Bitcoin confirmed a weekly candle close below its 200-week moving average, copying the 2022 bear-market as traders warn of further BTC price downside next. Bitcoin (BTC) is starting the new week at around $63,000, but bear-market history continues to repeat with weekly close below a key long-term trend line. Key points: Read more
The trillions required to boost Bitcoin to a price of $1 million per coin is not going to happen by 2030... or perhaps ever, says party pooper Markus Thielen. The numbers behind the oft-cited prediction that Bitcoin will reach $1 million by 2030 simply don’t add up, according to Markus Thielen, head of research at 10x Research. “It’s mathematically impossible,” Thielen tells Cointelegraph on Trade Secrets, arguing that Bitcoin’s historical capital inflows over the past 15 years fall far short of the amount it would need to attract over the next four years to reach $1 million. “We have seen $1 trillion US dollars of inflow to bring the market cap really to $1 trillion. To $1 million [per] Bitcoin. It’s 15x, I think, from here,” Thielen says. At the time of publication, Bitcoin’s market cap is around $1.28 trillion, with its price trading at $63,868, according to CoinMarketCap. Read more
Klippsten said Bitcoin could bottom about a year after its previous peak and argued that crypto’s best outcome is to become part of TradFi. Bitcoin could bottom in October before recovering to around $130,000 ahead of the 2028 halving, according to Swan Bitcoin CEO Cory Klippsten. Bitcoin’s (BTC) price peaked above $126,000 in early October 2025, meaning that the “market should bottom in October,” Klippsten told Cointelegraph. He argued that Bitcoin has so far bottomed about 12 months after each previous bull market peak, while cautioning against extrapolating from only a few previous cycles. Read more
Bank Leumi customers will be able to buy, hold and sell three major cryptocurrencies directly through the bank’s investment app beginning in early 2027. Israel’s Bank Leumi has partnered with Galaxy Digital to let customers trade Bitcoin (BTC), Ether (ETH), and Solana (SOL) through the bank’s investment platform, with the service expected to launch in early 2027. The companies said Friday that customers of Leumi and Pepper, its mobile banking arm, will be able to buy, hold and sell the three cryptocurrencies through a dedicated section of the Leumi Trade app. Leumi and Galaxy said the rollout would make Leumi the first Israeli bank to offer digital asset trading services to customers. Leumi will use GalaxyOne Institutional for trading and related services, while Galaxy’s custody infrastructure platform, formerly known as GK8, will support the bank’s digital asset infrastructure. Read more
A $116 million Bitcoin wallet exploit puts self-custody under scrutiny as ETF inflows rebound, Strategy eyes more BTC and miners chase billions in AI deals. A $116 million hardware wallet exploit has reopened one of Bitcoin’s oldest debates: Is holding your own keys worth the risk? Days later, US spot Bitcoin ETFs recorded their strongest inflows since April, prompting Bloomberg analyst Eric Balchunas to wonder whether security scares could eventually push more investors away from self-custody and toward ETFs. Elsewhere, Strategy is preparing to resume Bitcoin purchases after a rare bout of selling, Riot Platforms is reportedly turning its mining infrastructure into a $9 billion AI deal, and Trump Media is rethinking its crypto treasury strategy after a $238 million quarterly loss. Strategy CEO Phong Le said the company plans to resume Bitcoin accumulation later this year, seeking to reinforce its long-term strategy after a series of relatively small sales drew scrutiny over its once-firm “never sell” stance....
Bitcoin falls further toward new August lows, ignoring positive US inflation trends while US stocks continue to circle all-time highs. Bitcoin (BTC) declined into Friday’s Wall Street open as traders increasingly saw a BTC price breakdown next. Key points: Data from TradingView showed BTC/USD down 1.3% on the day at $62,570, near its lowest levels month-to-date. Read more