve, securities violations cases getting dropped against several leading crypto trading exchanges, etc. In fact, Bitcoin hit its new record high only last month. But such a positive turn of events didn't deter Brandt from sounding the alarm, as he seemed quite convinced of his analysis. As per Kraken's price feed, Bitcoin was trading at $108,577.02 at press time, only around 3% lower than its ATH. Disclaimer: The content above is intended for informational purposes only and should not be taken as financial advice. Do your own research before investing. Legendary analyst has alarming déjà vu alert on Bitcoin first appeared on TheStreet on Jun 10, 2025 This story was originally reported by TheStreet on Jun 10, 2025, where it first appeared.
Time of India
28-05-2025
- Business
- Time of India
Where is Bitcoin headed? Legendary investors weigh in, and traders should take note
Bitcoin may surge to $150,000 by August, says analyst Peter Brandt. Bitcoin hit a new high recently. It reached $111,970.17 on May 22. Another expert, Fred Krueger, forecasts even higher prices. He expects Bitcoin to reach $600,000 in October. Market observers are keenly watching these predictions. Tired of too many ads? Remove Ads Big Gains Needed to Meet Target Peter Brandt's Call Comes After Bitcoin's ATH Tired of too many ads? Remove Ads Fred Krueger Is Even More Bullish FAQs Bitcoin could be on track to reach somewhere between $125,000 and $150,000 by the end of August, as per the analysis by legendary trader Peter Brandt, who is known for accurately projecting past moves in the S&P 500, according to a to meet Brandt's projection, Bitcoin would need to gain over $13,000 each month until August, as per The Street report. While the veteran trader also signalled that his prediction leans toward the speculative side, as he mentioned, "On track maybe for top of $125,000 to $150,000 by end of August????", emphasising, "Hey trolls, note the ?????", in his technical analysis post on social media platform X, according to the technical analysis of the Bitcoin price chart on X was posted on May 21, which was the day Bitcoin reached its new all-time high (ATH) of $109,487.23, reported The wrote on his X post, "I think it is wonderful Bitcoin is making ATHs. I am long. I actually think ATHs is not technically significant," adding, "Bull markets make ATHs all the time. It is the definition of a bull market," as quoted in the record high price of BTC is $111,970.17, which it reached on May 22, while Bitcoin reached its previous all time high of $109,241 on January 20, before US president Donald Trump's presidential inauguration, as per The READ: Frustrated with Trump's U.S. policy, Greenland rethinks investment alliances and considers China as an alternative According to The Street, Wall Street veteran and mathematician Fred Krueger is even more bullish on Bitcoin, as he projects BTC to reach $600,000 in says they're normal in bull markets and not technically significant, though still a sign of strength.$111,970.17, reached on May 22, as per The Street.
Yahoo
26-05-2025
- Business
- Yahoo
Wall Street Legend sounds alarm on uncommon asset after S&P 500 prediction
Legendary trader Peter Brandt — best known for nailing past moves in the S&P 500 — has a latest market projection that is worth paying heed to. Brandt shared a technical analysis of the Bitcoin price chart on X on May 21 — the day Bitcoin broke record to hit a new all-time high (ATH) of $109,487.23. Brandt said while the recent Bitcoin ATH was "wonderful," it isn't technically significant. ATHs are common during a bull market; in fact, it is "the definition of a bull market," he added. As per his technical analysis, Bitcoin is "maybe" on the way to top $125,000-$150,000 by end of August, the veteran trader projected. Bitcoin hit its previous ATH of $109,241 on Jan. 20, ahead of Donald Trump's presidential inauguration. So far, the highest price of BTC is $111,970.17, which it hit on May 22; it was trading at $109,617.88 at the time of writing, as per Kraken's price feed. The king coin is required to add more than $13,000 to its value each month until August to meet Brandt's expectation. However, the trader indicated to his followers that the prediction was rather speculative, "Hey trolls, note the ?????" Wall Street veteran and mathematician Fred Krueger is even more bullish on Bitcoin, which he expects to hit $600,000 in October. Launched in 2009, Bitcoin is the largest cryptocurrency, with a market cap of $2.17 trillion. The total crypto market cap stood at $3.44 trillion at the time of writing. Disclaimer: The content above is intended for informational purposes only and should not be taken as financial advice. Do your own research before investing. Wall Street Legend sounds alarm on uncommon asset after S&P 500 prediction first appeared on TheStreet on May 26, 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-04-2025
- Business
- Yahoo
Veteran trader who correctly forecast S&P 500 rally warns about looming crash
Veteran trader Peter Brandt — best known for accurately predicting past moves in the S&P 500 — is once again sounding the alarm on the global financial system. And this time, he's not holding back. In a blunt April post on X, Brandt declared, 'I would be perfectly OK if global financial system has a melt down (Ala 1930s). There is too much debt, political, social, moral, intellectual, WOKE, DEI rot in the world. We need to have a complete reset. If a Depression provides a reset I am A-OK with it.' Brandt's call for a full-scale financial cleansing comes at a time when markets are feeling the weight of geopolitical tensions, climbing interest rates, and uncertainty around inflation. And despite Bitcoin trading near $87,000 at press time, Brandt isn't bullish across the board. In fact, he's warning that risk assets like Bitcoin, Ethereum, and even the S&P 500 are headed much lower before the year is over. In a recent post on X, he predicted the S&P 500 will close the year slightly below 4,500, warning that the index looks bearish after breaking support around 5,800. Turning to Ethereum, Brandt didn't mince words, 'ETH will plummet to around $600 by the end of the year,' he stated. While not giving a direct price target for Bitcoin, Brandt recently mocked its sideways price movement, tweeting, 'Little boxes on the hillside, little boxes made of ticky-tacky' — a clear jab at BTC's lack of recent breakout momentum. His one bullish call? Gold. Brandt believes the precious metal could rally to $3,600, thanks to a breakout from an ascending channel pattern. 'Gold Finger, the market with the magic touch,' he posted, referencing its perceived role as a safe haven during economic chaos. Brandt's views often carry weight among traders. With over 40 years of experience he has built a reputation for making high-conviction calls — especially in crypto and commodities. He famously called the 2020 S&P 500 breakout and has remained a closely followed voice in the space. Sign in to access your portfolio
