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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Cantor Fitzgerald predicts that Bitcoin could reach its cyclical floor within the coming months. The shareholder vote on the merger between Cantor Equity Partners and Bitcoin Standard Treasury has been postponed to July 10, with the proposed merger valued at approximately $4 billion and backed by Blockstream CEO Adam Back. Bernstein analysts maintained their year-end Bitcoin price target of $150K despite a 54% market drawdown, describing the current drawdown as milder compared to previous crypto bear cycles.