Track market-moving stories before they get noisy

A critical week has begun for Bitcoin and altcoins, with markets awaiting the Fed’s July decision.

While the Fed is largely expected to keep interest rates unchanged, statements from Fed Chairman Kevin Warsh are anticipated to be significant for cryptocurrencies.

In this context, with the FED decision eagerly awaited, BTC options traders reduced their short-bound hedging positions ahead of the FED announcement.

Glassnode analysts noted that the put/call ratio, which was at 0.76 at the end of June and indicates measures taken against a potential decline, has fallen to approximately 0.52.

According to analysts, this sharp decline indicates that investors have stopped buying insurance against a potential pullback and have shifted course back towards upward gains.

According to Glassnode data, large investors are actively accumulating $70,000 worth of call options. This suggests that the market is strengthening its expectation of an upward movement in the Bitcoin price in the short term.

Conversely, analysts warn that if the Fed sends a message different from market expectations, volatility in Bitcoin could rapidly increase due to a decrease in defensive positions.

*This is not investment advice.

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OranjeBTC, the largest public corporate Bitcoin treasury holder in Latin America, has added another 6 BTC to its balance sheet. The purchase brings the company’s total stash to 3,918 BTC, worth north of $250 million at current prices.

The quiet accumulator OranjeBTC trades under the ticker OBTC3.SA on Brazil’s primary stock exchange. The company went public through a reverse merger with roughly 3,650 BTC already on its books.

Since then, it’s been adding incrementally. In late June 2026, the company purchased 74 BTC. In early July, it grabbed another 8 BTC. Now this latest 6 BTC buy pushes the total to 3,918.

The math tells an interesting story. OranjeBTC has added roughly 268 BTC since listing, growing its treasury by about 7.3% in less than a year. Not exactly MicroStrategy pace, but consistent enough to rank among the top 25 public corporate Bitcoin holders globally.

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The company’s average acquisition cost basis sits above $100K per BTC. It means OranjeBTC has been buying at what many would consider elevated price levels, signaling genuine conviction rather than opportunistic bottom-fishing.

There was one brief interruption to the buying spree. In late October 2025, the company paused Bitcoin purchases to conduct a share buyback of approximately 99,600 shares for around $220K.

Why a Brazilian Bitcoin treasury matters In Brazil, the calculus shifts. The Brazilian real has experienced significant depreciation over the past decade against the dollar. For a company operating in that currency environment, holding Bitcoin isn’t just a speculative bet. It’s a hedging strategy against local currency weakness.

OranjeBTC’s focused approach, holding only Bitcoin rather than diversifying across multiple crypto assets, mirrors the playbook that Michael Saylor popularized but applies it to a market where the treasury hedge argument arguably makes even more sense.

What this means for investors For Bitcoin bulls, the steady accumulation at a cost basis above $100K reinforces the narrative that sophisticated corporate buyers see current price levels as reasonable entry points.

The risk side of the ledger deserves attention too. An average cost basis exceeding $100K per BTC means OranjeBTC’s entire treasury strategy is underwater if Bitcoin revisits the sub-six-figure range for an extended period. The company went public with 3,650 BTC and has been adding at prices that leave minimal margin for error on the downside.

Investors watching OBTC3.SA should also pay attention to the company’s approach to capital allocation. The brief pivot to share buybacks in October 2025 showed management is willing to toggle between Bitcoin accumulation and equity management depending on market conditions.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

One of Wall Street’s biggest brokerages just put a number on Bitcoin’s “fair value,” and the methodology is refreshingly boring. Jim Ferraioli, Charles Schwab’s Director of Digital Currencies Research and Strategy, pegs Bitcoin’s fair value at $95,000, based not on technical chart patterns or crypto Twitter sentiment, but on something far more tangible: what it costs the least efficient miners to produce a single coin.

The mining cost framework Using Glassnode data, the model identifies two key tiers. Efficient miners, those running modern hardware in low-cost energy environments, produce Bitcoin at roughly $60,000 per coin. Inefficient miners, operators with older rigs or higher electricity bills, face production costs around $95,000.

The $95,000 figure for inefficient miners is the one Ferraioli treats as the near-term fair-value reference, typically accompanied by a small premium. The logic mirrors commodity pricing: if it costs $95,000 to mine, the market price should trade at or above that level to keep the network’s broader mining base economically viable.

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The $60,000 efficient-miner threshold functions as a fundamental support level, the price floor below which even the most cost-effective operations start feeling pain. That figure also aligns with Bitcoin’s 200-week moving average, which currently sits in the $60,000 to $62,000 range, adding a layer of technical confirmation to the production-cost thesis.

Why production costs matter more than you think This framework gained particular relevance during periods in 2026 when Bitcoin’s price dipped below $80,000. At those levels, a significant portion of mining operations were operating underwater relative to the $95,000 production cost estimate. Schwab’s analysis throughout the June to July period continued to emphasize these production-cost floors as the key fundamental indicator, even as prices remained well below the estimated fair value.

The $95,000 price point has also historically served as a resistance level in previous market cycles, meaning it’s not just a theoretical floor but a price where real market dynamics have played out before.

What Schwab’s entry signals for institutional crypto analysis Ferraioli joined Schwab in 2025, arriving from Morgan Stanley. The firm has been systematically building out its crypto research capability, and the mining-economics model represents the kind of fundamental analysis framework that institutional investors demand before allocating capital.

Production-cost models carry credibility with traditional finance audiences because they mirror how commodities have been analyzed for decades. They’re grounded in measurable inputs like energy costs, hardware depreciation, and infrastructure expenses.

What this means for investors If Schwab’s framework holds, Bitcoin trading significantly below $95,000 represents a market pricing the asset below its marginal cost of production. The $60,000 level becomes the line in the sand: it’s where efficient miners hit breakeven, where the 200-week moving average provides technical support, and where Schwab’s model suggests the most aggressive buying opportunities might emerge during corrections.

The risk is that sentiment-driven sell-offs can push prices below production costs for extended periods, as anyone who lived through 2022 can attest. Miners don’t shut down instantly either. Many operate at a loss for months, hoping for a recovery, which delays the supply contraction that the model relies on for price support.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

El Salvador is heading into a presidential election with roughly 7,730 $BTC on its government tracker, worth approximately $502 million at current prices. The vote, scheduled for February 2027, will determine whether @nayibbukele's Bitcoin strategy survives its first serious political test.

An Opposition with No Bitcoin Policy Two of the country's main opposition parties have now confirmed their tickets. ARENA has fielded former lawmaker Maytee Iraheta alongside Verónica Henríquez, making it the party's first all-female presidential ticket. The FMLN has put forward physician and union leader Rafael Aguirre with Madai Santos as his running mate. Neither party has published a position on Bitcoin or the existing reserve.

The political arithmetic, however, strongly favours continuity. ARENA currently holds just two of 84 legislative seats, while the FMLN has held none since 2024. Bukele, who was nominated this month for a term running to 2033, polls above 80%. The National Bitcoin Office continues stacking roughly one $BTC per day as the country's opposition lines up challengers for the February 2027 vote.

The IMF Dispute Over the Stack Whether El Salvador's reserve is genuinely growing is a contested question. The IMF's explanation, confirmed by spokesperson Julie Kozack, is that increases in the Strategic Bitcoin Reserve Fund reflect consolidation of $BTC across various government-owned wallets, notably from a BANDESAL cold-storage address, rather than net new market purchases by the public sector. The total $BTC controlled across all government wallets, the IMF says, has remained unchanged.

Under the $1.4 billion loan arrangement, the IMF imposed a continuous quantitative performance criteria prohibiting new Bitcoin acquisitions by public sector entities, maintaining what the organisation described as a "ceiling of zero" throughout the 40-month program period. Following the IMF loan agreement, the government also removed the legal requirement for businesses to accept Bitcoin, effectively restoring the US dollar as the country's sole mandatory currency for everyday transactions.

The reserve's headline number may carry more political weight than its accounting can cleanly support. But with Bukele dominant at the polls and the opposition yet to stake out any crypto position, a change in direction before 2027 looks unlikely.

Sources
CryptoNews: El Salvador Bitcoin Reserve Faces IMF Scrutiny
Decrypt: El Salvador Is Buying Bitcoin Despite IMF Compliance
EdaFace: El Salvador Bitcoin Strategy Faces 2027 Election Test

21h05 ▪ 5 min read ▪ by Luc Jose A.

Summarize this article with:

After four weeks without a single bitcoin purchase, Strategy breaks with a habit that seemed immutable. Michael Saylor’s company, which has become the largest institutional holder of BTC in the world, has suspended its weekly acquisition pace to prioritize strengthening its dollar cash reserves. This change of course comes as the market watches every move, as Strategy’s decisions influence investor sentiment. Is this a simple financial adjustment or a turning point in the American giant’s strategy?

In brief Strategy has suspended its weekly Bitcoin purchases for four consecutive weeks. The injection of 525 million dollars brings the cash treasury to a total of 3.75 billion dollars. This cash cushion guarantees 2.1 years of dividend payments without liquidating a single crypto. This tactical pivot aims to quell criticism about share dilution among traditional investors. A massive injection of 525 million dollars into Strategy’s treasury Strategy has just made a major accounting adjustment to consolidate its financial foundations. This resource reallocation operation is reflected by several key figures and elements :

A cash adjustment : the recent injection of an additional 525 million dollars directly allocated to the fiat currency reserve ; The total volume of liquid assets : a cash treasury now reaching a total amount of 3.75 billion dollars as of Monday, July 27 ; A halt in the purchase pace : a total pause of four consecutive weeks without any bitcoin acquisition, breaking the usual cycle ; Dividend coverage : a financial cushion guaranteeing the full payment of dividends to shareholders over an estimated period of 25 months. On a purely operational level, this unprecedented financial reserve offers unparalleled visibility to the company. Regulatory documents submitted by the firm confirm that this working capital of several billion guarantees the payment of current obligations without disrupting the overall balance of the organization. By sanctifying this reserve in greenbacks, Strategy ensures an ability to calmly honor its future financial commitments. The company thus establishes a robust liquidity framework allowing it to operate in the institutional ecosystem without depending on immediate market conditions.

Criticism regarding share dilution This marked pause in acquisitions is taking place in a particularly tense climate, fueled by strong speculation about the firm’s financial structure. Recent fundraising operations triggered strong concerns among several sector leaders, who openly questioned the sustainability of a scheme relying on continuous issuance of new shares to finance crypto purchases. These critical voices mainly blamed management for exposing longstanding investors to value loss through mechanical dilution.

By making this pivot towards monetary consolidation, management provides a direct response to doubts expressed by its critics. The establishment of this foreign exchange reserve demonstrates to the market that the company has the levers necessary to maintain its dividend payment pace without questioning the structure of its share capital. This demonstration of financial maturity by Michael Saylor’s firm aims to neutralize attacks related to the alleged fragility of its business model while appeasing the concerns of Wall Street analysts.

Maintaining treasury in bitcoin Despite this tactical redeployment of liquidity, the group’s fundamental exposure to the underlying asset remains strictly unchanged. The company fully retains its portfolio of 843,775 bitcoins, reaffirming its undisputed status as the largest publicly traded company holder of the top crypto.

The strict separation between capital held in bitcoin and the operational dollar reserve proves that the firm can weather volatility cycles without ever having to sell a single token to meet its current obligations.

This temporary reorientation opens a deeper reflection on the long-term viability of hybrid corporate treasury strategies. The existence of liquidity covering more than two years of dividends offers considerable flexibility to absorb potential market turbulence while preserving the overall balance sheet.

Ultimately, this preemptive securing of outgoing flows could lay the groundwork for a new governance standard for financial institutions integrating cryptos, demonstrating that it is possible to combine holding high-potential assets with the management rigor required by traditional markets.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Bitmine keeps buying Ether as ETH outperforms BitcoinLatest NewsPublishedJul 27, 2026

The company added nearly 10,000 ETH over the past week, bringing its holdings to 5.79 million Ether, about 85% of which is staked through its validator operations.

Bitmine Immersion Technologies said Monday it holds 5.79 million Ether, or about 4.8% of the cryptocurrency’s total supply, after purchasing nearly 10,000 ETH over the past week.

Bitmine disclosed that about 4.9 million ETH (ETH), or roughly 85% of its holdings, are staked through its validator operations. The company projected annualized staking rewards of about $299 million once all of its Ether is deployed across its staking infrastructure and partner validators. The company’s crypto holdings, cash and marketable securities total $11.8 billion as of July 26.

The latest purchases come as Ether has outperformed Bitcoin (BTC) over the past week. ETH has gained about 2.4% over the past seven days while Bitcoin has fallen roughly 0.7%, according to CoinGecko data. In Monday’s announcement, Bitmine Chairman Tom Lee said the rising ETH/BTC ratio, which he described as being at a three-month high, signaled strengthening momentum for Ether.

Bitcoin and ETH performance over the past seven days. Source: CoinGecko

Bitmine has built the world’s largest corporate Ether treasury, trailing only Strategy among public companies by the value of its digital asset holdings. However, Bitmine’s accumulation strategy has recently diverged from Strategy’s, which has paused Bitcoin purchases in recent weeks.

On Monday, Strategy announced it had raised $544.5 million through stock sales, repurchased $25 million of its STRC preferred shares and increased its US dollar reserve to $3.75 billion, while maintaining holdings of 843,775 BTC.

Magazine: A quantum roadmap would push Bitcoin much higher: Charles Edwards

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Microsoft AI launches a new self-developed cybersecurity model.

Microsoft AI has launched a new self-developed cybersecurity model, MAI-Cyber-1-Flash. The model operates on the MDASH platform, a multi-agent framework designed to detect and remediate vulnerabilities in large-scale codebases. MDASH announced that the combination of MAI-Cyber-1-Flash and GPT-5.4 scored 12 points higher than Mythos in the CyberGym benchmark test. Microsoft AI stated that the model configuration provided on MDASH is 50% cheaper than its previous optimal setup (GPT-5.4 + 5.4 mini + 5.3 Codex). Source: Jinshi

1 hours ago

A U.S. organization projects that AI will discover twice as many cybersecurity vulnerabilities this year as it did last year.

The number of software security vulnerabilities found in popular tech products in 2026 is projected to be roughly double the 2025 count, with this surge largely attributed to the growing capabilities of artificial intelligence (AI) systems. The U.S. National Vulnerability Database (NVD) shows that 45,207 vulnerabilities have been logged between January and this Monday, a figure nearly matching the total for all of 2025. Last year, the database recorded an all-time high in vulnerabilities. Oracle (ORCL.N) reported that its July monthly software update fixed 1,449 security vulnerabilities, an all-time high, compared to just 309 fixes in the same period last year. Microsoft (MSFT.O) disclosed 642 security vulnerabilities in July, also an all-time high, nearly five times the number from the same period a year ago. Google (GOOG.O) discovered and fixed 433 such vulnerabilities in its latest Chrome browser update, versus only 11 in the equivalent update a year prior. Gabriel Shapiro, a distinguished AI research scientist at cybersecurity firm SentinelOne, noted: “We must face the reality that these tools are boosting people’s ability to uncover software vulnerabilities.” Doug Turner, Google’s Chrome engineering director, said vulnerabilities are being found at an “unprecedented scale and speed” due to advances in AI models and corresponding investments.

1 hours ago

Bitcoin pullback hits crypto treasury firms: TD Cowen slashes Nakamoto’s target price by 58% while retaining a Buy rating.

Wall Street investment bank TD Cowen has cut the price target for Bitcoin treasury company Nakamoto Inc. (NASDAQ: NAKA), slashing the post-stock-split adjusted target from $40 to $17—a 58% reduction—while retaining its "Buy" rating. TD Cowen analysts said the adjustment is mainly driven by pressure from Bitcoin price declines on Nakamoto’s highly leveraged capital structure. While the new target still implies around 275% upside from the current share price of $4.65, the stock is highly sensitive to Bitcoin price swings. TD Cowen forecasts Bitcoin will rebound to $100,000 by the end of 2026, roughly 25% below its all-time high of $126,000 set last October. The firm also expects Nakamoto to pause further Bitcoin purchases before 2027. Analysts noted that Nakamoto’s core value still stems from its Bitcoin holdings: the company currently holds 4,467 BTC worth approximately $290 million, ranking 22nd among public companies globally in Bitcoin holdings. However, its debt and preferred stock financing structure has eroded the asset value available to common shareholders. Recently, Nakamoto has completed several financial adjustments, including repaying roughly $45 million in debt, extending the maturity of $105 million in principal to June 2027, reducing financing costs, and approving a $25 million share repurchase program. Additionally, the company has shut down its previously operated medical clinic business and will focus on Bitcoin media, asset management, and advisory services going forward. Data shows NAKA’s share price has fallen more than 71% year-to-date, while Bitcoin has dropped around 26% over the same period. Market attention is shifting from "continuous BTC purchases" to the balance sheet structure and financing capabilities of Bitcoin treasury companies.

1 hours ago

Registrations for Trump’s account top 7 million, U.S. Treasury Secretary hails it as "the most successful launch project in government history"

U.S. Treasury Secretary Scott Bessent has dubbed Trump Accounts "the most successful launch project in U.S. government history," disclosing that roughly 7 million children have already registered for the initiative. Bessent made the remarks at a meeting of the Financial Literacy and Education Commission, noting that the number of registrants has risen from 6.5 million earlier this month. The U.S. Treasury Department added that the early sign-up rate for Trump Accounts outpaces that of other digital platforms and financial products. Launched on July 4, the program – also known as 530A accounts – is open to all U.S. children under 18 who hold a Social Security number. Under the plan, children born between 2025 and 2028 will receive a one-time $1,000 initial deposit from the U.S. Treasury. Parents, guardians, and grandparents can contribute up to $5,000 annually, with funds invested in ETFs tracking the S&P 500 index. Bessent stated that the project will help ordinary U.S. families access capital markets, "creating a new generation of shareholders" and enabling households long excluded from Wall Street to participate in stock investing. Consultancy McKinsey previously analyzed that with broad participation, Trump Accounts could accumulate approximately $80 billion to over $900 billion in assets for U.S. children over the next decade, though the final scale will depend on family participation rates, willingness to make ongoing contributions, and long-term investment performance.

1 hours ago

NVIDIA and OpenAI are developing a planned $500 billion AI data center project, with a 10GW capacity that could make it the world's largest.

According to The Wall Street Journal (WSJ), citing people familiar with the matter, NVIDIA and OpenAI are in talks for a mega AI data center project worth approximately $500 billion, located in southern Ohio, United States. The project is expected to have a maximum power capacity of 10GW, potentially becoming the world’s largest data center initiative. Reports state that NVIDIA may provide around $250 billion in funding to OpenAI for leasing a data center campus developed by SBEnergy, the energy subsidiary of SoftBank. The total cost of the project is projected to exceed $500 billion, including up to $350 billion for AI chip procurement. The first phase of the data center is scheduled for completion in 2028, with an initial power capacity of roughly 800MW. If fully implemented, its 10GW power scale will far outpace most current large-scale AI infrastructure projects, equivalent to meeting the electricity needs of around 8.4 million U.S. households. The project’s power resources are located on U.S. federal land and are jointly supported by the U.S. and Japan. Japan previously pledged $33 billion in investments for related energy infrastructure in exchange for reduced tariff arrangements. As demand for AI computing power continues to surge, NVIDIA is accelerating its expansion into large-scale AI infrastructure, forging deep partnerships with companies including OpenAI, Meta, Microsoft, and Amazon. If the project moves forward, it will further solidify NVIDIA’s core position in the AI computing power supply chain and push global AI infrastructure into a "trillion-dollar-level" competitive phase.

1 hours ago

Digital asset platform Uphold cuts 17% of its workforce, pivots to enterprise business.

Digital asset trading platform Uphold has announced a global layoff of roughly 17% of its workforce, affecting 85 full-time and contract employees. The company said the restructuring aims to reallocate resources to its fast-growing enterprise services business. Uphold CEO Simon McLoughlin stated that the firm underwent rapid expansion over the past few years, nearly doubling its headcount, and the layoffs represent a realignment of its business strategy. Despite the current slowdown in crypto market trading activity, the company remains bullish on the long-term prospects of digital assets and blockchain technology. Founded in 2015 and headquartered in New York, Uphold offers trading services for cryptocurrencies, fiat currencies, stocks, and precious metals to users. In recent years, it has gradually expanded its enterprise infrastructure business, assisting banks, fintech firms, and brokerages in integrating crypto trading and custody services. The layoffs come amid a prolonged crypto market slump. By the end of Q2 2026, the global total cryptocurrency market cap had fallen to around $2.1 trillion, with trading volumes declining and retail participation waning due to high interest rates, geopolitical uncertainty, and outflows from crypto ETFs. Uphold noted that it has not closed its UK operations or any other overseas offices, and regional operations remain fully functional. Looking ahead, the company plans to continue expanding its enterprise platform, while adding features including U.S. stocks, tokenized securities, asset-backed loans, credit cards, prediction markets, and DeFi yields to its consumer app. Market observers say Uphold’s restructuring reflects the crypto industry’s shift away from relying on retail trading revenue toward competing in institutional services, asset tokenization, and financial infrastructure.

1 hours ago

Apple is facing a lawsuit from three customers who say a fraudulent Bitcoin wallet application on its App Store cost them a combined $1.8 million. The complaint, filed on July 24 in a California federal court, names plaintiffs James Ramirez, Christopher Ellis, and Jalen Delgado.

How the Scam Worked The three plaintiffs say the malicious application impersonated the legitimate Sparrow Bitcoin wallet and instructed them to enter their seed phrases, after which their Bitcoin was transferred to wallets controlled by the scammers.

The scam worked in part because the legitimate Sparrow Wallet is a desktop application available for Windows, macOS, and Linux, and does not offer an iOS version. Any Sparrow-branded app on the App Store is therefore fraudulent by definition. The complaint also alleges Apple ranked the fake app into curated crypto collections, lending it additional credibility.

Ramirez allegedly lost Bitcoin worth about $875,000, Ellis lost around $840,000, and Delgado lost approximately $120,000, with thefts occurring between May and August 2025.

A Pattern Apple Was Warned About The lawsuit argues Apple had prior notice and failed to act. Sparrow Wallet developer Craig Raw publicly addressed Apple's slow response to multiple fake versions of his app appearing in the App Store, noting as early as January 2024 that a scam listing had persisted despite weeks of reports. Raw later attempted to protect users by submitting a placeholder app containing screenshots stating that Sparrow Wallet is desktop-only, only for his Apple Developer account to be flagged for termination due to "dishonest activity," a decision Apple later reversed.

The lawsuit alleges that even when victims reported fraud, Apple often took little to no action, and says other fake Sparrow apps remain in the App Store. The plaintiffs argue the fraud succeeded precisely because Apple had spent years marketing the App Store as a uniquely safe and trusted environment.

In response, Apple said it has taken swift action to remove any apps impersonating Sparrow Wallet on the App Store and to terminate developer accounts associated with those apps. The company also pointed to its own analysis showing that in 2025 it rejected more than 371,000 submissions that copied other apps, were spam, or otherwise misled users. The plaintiffs are seeking damages covering all funds lost through the fraudulent application.

Sources
BleepingComputer: Apple sued over fake App Store crypto wallet app stealing $1.8M in Bitcoin
MacRumors: Apple Responds to Lawsuit Over Fake Bitcoin Wallet Scam in App Store
TechCrunch: Apple sued after alleged App Store crypto scam cost users $1.8M

TLDR Bitcoin trades near $65,000, well below its historical valuation range. The MVRV Z-Score stands near 0.42, compared with its long-term average of 1.7. The indicator fell to about 0.185 on June 30, its lowest level this cycle. Bitcoin has not entered negative MVRV territory, which marked past capitulation phases. Investors realized about $8.5 billion in net losses during June. Realized profit and loss recently turned positive, showing that selling pressure is easing. Bitcoin is trading near $65,000 while key valuation data remains well below historical levels. The latest MVRV Z-Score stands near 0.42, compared with its long-term average of 1.7.

This gap has placed Bitcoin valuation at the center of market attention. The reading suggests BTC is cheaper than usual, but it has not reached the extreme levels often seen near major cycle bottoms.

Bitcoin Valuation Stays Below Its Long-Term Average The MVRV Z-Score compares Bitcoin’s market value with the value of coins based on their last movement. Traders use it to judge whether BTC is trading above or below its usual range.

The score has stayed below 1.7 for the past month. It also fell to about 0.185 on June 30, its lowest point of the current cycle, before recovering as Bitcoin moved higher.

Bitcoin has traded between $64,000 and $66,000 after falling about 15% over three months. The narrow range shows that buyers and sellers remain cautious before the Federal Reserve’s next rate decision.

CryptoQuant data also shows that investors locked in net losses during most of the past 30 days. Realized losses reached about $8.5 billion in June, followed by almost $3 billion in mid-July.

That pattern changed during the past week. Realized profit and loss turned positive, with daily gains ranging from $400 million to $500 million. The latest reading stood near $239 million.

No Clear Capitulation Signal Yet Previous Bitcoin bottoms often formed when the MVRV Z-Score dropped below zero. During late 2022, the metric stayed negative for several weeks while BTC traded near $16,000 to $17,000.

The current Bitcoin valuation remains above that level. Holders have reduced selling, but the market has not seen the same panic that marked the previous bear-market low.

Analyst Crazzyblockk said the market may be passing through a deep reset without a full capitulation event. Bitcoin has gained about 6% since trading near $60,000 in late June.

A move in the Z-Score toward 1.7 would show stronger valuation conditions. It could also support a wider price recovery if demand continues to improve.

A drop below 0.185 would send a different message. Negative readings could point to renewed stress and further losses before Bitcoin price finds a stronger base.

TLDR Strive purchased 79 BTC for about $5.2 million between July 20 and July 24. The latest purchase increased Strive’s total Bitcoin holdings to 20,000 BTC. The company paid an average price of $65,723 per Bitcoin, including fees. Strive’s Bitcoin treasury is now worth roughly $1.3 billion. The company can raise to $4.2 billion through its capital program. Strive has purchased 79 Bitcoin, lifting its total holdings from 19,921 BTC to 20,000 BTC. The company spent about $5.2 million between July 20 and July 24.

The average purchase price stood at $65,723 per coin, including fees. Its current Bitcoin reserve is worth about $1.3 billion based on market prices.

Strive adopted Bitcoin as a treasury asset in September 2025. Since then, the company has used capital raised through stock sales to support its buying plan.

Strive can raise to $4.2 billion under its approved capital program. It plans to direct much of that funding toward additional Bitcoin purchases as cash becomes available.

Strive completed its merger with Semler Scientific in January 2026. The all-stock deal added more than 5,000 BTC to the company’s balance sheet without using cash.

The structure left Strive with room to fund new purchases. It also gave the company access to cash raised through sales of ASST and SATA shares.

Cash Position Supports Further Purchases Strive reported cash reserves of $157.4 million in July, up from $154.1 million. However, it also posted a quarterly net loss of $393.6 million.

The company focuses on increasing Bitcoin per share rather than only raising its total coin count. Strive follows a model similar to Strategy, the largest corporate Bitcoin holder.

Strategy holds more than 843,000 BTC, while Twenty One Capital owns over 43,500 BTC. Metaplanet holds about 43,000 BTC but has paused purchases.

Other firms have reduced exposure. Satsuma Technology sold 579 BTC in December and approved the sale of its remaining 668 BTC this month.

Smarter Web Company and Nakamoto have also sold part of their reserves. Strategy paused purchases as Strive continued adding Bitcoin to its treasury.

HomeCryptoMARKETSEverSource Wealth Advisors discloses Bitcoin and XRP holdings.

EverSource Wealth Advisors, a wealth management firm based out of the United States, disclosed in a 13F filing with the U.S. Securities and Exchange Commission (SEC) that it holds exposure to Bitcoin (BTC), XRP, and major crypto companies.

BitcoinWhile most of the company's Bitcoin exposure is held in ETFs, the company also has a stake in the Trump family's Bitcoin mining and treasury company, American Bitcoin (Nasdaq: ABTC).

2X Bitcoin ETF: $763,724ARK 21Shares Bitcoin ETF: $1,723,981Bitwise Bitcoin ETF: $8,047Fidelity Wise Origin Bitcoin fund: $23,426,254Franklin Bitcoin ETF: $1,538Grayscale Bitcoin Mini Trust ETF: $1,298Grayscale Bitcoin Trust ETF: $451,149BlackRock's iShares Bitcoin Trust ETF: $3,079,799BlackRock's iShares Bitcoin Trust ETF: $252,804Osprey Bitcoin Trust: $1,883Proshares Bitcoin ETF: $1,588Proshares Ultra Bitcoin ETF: $463,978VanEck Bitcoin ETF: $16,876Bitwise Bitcoin ETF Trust: $6,052American Bitcoin: $40,866XRPWhile the first two are exchange-traded funds (ETFs) linked to XRP, the Armada Acquisition Corp II is a Ripple-backed Evernorth Holdings’ special purpose acquisition company (SPAC).

Notably, Evernorth is going to merge with Armada Acquisition.

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Franklin XRP ETF: $238ProShares Ultra XRP ETF: $17,646Armada Acquisition Corp II stock: $2,605 Other crypto holdingsWhile Coinbase Global is the largest crypto exchange in the United States, the rest of the stocks EverSource Wealth Advisors holds are Bitcoin miners.

Strategy (Nasdaq: MSTR): $3,797,255Coinbase Global (Nasdaq: COIN): $266,889MARA Holdings (Nasdaq: MARA): $28,766Riot Platforms (Nasdaq: RIOT): $28,119CleanSpark (Nasdaq: CLSK): $30,555Bitdeer Technologies (Nasdaq: BTDR): $4,428Cipher Digital (Nasdaq: CIFR): $53,828Iren Limited (Nasdaq: IREN): $130,056While Bitcoin was exchanging hands at $64,859.89 at the time of writing, XRP was trading at $1.09 at press time.

Speaking with Anthony Pompliano in a podcast on July 25, Visser noted AI remains a transformational investment theme, but the opportunity to generate seven- or eightfold returns from simply owning the sector’s most obvious winners has likely passed.

Visser added that investors are entering a more difficult phase of the AI cycle, where returns will depend on identifying companies with durable infrastructure, access to capital and real competitive advantages.

"The AI trade’s over," Visser said, clarifying that he did not mean AI itself was finished.

Visser says he believes returns of around 30% annually from AI infrastructure investments could still be attractive.

However, investors should no longer expect the extraordinary gains seen during the early phase of the boom.

Could Capital Rotate Toward Bitcoin?Visser pointed out that Bitcoin has held up relatively well despite remaining nearly 50% below its record high. He expects it to eventually move higher and has been personally adding exposure during the downturn.

The key signal, however, may be coming from the broader digital asset market.

A crypto ecosystem index he created recently moved above its mid-June highs, even though Bitcoin had not. At the same time, Ethereum has begun outperforming Bitcoin.

"All these things are suggesting that the market is starting to look more toward the revenue side of the equation, which would be more toward Ethereum and less toward Bitcoin," he stated.

Visser described that development as constructive for the long-term health of the crypto market.

AI And Crypto Are ConvergingVisser expects AI and crypto to become increasingly interconnected as autonomous agents begin carrying out financial transactions.

Stablecoins could become the primary payment system for AI agents, while blockchain networks provide always-on, programmable infrastructure that operates without relying on conventional banking hours.

He argued that stablecoins, not Bitcoin, are more likely to replace parts of the SWIFT payments system.

Governments, banks and technology companies are already positioning themselves around these new financial rails, he said.

"We are merging these two worlds of the past and the future, and it’s happening at a very, very fast pace," Visser highlighted.

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Bitcoin slipped below $65,000 on Monday as traders positioned ahead of Federal Reserve policy decision Wednesday.

Notable Statistics:

Coinglass data shows 118,449 traders were liquidated in the past 24 hours for $437.94 million.        SoSoValue data shows net outflows of $240.08 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $70.6 million. In the past 24 hours, top gainers include Pump.fun, LayerZero and Aerodrome Finance. Notable Developments:

Trader Notes:

Technical analyst Lennaert Snyder says Bitcoin’s weekend rally is retracing as expected after rejecting the $65,800 level, leaving liquidity above those highs as a likely future upside target.

He is watching three potential long-entry zones, with the first around $63,500.

The preferred accumulation area remains around $60,000, while $59,000 is viewed as the extreme range low potentially offering the best risk-reward if buyers step in.

Snyder also cautioned traders to account for potential volatility ahead of this week’s FOMC meeting.

Trader KillaXBT argues that today’s calls for $50,000–$40,000 Bitcoin mirror the 2022 market, when many investors waited for $10,000–$12,000 after Bitcoin had already bottomed near $16,000.

He contends that buying at $16,000, $20,000, or even $25,000 all proved profitable, with those willing to enter early ultimately rewarded.

Applying the same logic now, being early may look wrong for a few months. However, he remains confident Bitcoin will exceed $160,000 this cycle and long-term gains will outweigh the timing of the entry.

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Tether holds 97,141 bitcoin, enough to rank second among corporate holders if it were listed anywhere. It is not. There is no share, so there is no multiple, no premium, no discount, and no market referee on the largest private Bitcoin position in existence, funded by a business that earns more per employee than any company on earth.

Summary

Tether holds 97,141 BTC, worth roughly $6 billion at current prices, accumulated under a 2023 policy of allocating up to 15% of realized quarterly operating profits to Bitcoin, most recently an 8,888 BTC transfer on New Year’s Day. If Tether were public, ranking services place it second among corporate holders behind Strategy’s 672,497 BTC. It is private, so every metric built to value Bitcoin treasuries, mNAV above all, simply does not compute. The funding model inverts the treasury-company template: Strategy and its imitators raise capital to buy Bitcoin, while Tether buys with retained profits from a reserve business that reported over $10 billion in net income for 2025. Bitcoin is one leg of a diversified reserve: roughly 116 metric tons of gold worth more than $17 billion, around $135 billion in US Treasuries by the issuer’s account, against approximately $185 billion of USDT in circulation. The same diversification cuts both ways: S&P downgraded USDT to its lowest stablecoin rating in December, citing disclosure gaps and a rising share of high-risk assets, meaning the accumulation that makes Tether a Bitcoin power is what a rating agency counts against it. Every large corporate Bitcoin position in the world has a price attached to it, and not the price of the coins. Strategy has an mNAV. So does every listed treasury company, tracked in real time across a hundred names by analytics platforms that publish thirty metrics apiece: enterprise value over Bitcoin net asset value, premium or discount, diluted variants, debt-adjusted variants, the entire apparatus a market builds when it needs to decide what a pile of Bitcoin inside a corporate wrapper is worth. That apparatus has one conspicuous blind spot, and it happens to contain the second-largest corporate stack on earth. Tether holds 97,141 BTC, roughly $6 billion at current prices, accumulated quarter after quarter since 2023 under a policy of committing up to 15% of realized operating profits to the asset. Ranking services note that if Tether were a public company it would sit second behind Strategy, and then they file it on a separate page for private companies, holdings listed, valuation column blank, because there is no share, no float, no enterprise value, and therefore no multiple to compute. The most-watched metric in corporate Bitcoin cannot be applied to one of corporate Bitcoin’s largest holders. This piece is about that gap: what Tether actually holds, how the accumulation is funded, why the absence of a market price is more consequential than it sounds, and what a rating agency sees when it looks at the same balance sheet.

The position, itemized Start with the stack and the pattern, because the pattern is more informative than any single figure.

The current disclosed holding is 97,141 BTC. The most recent visible additions trace a consistent rhythm: an 8,888.8 BTC transfer to the treasury wallet on January 1, worth roughly $778 million at the time and described by the chief executive as the Q4 2025 profit allocation, taking holdings above 96,000, followed by a smaller addition in April that brought the total to its present level. The policy behind the rhythm dates to May 2023: up to 15% of realized quarterly operating profits committed to Bitcoin, executed as periodic purchases and consolidated near quarter-end, a mechanical program, not a discretionary trade.

Bitcoin is one leg of a three-legged reserve strategy, and the other two are larger. Gold: roughly 116 metric tons as of the third quarter of 2025, valued above $17 billion by early this year, a position that makes Tether one of the largest private gold holders in existence. US government debt: approximately $135 billion by the chief executive’s own framing, which he described as positioning the company as the seventeenth-largest holder of US debt, with later reporting citing exposure figures around $141 billion. Against those reserves sits roughly $185 billion of USDT in circulation, and around the whole structure, per its Q3 2025 attestation, approximately $184.5 billion in stablecoin reserves against $215 billion in total assets, with roughly $23 billion in retained earnings and about $30 billion in group equity.

The scale comparison worth holding onto: Strategy’s 672,497 BTC is nearly seven times Tether’s stack, built with more than $50 billion of raised capital at an average cost around $75,000 per coin, and it constitutes that company’s entire reason for existing. Tether’s 97,141 BTC is a side position, roughly 3% of its total assets, accumulated from spare profit by a company whose actual business is something else entirely. That difference in kind, not the difference in size, is what makes the valuation problem interesting.

The machine that funds it The accumulation model is the inverse of the sector it is usually grouped with, and the inversion explains why Tether can keep buying when the treasury companies cannot.

The digital asset treasury template, which this publication has covered from Strategy’s flywheel through the newer entrants, runs on capital markets. A company issues equity or convertible debt, buys Bitcoin with the proceeds, and depends on trading above its net asset value so that each issuance is accretive rather than dilutive. When the premium compresses, as it has across the sector this year, the machine stalls: raising becomes value-destroying, purchases stop, and the equity story unwinds. It is a leveraged bet on both Bitcoin and continued market enthusiasm for the wrapper.

Tether buys with cash it already earned. The reserve business generates income by holding predominantly short-term US government debt against tokens the public holds without interest, which produced more than $10 billion in net profit for 2025 and, on the company’s own account, roughly $500 million a month from Treasury holdings alone at one point last year. Fifteen percent of realized profits into Bitcoin is an allocation decision made after the money is in the door. No premium is required, no issuance, no market permission. The purchases continue at $63,000 exactly as they continued at $100,000, because the input is profit, not sentiment, which is why Tether kept accumulating through a drawdown that stopped much of the treasury-company sector cold.

That funding structure also makes Tether the clearest single illustration of stablecoin economics that this publication’s stablechain coverage has traced from the other direction. The float pays for everything: the Bitcoin, the gold, the chain investments, the venture portfolio, and the free-transfer subsidies underwriting the purpose-built USDT networks. A business that earns on other people’s dollar balances converts monetary demand into a balance sheet, and the Bitcoin position is simply the most visible artifact of that conversion.

The metric that cannot be computed Now the gap, which is the piece’s actual subject.

For public treasury companies, mNAV is the governing number. It divides enterprise value, market capitalization plus debt and preferred equity, by the market value of the Bitcoin held. Above 1.0 means the market pays a premium for the wrapper, its strategy, its access to capital, its operating business. Below 1.0 means the market discounts even the coins. Analytics platforms track it across more than a hundred companies with real-time variants for dilution and capital structure, and the ratio has become the sector’s price-to-earnings equivalent, the number that decides whether a treasury company can raise, whether it should buy back, and whether its strategy is working.

Apply that to Tether and every input goes missing. There is no market capitalization, because there is no traded share. There is no enterprise value, because there is no market to compute it. There is no premium or discount, because nobody is bidding for a claim. The company has moved toward the edges of price discovery, a share buyback program was initiated last autumn and reporting has described interest from major investors in a private placement raising up to $20 billion, which would imply a valuation, but a negotiated private round is not a market price. It is one number agreed by a few parties under confidentiality, revealed selectively, and untested by anyone who might disagree.

The consequences are more than academic, and they run in both directions. Nobody can express a view: an investor who believes Tether’s Bitcoin is worth more than the market credits, or that the whole structure is worth less than claimed, has no instrument to trade. Nobody can be corrected: without a price, the company’s own attestations, disclosures, and framings are the primary information, and there is no continuously updated second opinion of the kind a share price provides. And nothing is disciplined: public treasury companies discovered this year that a compressing mNAV forces strategy changes, halted purchases, buybacks, defensive disclosure, because the market votes daily. Tether faces no such vote. The largest private Bitcoin position on earth is, in the most literal sense, unmarked, and the only external referees are the attestation firms and the rating agencies, which is where the story turns uncomfortable.

Tether extends Bitcoin bet with 8,888 $BTC Q4 purchase above $96k

— crypto.news (@cryptodotnews) January 1, 2026 What the rating agency sees S&P Global looked at the same balance sheet in December and reached a conclusion the accumulation narrative rarely mentions: it downgraded USDT to 5, the weakest grade on its five-point stablecoin stability scale, citing persistent gaps in disclosure and a rising share of high-risk assets in the reserves. The high-risk assets named include Bitcoin, gold, corporate bonds, and secured loans.

Sit with the symmetry, because it is the sharpest fact in this piece. Every headline celebrating Tether as a top-tier Bitcoin holder is describing, in the rating agency’s framework, the growth of the reserve component least suitable for backing a dollar-pegged liability. Both readings follow from the same asset. The company’s case, argued publicly by its chief executive against the downgrade, is that excess reserves and group equity absorb the volatility: roughly $7 billion in excess reserves and about $30 billion in group equity stand between a Bitcoin drawdown and the tokens, meaning the volatile assets are funded by capital rather than by the money backing USDT. That is a real argument and, on the disclosed figures, a substantially cushioned position.

The counter is equally real. The cushion is disclosed by the company and verified by attestation rather than by audit, a distinction this industry has debated for a decade; a Bitcoin drawdown of the severity Bitcoin has repeatedly produced would consume a large share of the stated excess in a single quarter; and the correlation problem is the one nobody models publicly, since the conditions that would trigger mass USDT redemption are precisely the conditions in which Bitcoin and gold would be falling and least convenient to sell. A reserve that is diversified in normal times can be concentrated in the only scenario that matters. That is not a prediction of failure. It is the reason a rating agency’s job exists, and the reason the missing market price matters: for a public company, a market would price that tail risk continuously and visibly. Here, one agency’s letter grade and the issuer’s rebuttal are the entire public debate.

What would make it pricable Three developments would convert this position from an unmarked holding into a valued one, and each is at least plausible.

A completed private placement at scale, the reported raise of up to $20 billion with institutional participation, would produce a negotiated valuation for the whole enterprise. It would not be a market price, but it would be the first external number against which the Bitcoin, gold, and Treasury legs could be measured, and it would create shareholders with an interest in eventual liquidity.

Regulatory convergence is the second. The US stablecoin framework and its implementation, covered across this publication’s regulatory reporting, is steadily raising the disclosure floor for issuers serving American users, and Tether’s domestic-market vehicle brings part of the group inside that perimeter. Disclosure requirements are how private balance sheets become legible, and legibility is the precondition for valuation.

And a listing, the possibility every private financial company of this scale eventually faces, would resolve everything at once: a share price, an enterprise value, and finally an mNAV for the second-largest corporate Bitcoin holder in the world. There is no indication one is planned. But the buyback program, the private placement discussions, and the group-equity disclosures are the standard sequence of a company assembling the furniture a valuation event requires.

Until one of those lands, the situation stands as described: 97,141 bitcoin, roughly $6 billion, inside a company earning more than $10 billion a year, sitting on a spreadsheet somewhere with no multiple attached, in a sector that has built an entire analytical apparatus for exactly this question and cannot point it at the biggest private target in the field.

What to watch The quarterly transfer. The 15% allocation makes each quarter’s profit-driven purchase a schedule, and the size of each transfer is a live read on the reserve business’s profitability, one of the few genuinely informative numbers a private issuer emits.

The next attestation. Excess reserves and group equity are the cushion the entire high-risk-asset debate turns on. Watch whether both grow with the Bitcoin position or lag it, since the ratio between them is the honest version of the risk question.

Any rating movement. S&P’s grade is the closest thing to an external referee. An upgrade on improved disclosure, or a further downgrade, moves the only public scorecard that exists.

The raise. Confirmation, size, and valuation of the reported private placement would supply the first external number for the enterprise, and with it the first opportunity to ask what the market thinks all that Bitcoin is worth inside this particular wrapper.

One final calibration, because Tether is not quite alone in this category and the comparison sharpens the point. Ranking services list at least one private entity with a larger claimed Bitcoin position, a technology company whose holdings, unlike Tether’s, cannot be verified on-chain at all, which produces a three-tier structure of corporate Bitcoin knowledge worth naming. Public companies disclose in filings and are priced continuously by markets. Tether discloses in attestations and is verifiable on-chain but priced by nobody. And a third tier claims holdings that are neither audited nor observable, existing purely as assertion. The industry’s data infrastructure, the trackers, the leaderboards, the dashboards with thirty metrics per company, handles the first tier well and quietly degrades across the other two, which means every statement about how much Bitcoin corporations own carries an error bar that grows as you move away from the listed names. That is worth remembering the next time a leaderboard is cited as though all its rows were equivalent evidence. Tether’s row is unusually good by the standards of private disclosure, on-chain verifiable, regularly attested, publicly discussed by its chief executive, and it still lacks the single thing that makes a corporate holding legible to markets: someone, somewhere, willing to state a price and be wrong about it in public.

Disclaimer: This article is for information and educational purposes only and does not constitute financial or investment advice. Holdings, reserve figures, and profit numbers reflect company statements, attestations, and third-party reporting that cannot be independently verified against audited financials, and asset values change continuously. Nothing here is a recommendation to buy, sell, or hold any asset. Always do your own research. Information is accurate as of July 26, 2026.

Frequently Asked Questions How much Bitcoin does Tether hold? 97,141 BTC, worth roughly $6 billion at current prices. The position was built under a policy adopted in May 2023 of allocating up to 15% of realized quarterly operating profits to Bitcoin, with recent additions including 8,888.8 BTC transferred on January 1 as the Q4 2025 allocation and a smaller purchase in April.

Where does that rank among corporate holders? Second, if it counted. Ranking services note Tether would sit behind only Strategy’s 672,497 BTC if it were a public company, but list it separately because it is private. Strategy’s position is nearly seven times larger and constitutes that company’s entire business model, while Tether’s is roughly 3% of total assets.

How is Tether’s accumulation different from a treasury company’s? Funding. Treasury companies raise equity or convertible debt to buy Bitcoin and depend on trading above net asset value for issuance to be accretive, so purchases stall when the premium compresses. Tether buys with retained profits from its reserve business, which reported more than $10 billion in net income for 2025, so its purchases continue regardless of market sentiment toward any wrapper.

What is mNAV and why can it not be applied to Tether? mNAV divides a company’s enterprise value by the market value of its Bitcoin, showing whether investors pay a premium or discount for the wrapper. It requires a traded share price, which Tether does not have. With no market capitalization, no enterprise value, and no float, every input is missing, so the sector’s governing metric simply does not compute for one of its largest holders.

Why does the absence of a market price matter? Because a price is a continuous external opinion. Without one, no investor can express a view on whether Tether is over- or undervalued, no daily second opinion checks the company’s own disclosures, and no market discipline forces strategy changes the way a compressing mNAV has forced them across the public treasury sector this year. Attestations and rating agencies are the only external referees.

What else is in Tether’s reserves? Predominantly US government debt, around $135 billion by the company’s own account, described by its chief executive as making Tether the seventeenth-largest holder of US debt, plus roughly 116 metric tons of gold valued above $17 billion, against approximately $185 billion of USDT in circulation. Bitcoin is the smallest of the three headline legs.

Why did S&P downgrade USDT if the reserves are diversified? S&P cut USDT to 5, the weakest grade on its stablecoin scale, in December, citing persistent disclosure gaps and a rising share of high-risk assets including Bitcoin, gold, corporate bonds, and secured loans. The agency’s framework treats volatile assets backing a dollar-pegged liability as a risk, so the same accumulation celebrated as treasury strength counts against the stability rating. Tether’s response points to roughly $7 billion in excess reserves and about $30 billion in group equity as the buffer.

Could Tether ever be valued publicly? Possibly, through three routes: the reported private placement of up to $20 billion, which would produce a negotiated enterprise valuation; regulatory convergence raising disclosure requirements as US stablecoin rules are implemented; or an eventual listing, which would supply a share price and, finally, an mNAV. None is confirmed, though a share buyback program and private-placement discussions are the customary preliminaries. This is educational analysis, not investment advice.

Solana price holds $75 as SOL/BTC recovery targets $84, $90

According to Binance Research, the Fourth Quarter May be a Pivotal Moment for Bitcoin

Key Highlights Table of Contents

Key HighlightsEquity Markets Advance Before Central Bank Meeting and Tech ResultsHistorical Pattern Suggests Bitcoin May Be Forming Price FloorGet 3 Free Stock Ebooks Bitcoin surged past the $65,000 level with a 1.2% increase over 24 hours following reduced geopolitical risks Ether demonstrated stronger momentum, rallying 3% to approach $1,950, suggesting potential altcoin strength Military operations between the U.S. and Iran remained suspended for consecutive days, boosting investor confidence Crude oil prices tumbled up to 6%, with Brent dropping under $87, potentially reducing inflation concerns Equity index futures advanced significantly, led by Nasdaq-100 contracts gaining 1.4% before major earnings reports Digital asset leader Bitcoin has successfully reclaimed the $65,000 threshold following a second consecutive day of suspended military operations between the United States and Iran, triggering renewed confidence in risk-sensitive assets.

Bitcoin (BTC) Price The temporary military halt has sparked optimism that diplomatic discussions might resume following two weeks of intense conflict. Iranian officials indicated their commitment to maintaining the pause provided American forces reciprocate.

BREAKING: US stock market futures surge after the US and Iran halt strikes:

1. S&P 500: +0.7%
2. Nasdaq 100: +1.2%
3. Dow Jones: +0.6%
4. WTI Crude: -8.0%
5. Brent: -6.0%
6. Gold: +0.7%

The market is beginning to price-in a peace deal again.

— The Kobeissi Letter (@KobeissiLetter) July 26, 2026

Energy markets reacted dramatically to the development. Brent crude experienced a steep decline exceeding 5%, settling beneath $87 per barrel, while WTI contracts similarly dropped approximately 5% to reach $85.

Bitcoin appreciated roughly 1.2% during the 24-hour period, changing hands near $65,169. Ether demonstrated superior performance with gains exceeding 3%, climbing toward $1,950.

Additional top-tier digital currencies experienced positive momentum. Both Solana and XRP registered advances ranging between 1% and 2%.

Vikram Subburaj, chief executive of Indian cryptocurrency platform Giottus, indicated that Ether’s strength points toward potential capital rotation into alternative digital assets. However, he emphasized that Bitcoin’s market dominance remains elevated at 58.6%, suggesting a comprehensive altcoin season hasn’t materialized yet.

Equity Markets Advance Before Central Bank Meeting and Tech Results American equity index futures climbed uniformly. Dow Jones contracts appreciated 0.8%, S&P 500 futures advanced 0.8%, while Nasdaq-100 futures surged 1.4%.

E-Mini S&P 500 Sep 26 (ES=F) The Federal Reserve’s policy meeting scheduled for July 28-29 approaches with unusual uncertainty. Current market pricing indicates just 36.3% odds of a 25-basis-point interest rate increase, representing one of the most uncertain central bank decisions in recent times.

The decline in petroleum prices may relieve some pressure facing Federal Reserve policymakers who’ve maintained focus on inflationary dynamics. Lower energy costs typically translate to reduced overall price pressures throughout the economic system.

Corporate earnings disclosures reach their zenith during the current week. Technology giants Microsoft, Meta, Apple, and Amazon are scheduled to announce quarterly results.

Market participants will scrutinize infrastructure investment announcements, particularly regarding artificial intelligence initiatives. Recent AI expenditure revelations from Alphabet and Tesla created uncertainty within technology sectors during the previous week.

Additional corporations scheduled to report include Coca-Cola, Starbucks, Procter & Gamble, and Arm Holdings. Energy majors ExxonMobil and Chevron will conclude the reporting period.

Historical Pattern Suggests Bitcoin May Be Forming Price Floor Market technicians are examining Bitcoin’s extended timeframe price behavior. Joao Wedson, chief executive of analytics company Alphractal, observed that historical intervals between Bitcoin halving events and subsequent bear market troughs have consistently averaged approximately 900 days.

The present cycle has reached day 827. Following this historical framework, Wedson suggested Bitcoin could be establishing a price foundation, with a potential ultimate trough materializing during the upcoming two-month window.

Foreign exchange markets similarly demonstrated the enhanced sentiment. Both the Australian dollar and euro strengthened versus the U.S. dollar during Monday trading.

Bitcoin (BTC), hafta sonu boyunca 64.000 doların üzerinde tutunmayı başarırken pazartesi günü 65.000 dolar seviyesinin üzerine çıktı. Ancak piyasada asıl dikkat çeken gelişme fiyat hareketinden çok, yatırımcıların uzun vadeli yönü belirlemek için yakından takip ettiği 200 haftalık hareketli ortalamanın (200W MA) yeniden kritik bir alım bölgesi olarak öne çıkması oldu.

Kripto para analisti Doctor Profit’e göre Bitcoin, kısa vadeli sert hareketlerden ziyade orta vadeli bir birikim sürecinden geçiyor. Analist, bu sürecin sonuçlarının önümüzdeki bir ila iki ay içinde daha net görülebileceğini belirtiyor.

Bitcoin’de 200 Haftalık Hareketli Ortalama Neden Bu Kadar Önemli? Doctor Profit, 200 haftalık hareketli ortalamanın bulunduğu bölgenin geçmiş piyasa döngülerinde defalarca güçlü destek görevi gördüğünü söyledi. Analiste göre bu seviyeye yakın yapılan alımlar, uzun vadede yatırımcılara önemli fırsatlar sundu.

Bu nedenle tek bir dip seviyesini tahmin etmeye çalışmak yerine belirli bir fiyat aralığında kademeli alım yapılmasının daha sağlıklı bir strateji olduğunu savunan Doctor Profit, 54.000-64.000 dolar bandını orta ve uzun vadeli yatırımcılar için önemli bir birikim bölgesi olarak değerlendiriyor.

Analist, Bitcoin’in en düşük seviyesinin 54.000 dolar olması halinde bile yaklaşık 58.000 dolar ortalama maliyet oluşturmanın uzun vadede güçlü bir giriş noktası olacağını ifade etti.

Doctor Profit’e göre yatırımcıların en sık yaptığı hata, piyasanın tam dibini yakalamaya çalışmak. Analist, bu yaklaşımın çoğu zaman yatırımcıların daha yüksek fiyatlardan alım yapmasına ya da piyasayı tamamen kaçırmasına neden olduğunu belirtti.

Bitcoin Birikim Sürecine mi Girdi? Doctor Profit, mevcut fiyat hareketlerinin klasik bir orta vadeli birikim dönemine işaret ettiğini düşünüyor.

Analiste göre bu süreç bir ila iki ay sürebilir ve bu dönemde fiyat dalgalanmaları devam edebilir. Ancak asıl önemli olan, kısa vadeli oynaklıktan ziyade yatırımcıların güçlü ortalama maliyet oluşturması.

Bu değerlendirme, Bitcoin’in son haftalarda 64.000 dolar çevresinde dengelenmeye çalışmasıyla da örtüşüyor. Piyasada birçok yatırımcı yeni yükseliş trendi başlamadan önce kurumsal ve uzun vadeli alımların devam edip etmeyeceğini izliyor.

Fed Toplantısı Bitcoin İçin Neden Kritik? Bu hafta gerçekleştirilecek ABD Merkez Bankası (Fed) toplantısı da Bitcoin’in kısa vadeli yönü açısından yakından takip ediliyor.

Doctor Profit, piyasaların şu anda faizlerin sabit bırakılmasına yaklaşık %65 ihtimal verirken, %35 oranında yeni bir faiz artışı olasılığını fiyatladığını aktardı. Eylül ayında faiz artırımı beklentisinin ise %80’in üzerine çıkması yatırımcıların daha temkinli hareket ettiğini gösteriyor.

Fed’in para politikasına ilişkin vereceği mesajlar, riskli varlıklar üzerinde olduğu gibi Bitcoin fiyatı üzerinde de belirleyici olabilir.

Doctor Profit Neden Tam Dibi Beklemiyor? Doctor Profit’e göre yatırımcıların en sık yaptığı hatalardan biri Bitcoin’in tam dip seviyesini yakalamaya çalışmak. Analist, bunun yerine 54.000-64.000 dolar aralığında kademeli alım (DCA) stratejisi uyguladığını ve amacının tek bir fiyattan işlem yapmak yerine güçlü bir ortalama maliyet oluşturmak olduğunu söyledi.

Doctor Profit, aynı yaklaşımı daha önce BTC 115.000-125.000 dolar bandında işlem görürken de kullandığını belirtti. O dönemde kısa pozisyonlarını bu fiyat aralığında kademeli olarak oluşturduğunu hatırlatan analist, bugün de benzer stratejiyi uzun pozisyon tarafında uyguladığını ifade etti.

Analiste göre yatırımcıların tek bir “mükemmel dip” seviyesini beklemesi çoğu zaman fırsatın kaçırılmasına neden oluyor. Bu nedenle önemli olanın piyasanın en düşük noktasını tahmin etmek değil, uzun vadede avantaj sağlayacak bir ortalama maliyetle pozisyon oluşturmak olduğunu vurguladı.

Bitcoin’de 67 Bin Dolar Neden Kritik Seviyeye Dönüştü? Kripto para yatırımcısı Ardi ise Bitcoin’in mevcut toparlanmasının teknik görünüm açısından önemli bir sınav verdiğini söyledi.

Ardi’ye göre son dönemde fiyat hareketleri benzer bir yapı izledi. Bitcoin önce sert şekilde geri çekildi, ardından kayıplarını telafi ederek yeni zirveler oluşturdu.

Analist, 61.400 dolardan 65.000 dolara yükselen Bitcoin’in daha sonra 61.700 dolara gerilediğini, ardından 65.500 dolara çıkarak yeniden 62.400 dolara çekildiğini hatırlattı. Bu geri çekilmelere rağmen fiyatın geçen hafta 67.000 dolara ulaşması yükseliş yapısının korunduğunu gösterdi.

Ancak Ardi, Bitcoin’in yeniden 67.000 dolar seviyesini aşamamasının yükseliş momentumunun zayıfladığına işaret edebileceğini söyledi.

Buna karşılık 67.000 doların üzerinde yeni bir kırılma yaşanması halinde 69.000-70.000 dolar bandına doğru daha güçlü bir yükseliş hareketinin önü açılabilir.

Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.

Son Dakika kripto para haberleri için hemen tıkla.

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BitMart Exchange Shutdown Sends BMX Token Plunging 81% as Withdrawal Issues Mount

PANews July 27 news, according to SoSoValue data, influenced by factors including the suspension of mutual strikes between the U.S. and Iran, the crypto market rebounded across the board after several days of declines. The NFT sector was active, rising 3.00% in 24 hours, with Audiera (BEAT) up 5.06%, Pudgy Penguins (PENGU) and APENFT (NFT) up 2.34% and 1.12% respectively. Meanwhile, Bitcoin (BTC) rose 1.07%, breaking above $65,000; Ethereum (ETH) rose 3.55%, reclaiming the $1,900 level.

In other sectors, the Meme sector rose 2.60% in 24 hours, with BUILDon (B) up 17.43%; the DeFi sector rose 2.28%, with Aave (AAVE) up 9.62%; the Layer 2 sector rose 1.51%, with Stacks (STX) up 6.38%; the Layer 1 sector rose 0.92%, with Zcash (ZEC) up 3.24%; the CeFi sector rose 0.68%, with OKB up 3.63%; the PayFi sector rose 0.66%, with Trust Wallet (TWT) up 3.33%.

The crypto sector indices that reflect historical sector performance show that the ssiDeFi, ssiMeme, and ssiRWA indices rose 3.16%, 2.96%, and 2.90% respectively.

Michael Saylor tarafından yapılan son paylaşım, kripto para piyasasında yeni tartışmaları beraberinde getirdi. Strategy‘nin kurucusu ve yönetim kurulu başkanı olan Saylor, bu kez haftalık Bitcoin paylaşımında alışılmışın dışında bir ifade kullanarak yatırımcıların dikkatini çekti. Mesajın ardından şirketin yeni Bitcoin hamlesine ilişkin farklı senaryolar konuşulmaya başlandı. Ancak şu ana kadar Strategy tarafından konuya ilişkin resmi bir açıklama yapılmadı.

Michael Saylor X Paylaşımı Neden Gündem Oldu? Michael Saylor, Strategy’nin Bitcoin rezervlerini gösteren güncel grafiği paylaşırken bu kez “Başka bir renge ihtiyacımız var” ifadesine yer verdi. Daha önce benzer paylaşımlarında doğrudan Bitcoin alımlarına işaret eden Saylor’ın kullandığı bu farklı söylem, yatırımcıların çeşitli yorumlar yapmasına neden oldu.

Grafikte Bitcoin alımları turuncu renk ile gösterildiği için bazı piyasa katılımcıları, yeni rengin farklı bir işlemi temsil edebileceğini öne sürdü. Bu nedenle şirketin son dönemde Bitcoin satın almak yerine nakit pozisyonunu güçlendirecek bir adım atmış olabileceği yönünde değerlendirmeler yapılıyor. Ancak bu yorumların hiçbiri Strategy tarafından doğrulanmış değil.

Strategy’nin Bitcoin Rezervlerinde Son Durum 26 Temmuz 2026 itibarıyla yayımlanan verilere göre Strategy’nin kasasında toplam 843 bin 775 Bitcoin bulunuyor. Şirketin elindeki BTC’lerin güncel piyasa değeri yaklaşık 54,63 milyar dolar seviyesinde hesaplanırken, bu varlıkların toplam edinim maliyeti ise 63,83 milyar dolar olarak kaydedildi.

Veriler, şirketin Bitcoin başına ortalama 75 bin 653 dolar maliyetle alım yaptığını gösteriyor. Mevcut fiyatlar dikkate alındığında Strategy’nin portföyünde yaklaşık 9,20 milyar dolar gerçekleşmemiş zarar bulunuyor. Bu rakam toplam yatırımın yaklaşık %14,41 değer kaybettiğine işaret ediyor. Buna rağmen şirket, uzun vadeli kripto yatırımı stratejisini sürdürmeye devam ediyor.

Son İşlemler Satış Sinyali Mi Veriyor? Paylaşılan işlem kayıtları, Strategy’nin haziran ayındaki alımların ardından temmuz ayında satış tarafında da işlem gerçekleştirdiğini ortaya koyuyor.

Şirket, 6 Temmuz’da Bitcoin başına ortalama 60 bin 773 dolar fiyatla 2 bin 225 BTC satarak yaklaşık 135,22 milyon dolar gelir elde etti. Bundan kısa süre önce ise 30 Haziran’da, ortalama 59 bin 256 dolar seviyesinden 1.363 Bitcoin satarak yaklaşık 80,77 milyon dolar nakit girişine ulaştı.

Bu işlemler, Strategy’nin yalnızca alım yapan bir şirket olmadığına işaret ederken, şirketin bilanço yönetimi kapsamında zaman zaman satış gerçekleştirebildiğini de gösteriyor. Bu gelişmeler, dijital varlık piyasasını yakından takip eden yatırımcılar tarafından dikkatle izleniyor.

Yatırımcılar Yeni Açıklamayı Bekliyor Michael Saylor’ın geçmişte yaptığı paylaşımlar incelendiğinde, şirketin Bitcoin rezervlerine ilişkin güncellemelerin çoğunlukla resmi açıklamadan bir gün önce geldiği görülüyor. Bu nedenle son paylaşımın ardından gözler yeniden Strategy’nin yapacağı duyuruya çevrildi.

Şirketin yeni Bitcoin alımı mı gerçekleştirdiği, satışlarını mı sürdürdüğü yoksa farklı bir finansman stratejisi mi izlediği ancak resmi açıklamayla netleşecek. Bu süreçte yatırımcıların yalnızca sosyal medya paylaşımlarına değil, doğrulanmış şirket verilerine ve piyasa analizi sonuçlarına odaklanmaları daha sağlıklı olacaktır.

Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.

Son Dakika kripto para haberleri için hemen tıkla.

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Bitcoin

27 July 2026 | 12:26 Bitcoin traded near $65,150 at the time of writing, up approximately 1.3% over 24 hours after the United States and Iran refrained from striking each other for a second consecutive day.

Key Takeaways Markets price a one-in-three July hike chance. $67,370 is the main breakout test. Hormuz shipping remains down roughly two-thirds. BOJ policy adds carry-trade risk. Tech earnings will test broader risk appetite. Stablecoin inflows increase available buying power. According to Reuters, Iran indicated that it would continue withholding retaliatory attacks while the United States did the same. West Texas Intermediate crude fell about 5%, easing some of the inflation pressure created by the conflict.

Crude topped $100 a barrel last week, so a 5% decline still leaves prices where they feed inflation, and the shipping disruption behind the rally has not cleared.

Bitcoin Still Needs to Clear $67,370 Fibonacci retracements mark the depths at which a prior move commonly pauses, while a moving average shows the average price paid over a set number of sessions. Both function partly because enough traders act on them to make the levels self-reinforcing.

Daily Bitcoin technical price chart highlighting key support levels and moving averages / Source: TradingView Bitcoin remained above the 0.236 Fibonacci retracement near $63,700 and the 50-day simple moving average around $63,300. That cluster absorbed the latest pullback and preserved the recovery from the June low.

The immediate hurdle is the July 27 high near $65,680. A move above it could extend the rebound, although the more meaningful resistance sits at the 0.382 Fibonacci retracement around $67,370.

A daily close above that level would open room towards the 100-day SMA near $69,500. That average is still falling, which is what makes it the test of whether Bitcoin is changing its medium-term structure or only bouncing inside it.

The 0.5 Fibonacci retracement near $70,300 and the 200-day SMA around $72,000 form the next resistance area.

RSI stood near 54, reflecting mildly positive momentum without an overbought reading. There is room for price to rise, though momentum alone does not confirm a breakout.

The Oil Risk Premium Has Not Cleared Energy is one of the largest inputs into headline inflation, and headline inflation is what central banks respond to. Crude prices therefore reach Bitcoin through monetary policy before any other channel.

Lloyd’s List Intelligence recorded 53 vessel transits through the Strait of Hormuz in the week to July 20, down 66% from 157 the week before. Tanker and gas carrier crossings, which move most Gulf crude and liquefied natural gas, fell to 30 from 90.

Roughly a fifth of the world’s oil normally passes through that waterway. What traffic continues moves in short windows, whenever operators judge the risk acceptable.

Renewed strikes or an attack on energy infrastructure could send prices back above $100 quickly, lifting yields and reversing the conditions that helped Bitcoin recover $65,000.

The Fed Could Still Hike This Week Bitcoin produces no income, so its appeal moves inversely to what safe assets pay. Rising Treasury yields raise the opportunity cost of holding it, and a firmer dollar means each dollar of incoming demand buys less.

The Federal Open Market Committee meets on July 28 and 29, with its statement and press conference scheduled for Wednesday. Economists broadly expect the benchmark rate to stay at 3.5% to 3.75% for a fifth consecutive meeting.

The tail risk sits on the other side. Nearly half of policymakers indicated at the June meeting that they would support a rate hike later this year, and markets now assign roughly a one-in-three probability to an increase this week. Nine of 18 participants projected at least one hike before year-end, against eight for no change and one for a cut, and the median year-end rate rose to 3.8% from 3.4%.

Chair Kevin Warsh has moved the Fed away from explicit forward guidance and declined to submit his own projections in June, which removes the usual signal ahead of the decision. There is also no dot plot at this meeting.

For Bitcoin, the risk is uneven. A hold is largely priced in and will most likely produce a limited reaction. A hike, or a hold paired with language keeping September live, would lift yields into a market that has not positioned for it. Across the 2022 to 2023 tightening cycle, Bitcoin’s sharpest declines tracked surprise more closely than the hikes themselves. The worst of them followed expectations moving from 50 to 75 basis points in the week before the June 2022 decision, and expectations for this meeting have moved on a similar timescale, with the probability of a hike roughly doubling over eleven days in mid-July.

The BOJ Adds Yen Carry-Trade Risk Near-zero Japanese rates made the yen the cheapest major currency to borrow, funding leveraged positions across global markets for two decades. As the Bank of Japan raises rates, that funding becomes more expensive and those positions get closed.

The Bank of Japan meets on July 30 and 31, two days after the Fed. A hawkish message could strengthen the yen and make yen-funded investments less attractive, prompting investors to sell liquid assets across several markets.

BTC does not need to be purchased directly with borrowed yen to feel the effect. Crypto trades continuously and can become an early source of liquidity when leveraged portfolios are being reduced.

Balanced guidance alongside no change would keep that pressure contained. A surprise increase, or a clear signal that the next hike is approaching, could move the yen sharply and raise crypto volatility. A hawkish Fed followed by a hawkish BOJ would tighten conditions from both directions inside three days.

Tech Earnings Will Test Broader Risk Appetite Bitcoin has traded as a higher-beta version of the Nasdaq through most of this cycle, following the same direction with larger swings. The same institutions hold both, and a technology drawdown that shrinks risk budgets usually reaches crypto positions quickly.

Microsoft reports on July 29, alongside Meta. Amazon and Apple follow on July 30.

Strong cloud growth, advertising demand or guidance on artificial-intelligence returns could support equities and help BTC hold its recovery. Weak forecasts or concern over excessive AI spending could produce the opposite reaction.

The timing may make individual causes difficult to separate. Microsoft and Meta report on the Fed day, while Amazon and Apple release results shortly before the BOJ decision.

Stablecoin Inflows Show Available Capital According to CryptoQuant, stablecoins associated with US investors are flowing back to exchanges.

Stablecoins sitting on a venue can be spent immediately, so rising inflows expand the pool of money positioned to buy without confirming that any buying has happened.

All exchanges netflow and spent output value bands tracking Bitcoin market metrics. CryptoQuant’s official metric guide notes that inflows to spot exchanges may represent potential buying pressure. Deposits sent to derivatives venues can instead support either long or short positions and may increase volatility.

Rising spot volume alongside a daily close through resistance would show that capital being deployed. Balances building while price stalls beneath it would show the same money waiting.

What Could Confirm the Recovery? The rebound will most likely gain credibility if the pause holds, Hormuz traffic recovers enough to bring crude down further, and the Fed avoids signalling a September move. Strong technology earnings and stablecoin-backed spot buying would add support.

On the chart, the first confirmation is a daily close above $67,370, with the 100-day SMA near $69,500 carrying more weight.

The setup weakens if Bitcoin loses the support cluster it defended last week. That would expose the recent trading area around $62,000, followed by the June low near $57,800.

Bitcoin reclaimed $65,000 on a pause in hostilities that could reverse within a day. This week will show whether that is enough to carry price through resistance, or whether a hawkish central bank and a blocked shipping lane return control to sellers.

Disclaimer: This article is for informational and analytical purposes only and does not constitute financial or investment advice. Geopolitical events, central-bank decisions and corporate earnings can cause sudden volatility, while technical levels and on-chain data cannot guarantee future performance. Methodology: Bitcoin levels are based on the supplied BTC/USD Bitstamp chart dated July 27, 2026. Geopolitical and oil-market information comes from Reuters and CNBC, citing Lloyd’s List Intelligence shipping data. Federal Reserve expectations and June projection figures are from CBS News and the Federal Reserve. Meeting dates are sourced from the Federal Reserve and Bank of Japan, earnings dates from official company investor-relations pages, and stablecoin interpretation from CryptoQuant. Author

Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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https://en.wikipedia.org/wiki/United_States_Senate_chamber

The U.S. Senate is set to vote on the Digital Asset Market Clarity Act, a comprehensive crypto market structure bill, in seven days, according to social media reports. The legislation aims to establish a federal framework for digital asset regulation, involving oversight by both the Commodity Futures Trading Commission and SEC. It also addresses issues such as developer protections, tokenization standards, DeFi, and customer-property protections. The bill has already advanced past the Senate Banking Committee, indicating significant progress toward becoming law. Markets appear to interpret this development as potentially positive for the cryptocurrency industry, given its potential to clarify regulatory guidelines.

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Key Takeaways The Senate vote on the Clarity Act appears to be a significant milestone in establishing a federal regulatory framework for digital assets. Market pricing suggests participants may view the upcoming vote as a potential catalyst for Bitcoin price optimism. Current market activity indicates a slight increase in the probability of Bitcoin reaching $200,000 by the end of 2026. What to Watch The outcome of the Senate vote is a key indicator to watch, as its passage could influence market sentiment and regulatory clarity. Market participants will also be keenly observing statements from key U.S. regulators, including the Commodity Futures Trading Commission and SEC, for any immediate reactions or policy shifts following the vote. Additionally, watch for any significant movements in Bitcoin pricing, as market participants may adjust their expectations based on the legislative outcome.

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Term Structure

Contract Odds Δ since publish Volume 24h December 31 2.2% — — View market → December 31 2.4% — — View market → December 31 2.9% — — View market → December 31 3.7% — — View market → December 31 6.5% — — View market → January 1 2027 9.5% — — View market → January 1 2027 23.5% — — View market → January 1 2027 4% — — View market → January 1 2027 2.4% — — View market → January 1 2027 2.5% — — View market → January 1 2027 3.1% — — View market → January 1 2027 3.9% — — View market → January 1 2027 7.5% — — View market → January 1 2027 47.5% — — View market → January 1 2027 11.5% — — View market → January 1 2027 1.7% — — View market → January 1 2027 1.9% — — View market → January 1 2027 31.5% — — View market → January 1 2027 17.5% — — View market → January 1 2027 7.5% — — View market → January 1 2027 3.6% — — View market → January 1 2027 2.6% — — View market → January 1 2027 1.9% — — View market → January 1 2027 1.4% — — View market → January 1 2027 0.9% — — View market → January 1 2027 13.5% — — View market → January 1 2027 25.5% — — View market → January 1 2027 35.5% — — View market → January 1 2027 54% — — View market → January 1 2027 76.5% — — View market →

Solana (SOL), son günlerde hem fiyat performansı hem de ağ üzerindeki büyümesiyle yatırımcıların radarına yeniden girdi. Son 24 saatte yüzde 1,56 değer kazanarak 75,55 dolara yükselen SOL, kritik destek seviyesinin üzerinde kalmayı başarırken, analistler bu seviyenin korunması halinde 100 dolar hedefinin yeniden gündeme gelebileceğini belirtiyor. Öte yandan Solana ağındaki tokenleştirilmiş hisse senedi yatırımcılarının sayısındaki artış da ekosisteme olan ilgiyi destekliyor.

Solana Kritik Destek Bölgesini Koruyor Son verilere göre SOL fiyatı son 24 saatte yüzde 1,56 yükselişle 75,55 dolara ulaştı. Günlük işlem hacmi 873,37 milyon dolar olurken, piyasa değeri ise 44,04 milyar dolar seviyesinde bulunuyor. Analist Crypto Spaces, Solana’nın kritik destek bölgesinde tutunmaya devam ettiğini ve bu seviyenin korunmasının yükseliş senaryosu açısından büyük önem taşıdığını belirtiyor. Analiste göre alıcı ilgisinin devam etmesi halinde 100 dolar seviyesi bir sonraki önemli hedef olarak öne çıkabilir.

İlginizi Çekebilir: Yeni Haftada Dev Token Kilit Açılışları: Gözler Bu Altcoinlerde!

Kripto para piyasasında son dönemde görülen toparlanma eğilimi, Solana gibi büyük altcoinlere de olumlu yansıyor. Bitcoin’in yeniden yukarı yönlü hareket etmesiyle birlikte risk iştahının artması, SOL fiyatını destekleyen unsurlar arasında gösteriliyor. Bununla birlikte analistler, mevcut destek seviyesinin kaybedilmesi halinde kısa vadeli görünümün yeniden zayıflayabileceği konusunda yatırımcıları temkinli olmaya çağırıyor.

Tokenleştirilmiş Hisselere İlgi Artıyor Solana ekosistemindeki büyüme yalnızca fiyat hareketleriyle sınırlı kalmıyor. Tokens on Solana verilerine göre ağ üzerindeki tokenleştirilmiş hisse senedi yatırımcılarının sayısı 281.100’e ulaştı. Bu gelişme, gerçek dünya varlıklarının blokzincire taşınmasına yönelik ilginin arttığını gösterirken, Solana’nın yüksek işlem hızı ve düşük işlem maliyetleri sayesinde bu alanda öne çıkan ağlardan biri olmaya devam ettiğini ortaya koyuyor.

Tokenleştirilmiş hisse senetlerinin Solana ağı üzerinde yaygınlaşması, merkeziyetsiz finans (DeFi) ile geleneksel finans piyasaları arasındaki entegrasyonu da hızlandırıyor. Uzmanlara göre bu büyüme, Solana’nın yalnızca bir akıllı sözleşme platformu değil, aynı zamanda gerçek dünya varlıklarının dijitalleştirilmesinde önemli bir rol üstlenebileceğini gösteriyor. Ağ üzerindeki benimsenmenin artması, uzun vadede Solana ekosisteminin büyümesini destekleyen en önemli faktörlerden biri olarak değerlendiriliyor.

Değerlendirme Solana, kritik destek seviyesinin üzerinde kalmayı sürdürürken hem teknik görünümü hem de ağ üzerindeki büyüme verileriyle olumlu sinyaller vermeye devam ediyor. Özellikle tokenleştirilmiş hisse senetlerine yönelik artan ilgi, Solana ekosisteminin kullanım alanlarını genişletiyor. Teknik açıdan mevcut desteğin korunması halinde 100 dolar seviyesi yeniden güçlü bir hedef olarak öne çıkarken, yatırımcıların hem fiyat hareketlerini hem de ağdaki büyüme verilerini yakından takip etmesi önem taşıyor.

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