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.
Bitcoin (BTC) could fall to $45,000 by early October 2026, according to an analysis that compares the current market cycle with previous crypto exchange failures.
Traders spent most of July with a pretty good explanation for why Bitcoin wouldn't move. A dense cluster of options contracts had the price boxed in, they argued, because the dealers who sold those contracts were buying every dip and selling every rally to keep their own books balanced.
The Bitcoin blockchain just recorded its 15th difficulty adjustment of the year, trimming mining difficulty by about 0.74% at block height 959616. Amid the year's wild swings, the balance has clearly tilted toward difficulty cuts, with negative adjustments outnumbering increases by nearly 3 to 2.
Michael Saylor's latest bitcoin chart comes as Strategy holds 843,775 BTC, maintains a $3.225 billion cash reserve, and still has authorization to sell up to $23.53 billion of additional stock to raise capital, sharpening questions over whether the company will resume bitcoin purchases. Saylor Shares Strategy's Crowded Bitcoin Chart Strategy Inc.
The attacks highlight vulnerabilities in global oil supply chains, prompting increased regulatory scrutiny on cryptocurrencies linked to illicit activities. Gulf markets ease after Houthi attacks on Saudi oil sites, Bitcoin dips below $65K.
On Sunday, during the morning trading sessions, bitcoin exchanged hands for $64,466 on July 26, giving back most of a rally that had pushed the cryptocurrency above $66,900 earlier in the week. The past seven days followed a familiar pattern.
Crypto derivatives traders saw a fresh wave of forced liquidations over the past day, with losses concentrated on bearish bets as Bitcoin (BTC) and Ethereum (ETH) held a mild upward bias. The data points to 'short squeeze' dynamics rather than a broad risk-off shock, while pockets of leverage appeared to build in smaller, more thematic tokens.
Dormant Bitcoin activity fell to its lowest level since Q3 2022, suggesting long-term holders have slowed distribution after heavy profit-taking.
The US Senate moved closer to a key vote on the CLARITY Act, and crypto markets rallied as a result. Will the BTC and ETH rally continue for another week?
Coinbase CEO Brian Armstrong says quantum computing does not pose an immediate threat to Bitcoin. However, he also stressed that the cryptocurrency industry must begin preparing now for a future in which sufficiently powerful quantum computers become a reality.
Bitcoin miner selling remains subdued as exchange inflows stay in a long-term decline despite recent price weakness.