Bitcoin Magazine

Bitcoin ETFs Take in Nearly $1B in New Money — But What Will the Price Do?

American investors have thrown fresh cash at Bitcoin exchange-traded funds over the past six days, helping the price of the top cryptocurrency to rise again. 

Data from Farside Investors shows that close to $1 billion has been pumped into the funds since Tuesday last week. 

The price of Bitcoin was recently trading at nearly $65,860, down slightly over the past 24 hours but up 1% over a seven-day period. The leading cryptocurrency touched a weekly high yesterday of $66,891. 

Funds managed by BlackRock, Morgan Stanley, and Grayscale have taken in over $930 million in the six-day streak after weeks of lacklustre flows and sloppy price action. 

Bitcoin is currently nearly 50% below its October record of $126,080 after a massive liquidation event, war in the Middle Eastern and inflation all weighed the cryptocurrency down. 

Bitcoin upside potential?

Analysts remain wary of digital assets’ future price path as markets reckon with a re-escalation of the Trump administration’s war with Iran and inflation. 

European asset management firm CoinShares last week said that while investors are back at putting fresh cash in Bitcoin via the exchange-traded products, other factors may hold digital asset markets from going higher. 

“We have said for some time that Bitcoin has probably reached, or is close to, its floor,” James Butterfill, head of research at CoinShares, wrote. “But we see no significant upside potential from here.”

Current macroeconomic headwinds, such as the US bombing Iran and rising oil prices, could see inflation go up again. The price of Bitcoin has typically done well on news that inflation is coming down because investors expect interest rates to come down.

And another report by NYDIG last week claimed that the asset’s current slump is down to supply mechanics rather than risk sentiment. 

The report revealed that Bitcoin’s year-to-date performance makes it the worst-performing asset — losing out against US treasuries, silver, and currencies like the Swiss Franc. 

It added that if Bitcoin’s price action were to match other drawdowns — like the bear market of 2022 — a “potential cycle low near $38k-$39k” was possible.

This post Bitcoin ETFs Take in Nearly $1B in New Money — But What Will the Price Do? first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bitcoin Price Closes in on $67,000, Lifting Strategy and Other Crypto Stocks

Bitcoin’s price jumped Tuesday to its highest in over one month, bringing crypto stocks like Bitcoin treasury’s Strategy with it. 

The Bitcoin price was recently priced at $66,886, up nearly 3% in 24 hours. Over the past seven days, the leading cryptocurrency has risen by close to 6%. 

Its rise comes as stocks also trade higher — despite tensions in the Middle East flaring up again. 

Nasdaq-listed Strategy (MSTR), formerly MicroStrategy, also jumped above $100 per share on Tuesday. 

The price jump comes even as the Bitcoin juggernaut on Monday revealed it did not make its usual crypto buy, instead reporting the sale of a $225 million in MSTR shares, which it used for its dollar reserve. 

Strategy stock plunged with the price of Bitcoin last year, and is currently well below its November 2024 peak of $473.83. 

The software company, which started buying Bitcoin in 2020 as an inflation hedge, holds at 843,775 BTC, a position worth around $56.2 billion at current prices. 

Other Nasdaq-listed crypto stocks, including America’s biggest crypto exchange, Coinbase (COIN) and Bitcoin miner Marathon Digital (MARA), also surged on Tuesday. COIN at the time of writing was up 11% and MARA was trading over 6% higher. 

Middle East flare up 

Bitcoin’s price has taken a hit so far in 2026, and is currently down nearly 24% year-to-date. Since the leading crypto notched a new record of $126,080 in October, it has shed close to 50% of its value. 

The asset first got hit hard in October when the biggest crash in the history of the industry liquidated more than $19 billion in crypto bets. 

Then, crypto markets got hit harder after the U.S. and Israel attacked Iran in February, driving oil prices higher and deepening uncertainty around global inflation. 

Investors are now not expecting the Federal Reserve to cut interest rates anytime soon. More inflation comes less chance of interest rate cuts, which restricts the liquidity that Bitcoin needs to surge.

Iran and the U.S. continue to fight, ending a truce, but Bitcoin seems immune to the latest flare up. 

As of July 20–21, the U.S. carried out its 10th straight night of strikes on Iranian military targets, with Trump vowing retaliation for three American service members killed and the Pentagon reporting nearly 100 U.S. troops injured over two weeks. 

This post Bitcoin Price Closes in on $67,000, Lifting Strategy and Other Crypto Stocks first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bitcoin Sentiment Is Turning Bullish — But It’s Too Early to Celebrate: Report

The Bitcoin bottom may be in — but don’t get your hopes up: It might struggle to go up anytime soon, according to one investment firm. 

A Friday report from European asset management firm CoinShares said that investors last week threw fresh cash at Bitcoin — and other crypto — exchange-traded products, indicating a change in sentiment. 

But other factors may hold digital asset markets from going higher, James Butterfill, head of research at CoinShares, wrote. 

“We have said for some time that Bitcoin has probably reached, or is close to, its floor,” the report read. “But we see no significant upside potential from here.”

The report added that current macroeconomic headwinds, such as the US bombing Iran and rising oil prices, could see inflation go up again. 

Bitcoin’s price was up earlier this week, hitting a seven-day high of $65,501 on news that inflation in the US was softer than expected. It has since erased those gains and was recently trading for $64,010. 

The price of Bitcoin has typically done well on news that inflation is coming down because investors expect interest rates to come down. But Butterfill said that “a rate cut does not look probable at this stage.”

Bitcoin’s worst run on record

CoinShares’ data showed that investors pulled a total of $8 billion out of funds giving crypto exposure — “the worst run on record.” 

Last week, though, things reversed when $287 million hit crypto funds, CoinShares said, with the data so far showing that this week looks likely to be another positive streak.

The price of Bitcoin has typically done well when US investors — previously excluded from crypto investing — have bought shares in exchange-traded funds approved in 2024. 

The products — handled by the likes of BlackRock, Fidelity, and Grayscale — allow more traditional investors or Wall Street institutions to buy positions in Bitcoin via shares that trade on stock exchanges. 

Since BTC’s October all-time high of $126,080, crypto markets have faced a battering as those investors have fast cashed out of the funds. Bitcoin has struggled to make gains, especially after the US and Israel started bombing Iran, leading to a surge in the price of oil. 

The leading cryptocurrency is now nearly 50% below its record. 

“The dominant picture is that the current setup is prompting interest in adding positions, but caution prevails while sentiment remains broadly negative,” CoinShares added. 

This post Bitcoin Sentiment Is Turning Bullish — But It’s Too Early to Celebrate: Report first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bitcoin Price Falls Under $63,000 on U.S.-Iran Strikes and Trump’s China Charge, but Onchain Data Points to Buyers

Bitcoin price fell below $63,000 on Friday, as a fresh wave of U.S. airstrikes on Iran and a new political dispute between Washington and Beijing pushed investors out of risk assets.

Bitcoin price traded near $62,800, an extension of Thursday’s 1.4% slide from $65,000, according to Bitcoin Magazine Pro data. The token slipped under its 50-day simple moving average, a gauge of near-term momentum that many traders watch.

The bitcoin price retreat tracked a broad decline across global markets. Japan’s Nikkei 225 dropped 4% and entered a correction, a fall of more than 10% from its June 25 peak, as memory-chip maker Kioxia lost 16.1%. Hong Kong’s Hang Seng shed 2%, while the Shanghai Composite fell 3.1% to an 11-month low. 

Futures tied to the Nasdaq pointed to a decline of 1.6%, an echo of Thursday’s drop on Wall Street, where chip shares from Nvidia, Micron, Broadcom and Qualcomm came under pressure on fears that the AI rally has run past its earnings.

Bitcoin price, Iran escalations, and uncertainty in Washington 

Iran’s semi-official Fars news agency, citing the Hormozgan province governorate, said U.S. airstrikes hit five bridges in the southern province. 

A separate missile strike damaged the maritime control tower at Iran’s Chabahar port. WTI crude climbed near $79 a barrel, a rise close to 15% across five sessions, a move that revived concern about inflation and the path of interest rates.

A second front of uncertainty opened in Washington. President Donald Trump declassified intelligence reports that allege Chinese interference in U.S. elections and claimed Beijing obtained 220 million voter records, a threat he cast as a danger to democracy. China’s embassy denied the allegations. 

The dispute itself carries little market weight, though traders fear it could strain ties before Trump’s September meeting with Xi Jinping. The Australian dollar, a proxy for China-linked trade, weakened against the greenback.

Bitcoin price market dynamics

Against that backdrop, some analysts argue the sell-off masks a market whose core drivers have changed little. Nicolai Sondergaard, a research analyst at Nansen, said the bitcoin price tape reflects macro data more than a geopolitical hedge.

“The inflation and liquidity channel is doing more work here than the geopolitical hedge narrative,” Sondergaard said. He pointed to the June CPI report released July 14, which showed headline inflation of 3.5% against a 3.8% forecast and a core reading of 2.6% against 2.9%. The dollar index sank to near 100.77, a multi-month low, and the 10-year Treasury yield eased to 4.57%.

The softer print reset Fed expectations. Odds of a rate hike at the July 28-29 meeting fell from above 40% to the low teens, according to CME FedWatch data. 

“The FOMC meeting on July 28 to 29 is the actual binary,” Sondergaard said. “If the CPI data holds and the Fed signals a credible pivot path, the conditions for sustained ETF inflows are back in place.”

Onchain flows support his read. Spot bitcoin ETFs drew $510 million across three sessions this month, an end to a $2.73 billion outflow streak, with BlackRock’s IBIT in the lead. Nansen’s data shows large wallets held their ground through the strike. 

“Net outflows hit -18.3 BTC in the strike hour, then reverted to a post-shock average of +0.67 BTC per hour, meaning buyers returned within the same session,” Sondergaard said.

Sondergaard framed positioning as constructive rather than fragile. Funding rates sat near zero, a sign that leveraged longs are not crowded, and smart-money long/short ratios ran at 1.58 with no rotation into stablecoins. Retail traders held a ratio of 1.79, a step ahead of the pros but in the same direction. Seven-day inflows concentrated in liquid staking, DeFi lending and decentralized exchanges, a risk-on allocation.

 Sondergaard said the sequence rhymes with past shocks. “Prior Middle East escalations produced the same pattern: short-duration flush, accumulation resumes,” he said.

“MVRV sits at 1.205 with realized price at roughly $53,000 and the long-term holder cost basis around $49,900, which defines the structural floor,” Sondergaard said. “That is not the profile of a market running on geopolitical sentiment.”

At the time of writing, the bitcoin price is $62, 836.

This post Bitcoin Price Falls Under $63,000 on U.S.-Iran Strikes and Trump’s China Charge, but Onchain Data Points to Buyers first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Bitcoin to $40,000? If History’s Anything to Go By, It’s Possible, Says Report

Bitcoin has underperformed compared to other “risk-on” assets this year — and if history’s anything to go by, its price could dip as low as $38,000 by October. 

That’s according to a new report by NYDIG, which reveals that the asset’s current slump is down to supply mechanics rather than risk sentiment. 

Bitcoin’s price has in the past moved with tech stocks but 2026 has been different: AI-related equities have soared while crypto markets have slumped. Bitcoin was recently priced at $64,809, down nearly 30% year-to-date and close to 50% less than its October all-time high of $126,080. 

“Bitcoin’s 2025–2026 drawdown is bringing the 4-year cycle narrative back into focus, because the timing and structure increasingly resemble the prior reset years of 2014, 2018, and 2022 even though the path has not matched those drawdowns exactly,” the report read. 

NYDIG revealed that Bitcoin’s year-to-date performance makes it the worst-performing asset — losing out against US treasuries, silver, and currencies like the Swiss Franc. 

It added that if Bitcoin’s price action were to match other drawdowns — like the bear market of 2022 — a “potential cycle low near $38k-$39k” was possible. 

The good news: Bitcoin had its least volatile year ever in 2025, and some analysts opining that this year’s drawdown may be shallower than in previous bear markets. 

Is Bitcoin digital gold?

NYDIG added that Bitcoin’s rolling correlation with gold increased during 2026’s second quarter, with both assets experiencing sell-offs. 

Bitcoin has been correlated to the precious metal in the past and Bitcoiners have described the top digital coin as “digital gold.” 

But the asset last year was more correlated with US equities — especially tech stocks. 

NYDIG added that other commodities experienced sell-offs in the second quarter of 2026, with the so-called debasement trade losing momentum. Traders in 2025 spoke of the “debasement trade” as a hot move to hedge against the dollar — and other fiat currencies — losing value. 

Bitwise said in a report last week that while Bitcoin closed Q2 2026 in its deepest and longest downturn since the last bear market, the fundamentals are in place for a quick recovery, with regulators passing crypto-friendly legislation. 

NYDIG added that the passing of the market-structure CLARITY Act “is the most important forward catalyst for the digital asset industry.”

“For Bitcoin, CLARITY’s direct price impact is less significant than for altcoins and crypto equities, but the investment implication remains material because a clearer U.S. market-structure regime would benefit the entire industry,” it noted. 

This post Bitcoin to $40,000? If History’s Anything to Go By, It’s Possible, Says Report first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Traders Took $8.2 Million From Polymarket’s Five-Minute Bitcoin Bets, Study Found

A new study argued that Polymarket’s five-minute Bitcoin contract became a machine for wealth transfer. It moved money from retail bettors to a small band of manipulators, and it made Bitcoin’s spot price worse in the process.

The paper, “Settlement Manipulation in Prediction Markets” by David Dai, Ruizhe Jia, and Shihao Yu of Stanford and Singapore Management University, studied a product that did not exist before February 12, 2026. 

On that date Polymarket launched a binary contract that paid $1 if Bitcoin closed a five-minute window above where it opened, and $0 otherwise. A fresh contract opened every five minutes around the clock. 

Within months, Polymarket’s five- and fifteen-minute crypto up/down markets traded more than $4 billion and tripled the platform’s daily volume. The flaw in polymarket was when the contract settled against a Chainlink oracle that averaged Bitcoin’s price across major spot exchanges. 

A trader who held the contract could buy or sell real Bitcoin in the closing seconds, drag that reference price across the strike, and win the bet.

The oracle’s blend of exchanges looked like a defense, because moving it seemed to require moving many venues at once. The authors showed it was not much of a defense. Binance, the largest crypto exchange, sat about two and a half basis points from the oracle and moved near one-for-one with it. It finished on the same side of the strike as the resolution about 85%of the time. A push that drove the Binance price a few basis points past the strike carried the outcome.

The pattern was in the Binance data. After the five-minute contract went live, net order flow in the final ten seconds before each close jumped about 50% above the pre-launch level. The spike was sharpest where a push mattered: in the 6% of cycles the market judged near-even, the jump was about 3.9 times the rest.

The reversal gave it away. Real information stays in a price; a manipulative push does not. Within ten seconds the price reverted, by about a quarter in the near-even cycles. The pushes clustered in thin hours, when a dollar of flow moved the price the most: 56% landed overnight and 44%on weekends.

Who won, who paid with these Polymarket bets

In near-even cycles, a push against the favored side flipped the winner 65% of the time, against 41% in normal trading. Even when one side held a 90-to-100% chance before the close, a push against it reversed the outcome 34% of the time, against 1% in cycles with no push. A bet the market treated as near-certain lost one time in three.

Because Polymarket settled on a public blockchain, the authors traced each wallet. Just 821 traders fit the manipulator profile, about one in three hundred of the 243,000 who traded the contract. They took $8.2 million in the pushed cycles and broke even in the rest. Of the losses, 93% fell on retail.

The authors ruled out hedging as the innocent explanation. A binary contract carried little exposure to hedge once one side was near-certain, yet those were the cycles a push flipped. And the trades arrived in one burst in the final fifty seconds, not as a position built over the window.

The remedy

The fix was the contract’s horizon. Manipulation was absent from the fifteen-minute contract, because a longer window took in more ordinary trading before the close and made a fixed push a weaker force. The stakes reached past crypto: Nasdaq and Cboe each filed with the SEC to list binary asset-price contracts on equity indices, which would carry the same risk onto larger markets.

This post Traders Took $8.2 Million From Polymarket’s Five-Minute Bitcoin Bets, Study Found first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Bitcoin Price Jumps Over $65,500 on Soft Inflation Data 

The Bitcoin price jumped over $65,500 on Wednesday after US inflation data showed that producer prices fell in June. 

Data from the Labor Department showed that the Producer Price Index posted its biggest decline in 14 months. The PPI, excluding food and energy, fell 0.3% in June, according to Bureau of Labor Statistics numbers. 

Bitcoin’s price was recently trading at $64,943, a 2% 24-hour jump. 

The Bitcoin price has typically surged when signs inflation is cooling emerge as investors then expect a bigger chance of lower interest rates. Crypto, stocks and other “risk-on” assets have in the past done well in a low-interest rate environment. 

Still, the cooling inflation does not take into account the latest escalation in the US-Iran war: President Trump this week said the US would take control over the Strait of Hormuz. 

On Wednesday, the US leader vowed to intensify the bombing until Tehran stops attacking ships in the Strait of Hormuz and agrees to open the waterway. 

“We’re going to hit [Iran] very hard the night after,” President Trump told Fox News on Tuesday. “And then next week it gets really bad for them because next week comes the power plants.”

“The only way you can negotiate with these people is through strength,” he added. 

Bitcoin’s price has faced increased volatility since the US and Israel attacked Iran on February 28, with the leading cryptocurrency dropping hard on initial reports of war.

Since the start of the year, the leading cryptocurrency has shed nearly 30% of its value, and is now close to 50% below the $126,080 record it notched in October. 

Downwards pressure has been added to the Bitcoin price as US investors fast cashed out of spot exchange-traded funds throughout the month of June as inflation uncertainties and a boom in artificial intelligence-related stocks has led speculators to put their cash elsewhere.

JUST IN: Bitcoin rips to $65,374 pic.twitter.com/j0mRcD6SMY

— Bitcoin Magazine (@BitcoinMagazine) July 15, 2026

Bitcoin price jumps on cooler inflation numbers

Figures released on Tuesday from June’s Consumer Price Index also showed that inflation appeared to be easing in the US, also leading to a jump in the Bitcoin price. 

Over a seven-day period, Bitcoin’s price has traded from $61,507 to as high as $65,501. 

Traders are now keeping an eye on what new Federal Reserve Chair Kevin Warsh — who’s typically been an inflation hawk in the past — will do while leading the central bank. 

The new Chair told congress this week that the Federal Reserve has “no tolerance for persistently elevated inflation,” and that policy makers at the bank share “a resolute commitment to restoring price stability.”

Kevin Warsh was sworn in as the new central bank chief in May. The former Federal Reserve governor has said he wanted to lower the cost of borrowing but markets initially priced him in as a hawk — someone who would raise interest rates to tackle inflation. 

At the time of writing, the bitcoin price is near $65,000.

This post Bitcoin Price Jumps Over $65,500 on Soft Inflation Data  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bitcoin Price Jumps Above $64,000 as Cooler-Than-Expected Inflation Strengthens the Case for Rate Cuts

Bitcoin price briefly climbed above $64,000 on Tuesday after the June Consumer Price Index came in softer than forecast, giving traders fresh reason to bet the Federal Reserve will step back from further tightening.

The Labor Department reported that headline CPI fell 0.1% in June from the prior month, pulling the annual rate down to about 3.9% from 4.2% in May. A near 10% drop in gasoline prices drove much of the decline. Bitcoin price, which had spent the past week under pressure from leverage flushes and geopolitical risk, turned higher on the print and traded near $63,800, a gain of about 2% on the day.

Softer inflation data eases the path toward rate cuts, and lower rates reduce the opportunity cost of holding an asset that pays no yield. As the reading crossed the wire, Treasury yields eased, the dollar gave back ground against major currencies, and equities pushed into the green. Gold added to its recent advance.

Core CPI, which strips out food and energy, held at about 2.9% year over year, above the Fed’s 2% target and a sign that underlying price pressure has not broken. That stickiness keeps a July hike on the table. 

Ahead of the release, futures markets priced a two-in-three chance the Fed holds its 3.5% to 3.75% range at the July 28-29 meeting, with the remainder betting on a quarter-point increase.

BREAKING: CPI inflation falls to 3.5%, far below expectations

— Bitcoin Magazine (@BitcoinMagazine) July 14, 2026

Fed Chair Kevin Warsh added to the uncertainty. Minutes from the June meeting flagged AI-driven energy demand as a new source of inflation, a factor that complicates any read on where prices head next. Warsh is due to testify this week, and traders will parse his tone for signals on the September path.

The gasoline drop that flattered the June number could reverse fast. President Trump reinstated a naval blockade on Iranian shipping and moved to assert control over the Strait of Hormuz, and crude has pushed back above $80. A sustained oil rebound would feed straight into the inflation the Fed has fought to contain.

Bitcoin price setup

For Bitcoin price, the setup is a balancing act between hope for looser policy and caution over what a renewed energy shock would mean.  Spot ETF flows, which anchored much of the past year’s demand, have shown signs of fatigue, leaving price more exposed to macro swings.

Bitfinex analysts wrote to Bitcoin Magazine that Bitcoin ETF demand still isn’t price- or sentiment-agnostic, with the bid appearing on calm days and pulling back on volatile ones. The analysts think this signals that Bitcoin remains a macro-dependent asset.

They note the 30-day average of ETF net flows has been in an outflow regime since mid-May 2026, though daily redemptions have eased from $193 million in early June to $88.9 million now, a slowing decline that still hasn’t found a floor for institutional demand.

Over the past 7 days Bitcoin price traded in a roughly $61,600–$64,700 range, peaking near $64,400 around July 10–12 before sliding to its low near $61,600 on July 13. It has since rebounded to $63,748 (up ~1% on the day), landing back in the middle of the week’s range.

The next broader market markers arrive fast: Q2 earnings from JPMorgan, Goldman Sachs, Wells Fargo, and Bank of America land this week, and the July FOMC decision follows in two weeks. 

At the time of writing, the bitcoin price is near $63,780.

This post Bitcoin Price Jumps Above $64,000 as Cooler-Than-Expected Inflation Strengthens the Case for Rate Cuts first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Bitcoin is “A Screaming Buy”: Standard Chartered Backs $100,000 Target, Shrugs Off Strategy (MSTR) Sell-Off

Standard Chartered maintained its end-2026 Bitcoin price forecast of $100,000 in a note to investors on Friday, arguing that the recent weakness reflects a failure by Strategy to explain a strategic shift rather than any deterioration in the company’s balance sheet.

Geoffrey Kendrick, the bank’s global head of digital assets research, wrote that Strategy — the largest corporate holder of Bitcoin, with 843,775 coins, more than 4% of the 21 million that will ever exist — “appears to be pivoting from its ‘never sell Bitcoin’ mantra to a more complex approach.” 

Clear communication of that pivot, he wrote, will determine how fast the pressure on BTC lifts.

Between 2020 and mid-2025, Strategy’s mNAV — enterprise value divided by the value of its Bitcoin — traded above 1.0. That premium lets the company issue shares, buy Bitcoin, and grow its value by more than the value of the new stock. Convincing the market it would never sell was the load-bearing part of the model.

With mNAV near 1.0, that arithmetic no longer works. Kendrick said Strategy is pivoting toward holding Bitcoin as backing for STRC, its perpetual preferred stock, which functions as a credit product.

JUST IN: Standard Chartered Bank says it still predicts Bitcoin to hit $100,000 this year, calling BTC "a screaming buy." pic.twitter.com/zDgF66jvxf

— Bitcoin Magazine (@BitcoinMagazine) July 10, 2026

The STRC feedback loop

STRC pays a 12% annual dividend, settled twice a month in cash, with the rate reset each month to keep the security near its $100 par value. It has about $10 billion notional outstanding, the largest of the instruments Strategy has deployed.

A negative feedback loop took hold once STRC broke from par, hitting an intraday low of $71.25 on June 26. The divergence began after the June 1 disclosure that Strategy had sold 32 BTC the prior week. STRC still trades near $90, according to Standard Chartered. The USD reserve for STRC dividends stands at $2.55 billion, or 17.4 months of coverage.

Bitcoin is a ‘screaming buy’

The problem with “never sell,” Kendrick argued, is that it constrains how Bitcoin gets perceived. Strategy has announced a monetization program that lets it sell BTC from time to time, including up to $1.25 billion in proceeds for the reserve.

Given its Bitcoin backing, STRC is over-collateralized and should trade back toward $100, the note said. Kendrick compared the mechanism to a central bank promising to do “whatever it takes” and, through credibility, never having to act. 

Effective signaling, he wrote, should remove the need for Strategy to sell any Bitcoin. Kendrick treats the episode as noise rather than a signal about BTC’s medium-term direction. At $64,000, he calls the coin “a screaming buy.”

Strategy sold 3,588 BTC for about $216 million last week, its largest disposal to date, using the proceeds to fund preferred stock distributions and refill the reserve. JPMorgan analysts said the formal sale policy introduces “avoidable two-way risk” by making Strategy both buyer and seller. 

Strategy’s stock trades near $98 on Thursday. BTC traded above $64,400 on Friday.

This post Bitcoin is “A Screaming Buy”: Standard Chartered Backs $100,000 Target, Shrugs Off Strategy (MSTR) Sell-Off first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Bitcoin Slips to $62,000, Paring Rebound as CryptoQuant Sees Room Higher

Bitcoin traded near $62,000 today, surrendering part of a rebound that had carried it to $64,000 from last week’s bear-market low of $57,700. The pullback holds the price above the $60,000 level that CryptoQuant treats as support, though it trims a recovery of some 11% off the bottom.

The dip came as CryptoQuant’s Weekly Crypto Report, published today and shared with Bitcoin Magazine, argued the backdrop skews toward further gains. Head of Research Julio Moreno framed the bounce as a bear-market recovery rather than a trend reversal, with one central caution: the firm’s Bull Score Index, an aggregate of on-chain, market, and valuation conditions on a 0-to-100 scale, sits at 20, inside the bearish zone at or below 40 and short of the 60 reading tied to a sustainable bull market.

The report’s bullish case rests on seasonality. Across the past decade, July has ranked among Bitcoin’s stronger months, closing higher in most years shown. 

The pattern held in the down-cycles of 2018 and 2022, when Bitcoin gained some 20% and 17% during the month as the broader trend stayed weak. Entering July 2026 off a bear-market low, the report said, that pattern skews near-term risk toward gains.

Bitcoin demand is turning

Demand has turned. The 30-day change in total demand — spot plus perpetual futures — collapsed to some -650,000 BTC in early June, the deepest negative reading since 2022, as Bitcoin fell toward $58,000. 

It has since recovered toward neutral, with speculative futures demand crossing into positive territory and spot selling easing to its slowest pace since mid-May. A return to positive territory, the report said, would confirm a re-igniting demand engine.

U.S. buyers show signs of stabilizing. The Coinbase Premium Index, a proxy for U.S. spot demand, sank below zero in early June as Bitcoin bottomed near $57,000, one of its weakest readings of the year.

The premium remains under zero, though its path has tracked Bitcoin’s climb off the low and points to steadier institutional appetite.

Valuation added a floor. The on-chain trader unrealized profit/loss margin, for coins held one to three months, dropped below -24% in early June, under the -12% threshold the firm treats as undervalued. Readings at such extremes tend to mark local bottoms as short-term holders capitulate, the report said, and the margin has recovered as price bounced off $57,700.

Today’s slip to $62,000 underscores the report’s own hedge. CryptoQuant reads the market as off its lows, with improving internals but a bearish regime intact. 

A durable rally, it concluded, would require the Bull Score Index to climb above 60. Until then, the firm treats the move as a recovery within a bear market, not a reversal — a framing this week’s give-back does little to challenge.

This post Bitcoin Slips to $62,000, Paring Rebound as CryptoQuant Sees Room Higher first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Bitcoin Price Reclaims $60,000 As Strategy (MSTR) and Strive (ASST) Jump More Than 10%

Bitcoin price climbed above $60,000 on Wednesday, a level the asset had ceded during the last couple weeks of turbulence, after Federal Reserve Chair Kevin Warsh told a central bank forum that the threat of persistent inflation had moderated.

The cryptocurrency traded near $60,171 this afternoon, a gain of about 2.7% on the day, with a 24-hour high of $60,474 and a low of $57,718. Trading volume for the session reached $26.68 billion.

Warsh, in remarks at the European Central Bank forum in Sintra, Portugal, said inflation expectations in surveys and bond prices had eased. He paired the observation with a warning that price growth remains too elevated and that the Fed will not accept inflation above its 2 percent target. 

“We’re going to deliver price stability,” Warsh said.

Markets read the balance as a tilt toward relief. Bitcoin advanced as U.S. stocks rose and the dollar retreated from a weekly high. A softer dollar tends to lift demand for Bitcoin and other risk assets.

The move offered a reprieve in a hard year. Bitcoin sits about 30% below where it started 2026 and more than $66,000 under its record of $126,277, a slide that has kept the bear-market label in view. Its market value stands near $1.2 trillion.

Strategy (MSTR) and Strive (ASST) jump over 10% at times in intraday trading

Bitcoin treasury companies posted sharper gains. Strategy, the software firm turned Bitcoin holder under Michael Saylor, rose close to 7.5% on the day — with highs of 13% during the day. Strive jumped more than 10% at times to $12.02. 

Both trade as leveraged proxies for Bitcoin, and their swings tend to exceed those of the coin. Strive has spent 2026 building a treasury that now tops 16,000 BTC, and the stock has climbed more than 100% across three months.

Earlier this week, Strategy released a new Digital Credit Capital Framework that raised the dividend on its STRC preferred shares to 12%, authorized up to $2 billion in share buybacks, and created a bitcoin monetization program allowing limited BTC sales for specific corporate purposes. 

The company also established a $2.55 billion U.S. dollar reserve to cover preferred dividends and debt interest, with board rules requiring at least 12 months of coverage at all times. Strategy said any bitcoin sales would be limited to replenishing reserves, funding dividends and interest when preferable to issuing equity, or financing stock buybacks, while reaffirming bitcoin as its primary treasury asset.

This post Bitcoin Price Reclaims $60,000 As Strategy (MSTR) and Strive (ASST) Jump More Than 10% first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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UAE-Based Goldman Lampe Private Bank Acquires $137 Million in Bitcoin

Goldman Lampe Private Bank has purchased €120 million (roughly $137 million) worth of Bitcoin, the UAE-based institution announced Monday, timing the buy to coincide with a recent pullback in cryptocurrency markets.

The Ras al Khaimah-headquartered bank said the acquisition strengthens its institutional Bitcoin holdings and reflects its conviction in digital assets as a long-term store of value. The move positions Goldman Lampe as one of the more aggressive institutional buyers to act on the current market downturn.

“Bitcoin continues to demonstrate remarkable resilience as a store of value and strategic asset,” said Abdullah Hamad Al Shamsi, Chairman of the Board. “By capitalizing on this market dip, we are not only enhancing our institutional holdings but also reaffirming our leadership in bridging traditional private banking with cryptocurrency solutions.”

Goldman Lampe did not disclose the exact number of Bitcoin acquired, the price at which the purchase was executed, or the bank’s total Bitcoin holdings to date.

Founded in 1934 and regulated in the UAE, Goldman Lampe markets itself as the first bank in the world to offer crypto term deposits — a product that lets high-net-worth clients earn yields on digital asset holdings within a regulated framework. The bank also offers gold bullion trading and private wealth management services.

The Bitcoin purchase adds to a broader thesis the bank has pushed publicly: that digital assets belong inside institutional portfolios, not alongside them as a speculative side bet. The bank’s term deposit product, it says, gives clients structured, compliant exposure to crypto in a format familiar to traditional wealth management clients.

The acquisition comes as institutional Bitcoin buying has become a more common playbook. Companies including MicroStrategy and a range of sovereign wealth vehicles have made similar dip-buying moves in recent cycles.

Bitcoin price action

Bitcoin entered June 2026 trading near $73,674 and has since fallen to around $58,500 as of this morning— a decline of roughly 18% for the month. The drawdown has been driven by ETF outflows, a stronger U.S. dollar, elevated interest rate expectations, and rotation into AI equities.

Technically, Bitcoin is trading below both its 20-month and 50-month exponential moving averages, signals that analysts associate with bearish intermediate-term pressure. The 50-day moving average sits above the current price, a potential resistance level if BTC attempts a recovery. The 100-month EMA, however, remains below the current price, leaving the long-term structural trend intact.

Bitcoin is down roughly $48,000 from its price one year ago, though that comparison reflects what was a period of peak pricing in mid-2025.

Goldman Lampe’s purchase puts its acquisition cost somewhere in the current trading range, with the bank betting that the dip represents an entry point rather than the beginning of a longer decline.

This post UAE-Based Goldman Lampe Private Bank Acquires $137 Million in Bitcoin first appeared on Bitcoin Magazine and is written by Micah Zimmerman.