BTC price action turns weaker after the Wall Street open, with Bitcoin market participants bracing for lower levels despite bullish US macro data. Key points: Failure to reclaim $120,000 could spell trouble for Bitcoin bulls. Whales appear to be offloading at local highs, creating further hurdles to price upside. Read more
Bitcoin needs to regain momentum with higher trading volumes for BTC to clear the next big hurdle at $120,000 and reenter price discovery. Key takeaways: Bitcoin must take out resistance at $120,000 to trigger a rally to new all-time highs. Spot volume and trading activity must recover for BTC price to break out. Read more
Hedge fund manager Ray Dalio suggests investors put 15% into store-of-value assets amid America’s debt crisis. American billionaire and hedge fund manager Ray Dalio has recommended a 15% portfolio allocation into Bitcoin or gold to optimize for the “best return-to-risk ratio” in light of America’s crippling debt problem and currency devaluation. “[If] you were optimizing your portfolio for the best return-to-risk ratio, you would have about 15% of your money in gold or Bitcoin,” the founder of hedge fund firm Bridgewater Associates said during an appearance on the Master Investor podcast on Sunday. Dalio said he has “some Bitcoin, but not much,” and is still “strongly preferring gold to Bitcoin,” however. Read more
Michael Saylor’s Strategy did not purchase any Bitcoin last week, reporting just two acquisitions in July totaling 10,445 BTC, a 39% drop from June. Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, reported no Bitcoin buys last week despite the asset seeing volatility after breaking all-time highs in mid-July. Strategy’s Bitcoin (BTC) holdings remained unchanged at 607,770 BTC as the company opted not to buy more BTC last week, according to a US Securities and Exchange Commission filing on Monday. The price of Bitcoin climbed from about $118,000 to more than $119,000 over the course of the week, despite Strategy’s inactivity and a reported 80,000 BTC sale by an early investor on Friday, according to data from CoinGecko. Read more
Japanese company Metaplanet cemented its status as the top non-US Bitcoin treasury with a 780 BTC purchase, bringing its total holdings to 17,132 BTC. Japanese investment company Metaplanet bought an additional 780 Bitcoin, reinforcing its position as the only non-US company among the top 10 corporate Bitcoin holders. The company disclosed the acquisition in a Monday announcement. Following its latest Bitcoin (BTC) purchase, Metaplanet’s holdings reached a total of 17,132 BTC, with an average purchase price on the newly added Bitcoin of 17,520,454 Japanese yen per coin (around $118,145) for a total cost of about $92 million. Metaplanet has spent a total of $1.7 billion on Bitcoin at an average cost of $99,640 per coin. Read more
Bitcoin gets an early macro tailwind as the US seals trade deals, but plenty of BTC price volatility catalysts are waiting in the wings into August. Bitcoin (BTC) heads into the July monthly close eyeing $120,000 as a BTC price rebound holds firm. BTC price action is giving market participants cause to expect all-time highs again, but the threat of a $113,000 comedown remains. A giant week of US macro data combines with the Fed meeting on interest rates amid pressure on Chair Jerome Powell. Read more
Bitcoin suddenly ups the volatility into Sunday's weekly close, with key liquidation zones on the radar and predictions of bigger BTC "price swings" to come. Key points: Bitcoin stages a late comeback into the weekly close as price approaches important liquidation zones. Traders and analysts emphasize various key price points to reclaim next. Read more
A crypto analyst disagreed with the statement, saying, “Everyone dies. At some point, investment returns become irrelevant.” A prominent crypto analyst has sparked debate in the Bitcoin community by claiming that Bitcoin OGs are losing confidence in the asset as it becomes increasingly adopted by institutions. “Many of the most ardent early whales have seen their faith shaken and have been selling at these prices,” Scott Melker, aka The Wolf of All Street, said in an X post on Saturday. “Bitcoin is amazing, but it’s obviously been co-opted to some degree by the very people that it was created as a hedge against,” Melker said. Read more
The Bitwise Invest executive admits he “could be wrong” but doesn’t see 2025 as the end of the upside for Bitcoin. Bitcoin’s price could see significant upside in 2026, bucking the traditional four-year market cycle, according to Bitwise chief investment officer Matt Hougan. The prediction comes as other analysts are divided on whether Bitcoin (BTC) will stray from its historical pattern or follow the traditional halving cycle and peak in the coming months. “I bet 2026 is an up year,” Hougan said in an X video on Friday. “I broadly think we’re in for a good few years,” Hougan added. Read more
Bitcoin delivers a classic liquidity grab with a correction below $115,000 only to bounce back, while traders eye a BTC price showdown with new all-time highs next. Key takeaways: Bitcoin traders now turn their focus to higher levels after Friday’s $115,000 liquidity grab. Fundstrat’s Tom Lee predicts Bitcoin could hit $250,000 by year-end. Read more
A young and tech-savvy population, combating inflationary pressures, is driving Bitcoin adoption and a new financial system in Pakistan. Pakistan’s demographics position the country as a major catalyst for Bitcoin (BTC) adoption, allowing it to “leapfrog” developed nations, according to Bilal Bin Saqib, Pakistan’s state minister of crypto and blockchain. “A global policy shift has happened, not just in Pakistan, but all around the world,” Bin Saqib told Cointelegraph in an exclusive interview. The government of Pakistan moved to regulate crypto in November 2024. The country has 40 million crypto wallets and is one of the “top five” countries in terms of crypto adoption, which the minister attributed to Pakistan’s young demographic. He told Cointelegraph: Read more