Investors are closely watching this week's key macro events. Could this week set the stage for the worst crypto liquidations of this cycle?
According to a report from a leading on-chain analytics platform, a second early bull signal has appeared on Bitcoin.
The company has more than 250,000 customers, but it has not disclosed how many were affected.
Strategy Inc.'s shift to liquidity and equity focus may influence corporate treasury strategies, impacting Bitcoin's market dynamics and adoption. Michael Saylor pauses Bitcoin accumulation as Strategy shifts focus to liquidity and preferred equity.
Bitcoin ETFs recorded net outflows of $389.7 million during the week of August 10–14, reversing the inflow cycle that had characterized the preceding days. Fidelity‘s FBTC fund led the outflows with $153.2 million in withdrawals, followed by Grayscale‘s GBTC with $88.3 million and BlackRock‘s IBIT with $78.9 million. ARK 21Shares‘ ARKB shed another $70.3 million.
Bitcoin broke above $64,000 on Monday as Al Arabiya reported a US-Iran truce extension. The chart says the rally started long before the headline.
Strive Inc. scooped up 79 bitcoin for roughly $5 million, pushing its corporate treasury to 20,246 BTC as of Aug. 14. The Dallas-based public asset manager accumulated the bitcoin (BTC) between Aug. 10 and Aug. 14 at an average cost of roughly $63,231 per coin, including fees and expenses.
Bitcoin price rose nearly 2% to reclaim $64,000 on Aug. 17, but weak daily momentum and unusually compressed volatility leave the next major move uncertain. Bitcoin price returns above $64,000 According to data from crypto.
Glassnode data shows Bitcoin missed a rotation into equities and AI even as consumer confidence collapsed to an all-time low.
Gold has sharply outperformed Bitcoin over the past month as weakening US economic data pushed the dollar to a three-month low and reshaped Federal Reserve rate expectations. Gold gained 9.3% during the period, while Bitcoin slipped 0.8%, highlighting a widening gap between two assets often viewed as alternatives to the US dollar.
Strive, Inc. experienced a 2.96% stock price increase to $12.68 following its announcement of an expanded Bitcoin treasury. The Nasdaq-traded asset management firm acquired 79 Bitcoin in the week concluding August 14.
Bitcoin is trading near $63,517, down 46.1% over the past 12 months, while gold has gained 32.6%. That nearly 79-percentage-point performance gap highlights a growing challenge for Bitcoin: surging bond yields fueled partly by the artificial intelligence investment boom.