Bitwise’s new $1.6 million Bitcoin target cites institutional demand, scarcity and debasement fears, but one input, Bitcoin’s share of a gold-dominated market, carries about four-fifths of the model’s value.
The Federal Reserve held its benchmark rate at 3.75%–4.00% on October 28, pausing after September’s hike while inflation runs hot and futures traders price a December increase.
PEPE has gained nearly 12% in 24 hours, pushing above a key Fibonacci level and outpacing most large memecoins, which rose roughly 2.5% to 5% over the same period.
Bitcoin climbed back above $80,000 on Tuesday ahead of the Fed decision, but its 1.2% gain trailed a group of altcoins that rose 4% to 12%.
The CFTC plans to publish futures positioning twice a week by the end of 2026, with Monday and Wednesday cut-offs that would put CME Bitcoin data two days behind.
