Strategy has skipped four straight weekly Bitcoin (BTC) purchases, its longest buying pause in two years. The company reports second-quarter earnings Thursday, July 30, after the US market closes.
Bitcoin is up 9% since July started. The Nasdaq-100 is down 6% over the same stretch.
IREN Limited ($IREN) drew fresh attention from both crypto and AI infrastructure investors after announcing a $2.8 billion multi-year agreement to expand its AI cloud platform with major partners including Microsoft ($MSFT) and Nvidia ($NVDA), underscoring the company's accelerating pivot away from pure-play Bitcoin (BTC) mining. The announcement initially triggered a sharp risk-on reaction.
Bitcoin (BTC) continues to recover from its sharp June sell-off, but the cryptocurrency remains trapped within a broader bearish trend despite recent signs of stabilization. Trading near $64,300, Bitcoin has managed to stay above its short-term moving averages, signaling improving market sentiment.
Massive Bitcoin withdrawals, rising scarcity, and weaker miner selling strengthened BTC's supply outlook near key support.
Bitcoin shifted from digital cash to investment asset while stablecoins took over payments. As block rewards diminish, miners are exploring ways as payment facilitators.
Galaxy Digital's Alex Thorn says dormant Bitcoin movement hit its lowest level since Q3 2022, signaling less selling from old holders.
Strategy holds 843,775 BTC at an average cost of $75,476, leaving the position roughly $9.3 billion underwater with bitcoin near $64,600.
Bitcoin price holds above $64K as Donald Trump pauses Iran strikes, ETF outflows rise, and $67K-$68K remains key resistance.
Section 20216 of the latest CLARITY draft states that a self-custodied digital asset cannot become abandoned, unclaimed, or forfeited. It also cannot become subject to adverse possession or finder's title solely because its owner has not moved it or otherwise shown continued interest.
Bitcoin faces short-term pressure below $64,600 as analysts watch a possible final decline before a speculative rally toward $180,000.
This week's stories spanned regulation, adoption, market conviction, and industry shakeouts. Seven Senate Democrats rejected the latest CLARITY Act draft, while Cathie Wood doubled down on SpaceX despite its sharp stock decline.