The mid-July rally peaked at $255, and BCH has been sliding lower since then.
Hyperscale Data held 1,106.0467 BTC worth about $71.7 million, exceeding its roughly $56.4 million market capitalization by approximately $15 million. The apparent discount is complicated by $216.7 million in total liabilities, a $90.1 million preferred liquidation preference and potentially restricted Bitcoin collateral.
Jamie Coutts rejects claims that Strategy caused Bitcoin's decline, arguing weak demand and tightening global liquidity better explain the market reversal across markets. Long-term holder selling peaked last year, while Coutts now believes an earlier risk-model warning may have marked the top of the entire cycle.
ETF outflows, softer perpetual buying and stagnant on-chain capital leave long-term holders carrying the immediate support test.
D-Wave CEO Alan Baratz warns that advanced quantum machines could eventually challenge Bitcoin's proof-of-work security. The company introduced an experimental quantum proof-of-work concept designed to improve mining efficiency. Experts say current quantum systems are not an immediate threat, while the crypto industry continues researching post-quantum solutions.
Bitcoin volatility returned after the Federal Reserve kept interest rates unchanged at 3.50% to 3.75% following a closely watched FOMC meeting. BTC traded near $63,553.21, with a 24-hour decline of 0.27% as investors evaluated the Fed's next policy moves.
Strive's potential equity raise amid Bitcoin's rise could enhance liquidity but poses risks if Bitcoin's value declines, impacting investor returns. Strive CEO eyes another preferred equity raise if Bitcoin keeps climbing.
On July 29, 2010, Satoshi Nakamoto posted his famous response on the Bitcointalk forum regarding doubts about Bitcoin's scalability. The asset was trading around $0.07 at the time the original message was published by its creator. The network's global market value reached all-time high quotes above $126,000 last year.
Bitcoin remained stable after the Fed held interest rates, but three hawkish dissents kept a September increase under consideration.
The BPI's Capitol Hill engagement highlights the geopolitical stakes in AI infrastructure, potentially reshaping US tech policy and security. Bitcoin Policy Institute takes its AI foreign influence fight to Capitol Hill.
New research outlines a cryptographic approach that could allow Bitcoin and other blockchain wallets to remain compatible with existing addresses in a post-quantum future.
Volatility masks a deeper trend of capital rotation.