21shares Maintains Cautious Optimism on Bitcoin

Dow Jones01:47

1347 ET - Bitcoin had a tough first half of the year, dropping 35% since Jan. 1 to find a recent multi-year low of around $58,000. But bitcoin and other cryptocurrencies are off to a hot start in July, jumping back up to over $61,600 after the payrolls report showed less jobs added than previously anticipated by surveyed analysts. Cryptocurrency research firm 21shares says that they are maintaining "cautious optimism" on bitcoin's prospects in the second half of 2026, although the factors that have been pressuring prices are not expected to disappear. "The number of wallets holding BTC continues to grow," says the firm in a note. "Our year-end base case is a recovery toward $100,000 rather than a breakout to new all-time highs." (kirk.maltais@wsj.com)

(END) Dow Jones Newswires

July 02, 2026 13:47 ET (17:47 GMT)

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But bitcoin and other cryptocurrencies are off to a hot start in July, jumping back up to over $61,600 after the payrolls report showed less jobs added than previously anticipated by surveyed analysts. Cryptocurrency research firm 21shares says that they are maintaining \"cautious optimism\" on bitcoin's prospects in the second half of 2026, although the factors that have been pressuring prices are not expected to disappear. \"The number of wallets holding BTC continues to grow,\" says the firm in a note. \"Our year-end base case is a recovery toward $100,000 rather than a breakout to new all-time highs.\" (kirk.maltais@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 02, 2026 13:47 ET (17:47 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.1","shortVersion":"4.44.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2648168218","isCrawlerRequest":true}