Brandt expects further downside before Bitcoin completes its current bear market cycle later in 2026. He argues genuine market bottoms are driven by investor capitulation rather than cautious optimism. Despite near-term weakness, he believes Bitcoin can reach substantially higher prices before the next cycle peak. Peter Brandt expects Bitcoin’s current market cycle to bottom on […]
Bitcoin dropped to about US$62,530 on Friday, roughly 2.6% below where it started the day, before recovering to end the session near US$64,110. The Nasdaq Composite closed down 1.40% after falling as much as 2.44% intraday, while the Philadelphia Semiconductor Index has lost 7.8% across three sessions. Brent crude settled at US$88.10 a barrel, up […]
Bitcoin reacted more strongly than major equity markets to softer US inflation, highlighting a growing sensitivity to macro liquidity conditions. On-chain data suggests selling pressure from long-term holders is easing while buyers absorbed much of June’s decline. The short-term holder cost basis near US$69,000 (AU$100,050) is emerging as the next major resistance, with stronger spot […]
Phong Le told Bloomberg Television the US$3 billion reserve strengthens liquidity and reassures preferred shareholders after their feedback, with no change to the Bitcoin thesis. Strategy made no BTC purchases or sales between July 6 and 12; it holds 843,775 BTC acquired for US$63.69 billion, the largest identified corporate stash. Le said the company’s roughly […]
US consumer prices fell 0.4% in June, the largest one-month decrease since April 2020, taking annual inflation to 3.5% from 4.2%, the Bureau of Labor Statistics reported on July 14. Bitcoin traded near US$64,700 (AU$93,218), up about 3.5% in 24 hours, while Ether outperformed at about US$1,875 (AU$2,700), up roughly 5.2%, according to CoinGecko data. […]
On-chain trackers Lookonchain and Onchain Lens flagged the transfer of 2,931 BTC worth about US$188 million on Sunday, citing Arkham data. The coins arrived in October 2018 when Bitcoin traded near US$6,513, putting the stash’s value at about US$19 million when it was received. The destination is an unmarked wallet with no known exchange or […]
Michael Saylor wrote on X that “there are 110 things more dangerous to Bitcoin than spam” and argued the proposal turns a spam dispute into a consensus change. Blockstream CEO Adam Back described the proposal as a “quest to police other people” and said it conflicts with Bitcoin’s permissionless design. BIP-110 would cap data-carrying transaction […]
Michael Saylor posted Strategy’s Bitcoin acquisition chart on X on Sunday, captioned “Orange dots tell only part of the story.” The post came six days after Strategy disclosed the sale of 3,588 BTC for about US$216 million (AU$311 million), the largest in its history, to fund preferred-stock dividends. Strategy held 843,775 BTC and US$2.55 billion […]
Bitwise senior investment strategist Juan Leon characterised the roughly 50% drawdown as Bitcoin’s mildest structural bear market on record, against 78% in 2022 and 84% in 2018. CryptoQuant’s July 8 report put its Bull Score Index at 20, well below the 60 it says a sustainable rally requires, and read the rebound from about US$57,700 […]
Bitcoin traded near US$61,800 on July 8, roughly 51% below its October 2025 record above US$126,000. Standard Chartered’s Geoffrey Kendrick says the cycle bottomed at about US$59,000 on June 5 and keeps a US$100,000 (AU$144,000) year-end target. Galaxy Research’s base case puts the low between US$40,000 and US$46,000 before the fourth quarter of 2026, and […]
