Bitcoin Price Holds $111,000 As TD Cowen Predicts $141,000 By December

"The flash crash earlier this month triggered roughly $19 billion in liquidations, the largest single-day event in crypto history. Despite the scale of the sell-off, TD Cowen noted that most exchanges remained operational with minimal disruption, demonstrating the market's ability to absorb shocks, according to The Block reporting. The downturn was initially spurred by the U.S. President Donald Trump's confirmation of a 100% tariff on imports from China, which sent the total crypto market down more than 10%."

"While less-reputable tokens suffered heavy losses, major digital assets like Bitcoin did well - Bitcoin briefly fell 15% before closing down just 8% on the day. "Though it was the largest single-day liquidation ever, with open interest halved across venues, most crypto exchanges operated with little or no downtime," the note read. Global adoption of Bitcoin TD Cowen's analysts credit the episode not only to market resilience but also to growing global adoption."

Bitcoin is holding around $111,000 after a turbulent period, with analysts projecting a possible rise to $141,000 by December. A recent flash crash triggered roughly $19 billion in liquidations, the largest single-day event in crypto history, yet most exchanges remained operational with minimal disruption, demonstrating shock absorption. The downturn followed the U.S. confirmation of a 100% tariff on Chinese imports and sent the total crypto market down more than 10%. Less-reputable tokens suffered heavy losses while Bitcoin briefly fell 15% before closing down about 8%. Renewed corporate accumulation and hopes for an end to the U.S. government shutdown helped lift sentiment. Registered digital-asset accounts in Japan quadrupled over five years to over 7.9 million, prompting regulatory agencies to reconsider bank investment restrictions.

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