Bitcoin investors may be entering their toughest period of the year. Historically, August and September are among the weakest performing months for Bitcoin (BTC). Prices have fallen in these two months in 8 of the last 12 years, implying a probability of decline of approximately 67%. Data shows that Bitcoin generally performs poorly in the
This is a segment from the Supply Shock newsletter. To read full editions, subscribe. When it comes to Bitcoin mantras, “not your keys, not your coins” is as pure as it gets. But there are levels to it. Sure, you might be self-custodying, but you might still be required to trust a wallet explorer, for
The world’s flagship cryptocurrency, Bitcoin, is currently trading at $150,160, having partially recovered from its recent losses. Since Tuesday, BTC was down 3.3%, but by now, it has increased by 0.5%, reaching the aforementioned price level. On July 25, Bitcoin changed hands near the $120,000 level. Since then, BTC is down approximately 4%. Bitcoin’s 200
During a Friday appearance on CNBC’s “Squawk Box,” former MicroStrategy CEO Michael Saylor stressed that Strategy (formerly MicroStrategy) would not want to own all of Bitcoin. “We want everybody else to have their piece,” Saylor added. At the same time, he opined that owning 3-7% of the entire Bitcoin supply would not be considered to
Amid ongoing market fluctuations, Bitcoin (BTC) has shed 2% of its gains in the last 24 hours. The current volatility likely prompted Matt Hougan, Bitwise’s Chief Investment Officer (CIO), to drop a bold opinion on what truly matters with the flagship cryptocurrency asset. Bitwise CIO on Bitcoin market cycles In a post on X, Hougan
Benchmark analyst Mark Palmer reiterated his buy rating for Bitcoin giant Strategy, raising the firm’s price target for MSTR to $705, an 85% increase from its current share price. The new target hinges on a projection that Bitcoin will reach $225,000 by the end of 2026. After reporting $10 billion in net income in Q2—almost
Bitcoin is showing clear signs of weakness, with increasing selling pressure driving the price lower. The asset has now approached a decisive multi-month support zone, with a confirmed breakdown triggering a sharp decline toward the $111K threshold. Technical Analysis By ShayanMarkets The Daily Chart After an extended period of sideways movement within the $116K to
French firm Crypto Blockchain Industries announces a major expansion of its Bitcoin treasury holdings in an all-equity deal. Summary CBI announces an all-equity deal for acquiring more Bitcoin reserves. SAFEbit plans to gradually exchange 2,000 BTC for CBI shares. Bitcoin treasuries are gaining traction globally. Global firms are increasingly betting on Bitcoin (BTC) treasury holdings.
According to the latest report published by crypto financial services platform Matrixport, the key catalysts that will allow Bitcoin to enter a new bullish cycle are becoming increasingly clear. Matrixport: Key Catalysts for Bitcoin’s New Uptrend Becoming Clear The report notes that despite positive developments such as strong capital inflows into Ethereum ETFs, growing institutional