This is a segment from the Supply Shock newsletter. To read full editions, subscribe. Bitcoin at $120,000 is a win for everyone on the left and right sides of the infamous bell curve meme. Mid-curving is almost never the optimal strategy. Except for, perhaps, very specific points in a cycle — particularly in deep bear
In the dynamic world of digital assets, strategic moves by key players often signal shifting tides and growing confidence. Recently, DigitalX, a prominent Australia-based digital investment manager, made headlines with a significant announcement that underscores its deepening commitment to the cryptocurrency space. The firm revealed it has acquired an additional 109.3 BTC, substantially increasing its
As Bitcoin climbed to yet another all-time high above $123,000 on Monday. Bernstein expects regulatory clarity in the US to be a major catalyst going forward. “Our conviction in blockchain and digital assets has never been higher,” the analysts wrote. As Bitcoin climbed to yet another all-time high above $123,000 on Monday, analysts at brokerage
Bitcoin’s unprecedented surge, diverging sharply from traditional economic indicators like a weakening U.S. dollar and rising deficits, signals a market in “crisis mode,” according to an X analysis from financial newsletter The Kobeissi Letter. Deficit Spending Drives Bitcoin Rally Into ‘Abnormal’ Territory, Kobeissi Letter States The Kobeissi Letter, a subscription service providing fundamental and technical
Bitcoin remained buoyant as of July 14, 2025, with its price stabilizing at $121,680. The cryptocurrency’s market capitalization hit $2.42 trillion, supported by a strong 24-hour trade volume of $56.62 billion and an intraday range spanning $117,935 to $123,236. Bitcoin Price action over the past 24 hours indicates that bitcoin is firmly entrenched in a
Leading cryptocurrency Bitcoin (BTC) started the new week with a new record high. The price of BTC surpassed $120,000 for the first time in its history. According to Binance data, BTC briefly broke above $121,000, setting a new record. It is currently up 2.8%, reaching $121,500. While the main reasons for the rise in Bitcoin
Bitcoin BTC$119,916.39 rose past $120,000 for the first time on record, taking the year-to-date gain to 28%. BTC is currently trading above $121,000 as of midday Hong Kong time, according to CoinDesk market data. (CoinDesk) The move follows President Donald Trump’s decision to impose a 30% tariff on the EU and Mexico, starting Aug. 1,
“Hyperbitcoinization” — an almost apocalyptic term evoking end-of-days fiat collapse and bitcoin’s parabolic rise to global reserve status — is increasingly being discussed in more serious circles. For hardcore bitcoin maximalists, it’s long been the ultimate scenario: a financial utopia where individuals, institutions and even nations are all-in on a bitcoin-only system as the fiat-based
El Salvador’s strategy of buying 1 Bitcoin a day has paid off. Since November 18, 2022, the government has purchased 1 BTC a day, bringing the total to 969 Bitcoin. The $54.15 million investment is now worth $115.18 million. BTC purchased at an average price of $55,886 currently represents an unrealized profit of 113%. The
In a recent tweet, Bitcoin historian Pete Rizzo spotlighted a key moment in Bitcoin’s history: its first-ever mention on television back in 2011, when the price was trading at just $3. “The 1st-ever Bitcoin mention in TV history happened at $3 in 2011,” Rizzo stated in a tweet accompanied by a short video clip, adding