Traders are unwinding their bearish positions as Bitcoin holds strong, fueling optimism for a potential breakout to $120,000. Key takeaways: Bitcoin derivatives show reduced demand for downside protection, suggesting renewed investor confidence. US import tariff hikes on Japan and South Korea intensified recession fears, boosting Bitcoin’s appeal as a hedge. Read more
Bitcoin futures show rising long-side buy pressure as open interest surges. Key takeaways: Bitcoin futures open interest has climbed +7% in 30 days, suggesting a bullish shift in sentiment. A Bitcoin market momentum indicator shows that long-side buy pressure is rising. Read more
French company The Blockchain Group and the UK-based Smarter Web Company each boosted their corporate Bitcoin treasuries on Monday with multimillion-dollar BTC purchases. Two European companies — France’s The Blockchain Group and the United Kingdom’s Smarter Web Company — have expanded their Bitcoin holdings. In a Monday announcement, The Blockchain Group said it acquired 116 Bitcoin (BTC) for about 10.7 million euros ($12.55 million), and the Smarter Web Company announced the purchase of 226.42 BTC for 17.9 million pounds ($24.34 million). Following its latest purchase, The Blockchain Group’s holdings total 1,904 BTC, acquired at an average price of $106,000 per coin. The Smarter Web Company’s holdings have reached a total of 1,000 BTC, bought for an average price of $106,750. Read more
Michael Saylor’s Strategy skipped weekly Bitcoin buys for the first time since April, announcing a new $4.2 billion stock sale and reporting $14 billion in unrealized gains in Q2. Michael Saylor’s Strategy, the world’s largest corporate holder of Bitcoin, reported $14 billion in unrealized gains on its holdings in the second quarter of 2025. The company recorded an unrealized gain on its digital asset holdings of $14.05 billion, along with a deferred tax expense of $4.04 billion, according to a filing with the US Securities and Exchange Commission on Monday “As of June 30, 2025, the Company’s digital asset carrying value was $64.36 billion, with a related deferred tax liability of $6.31 billion,” the filing stated. Read more
Japan’s Metaplanet has become the world’s fifth-largest corporate Bitcoin holder after acquiring 2,204 BTC. Japan’s top corporate Bitcoin treasury company, Metaplanet, has acquired another 2,204 Bitcoin for $237 million. In a filing on Monday, the company said it acquired an additional 2,204 Bitcoin (BTC) at an average price of 15,640,253 Japanese yen per Bitcoin (about $107,700). This brings Metaplanet’s total holdings to 15,555 BTC at an average purchase price of about $99,985 each. According to BitcoinTreasuries.NET data, Metaplanet is the fifth-largest corporate holder of Bitcoin. The company overtook the holdings of electric vehicle manufacturer Tesla in late June with an acquisition of 1,234 BTC, which brought its holdings to 12,345 BTC, with Tesla holding 11,509 BTC. Read more
Bitcoin sets another record high weekly close as traders determine where the BTC price tops and bottoms will be. Bitcoin (BTC) was inches away from all-time highs after it sealed another record weekly close. Bitcoin traders are eyeing both a return to price discovery and a “false move” to take liquidity at $105,000. The weekly close sealed July as a month for the record books, with “final resistance” now next on bulls’ to-do list. Read more
Elon Musk announced the formation of a new political party on Sunday, telling one of his followers on X that it will embrace Bitcoin as “fiat is hopeless.” Tesla CEO and tech entrepreneur Elon Musk has confirmed that his newly formed political party — the America Party — will accept Bitcoin. “Fiat is hopeless, so yes,” Musk replied to an X user who asked if his new party would embrace Bitcoin. Elon Musk is no stranger to Bitcoin as Tesla was an early adopter, holding BTC in its treasury. Read more
Bitcoin trades 2% below ATH as analysts eye new records amid looming US tariff deadline and upcoming “Crypto Week” volatility. Bitcoin could set a new record high as early as this week, with all eyes trained on the United States’ trade tariff deadline on Wednesday, which could unlock risk appetite, along with an upcoming “Crypto Week” in the country’s capital. “Bitcoin is likely to set a new all-time high this week or next,” the head of research at 10x Research, Markus Thielen, told Cointelegraph on Monday. He added that post-July 4th seasonality “tends to be bullish, and markets have largely shrugged off tariff-related risks.” Read more
Bitcoin and Solana are in for astronomical upside if they both complete a cup and handle breakout pattern, monthly chart analysis concludes. Key points: Bitcoin and Solana can reach parabolic new highs if both crypto tokens successfully complete a cup and handle pattern, according to analysis. BTC price and SOL price targets are $230,000 and $4,390, respectively. Read more
Arkham says the massive Bitcoin whale transfer might be due to a wallet upgrade, but others in the industry have their own theories. Blockchain intelligence firm Arkham says the recent $8.6 billion in Bitcoin that was moved on Thursday for the first time in over 14 years doesn’t appear to be heading for a sell-off. “There are no indications that this whale is selling Bitcoin,” Arkham said in an X post on Friday. Arkham added that the eight transfers — which moved 10,000 Bitcoin (BTC) at a time from eight wallets that were untouched for over 14 years — may be possibly due to the owner upgrading from the original legacy wallet to a Native SegWit address, which is said to have improved security and lower fees. “Yesterday’s $8 billion transfers were possibly related to address upgrades, moving from 1-addresses to bc1q-addresses,” Arkham said. Read more
References to Bitcoin in songs, movies, and televised media indicate that the digital asset is breaking into mainstream popular culture. Musical artist Drake made a lyrical reference to Bitcoin (BTC) in a new song released on Saturday titled "What Did I Miss?" The hip-hop artist previously wagered $1 million in BTC on the outcome of the 2022 Super Bowl, the championship American football game, between the Cincinnati Bengals and the Los Angeles Rams. Drake's reference to Bitcoin, and the hallmark volatility of the supply-capped asset, appears in the first verse of the song: Read more
When mining got tough, these firms chased AI dreams. Here’s how it panned out. Bitcoin miners turned to the rising AI trend ahead of the 2024 halving, which cut block rewards to 3.125 Bitcoin (BTC). Some just dipped their toes in, while others dove deeper, repurposing rigs, raising credit and signing billion-dollar deals. But how’s that spinoff working out in reality? In some instances, the move has been a lifeline that generates much-needed revenue as their Bitcoin earnings dropped. For others, it’s more of a safety net that can cushion future halving shocks. Read more
The Coinbase executive says he is “speculating on straws,” but if it is true, it would be “by far the largest heist in human history.” Conor Grogan, Coinbase’s head of product, says there’s a slight chance the $8.6 billion worth of Bitcoin moved on Thursday — from eight wallets that had held the Bitcoin for over 14 years — was caused by a hack, and if so, it could be the largest robbery ever. “If true (again, I’m speculating on straws here), this would be by far the largest heist in human history,” Grogan said in an X post on Friday, after raising the slim chance that the $8.6 billion worth of Bitcoin (BTC) moved from eight separate wallets was the work of bad actors. “There is a small possibility that the $8B in BTC that recently woke up were hacked or compromised private keys,” Grogan said, pointing out a suspicious Bitcoin Cash (BCH) transaction made before the significant transfers on Thursday involving 10,000 Bitcoin at a time. Read more