Roseline Abendroth Sv26
--
Bitcoin Market Update: August 6, 2025
Bitcoin (BTC) is currently trading around $114,000–$115,000, showing minor daily gains of 0.2%, but it has dropped nearly 3% over the past week. This dip aligns with broader crypto market trends, as other major coins like Ethereum (ETH), XRP, and Solana have also seen declines.
One major influence on Bitcoin’s price has been the outflow of funds from Bitcoin ETFs. Over the past four days, these ETFs have seen a total withdrawal of $196 million, while Ethereum ETFs have attracted $73 million in inflows. This shift may reflect investor reactions to weaker U.S. economic indicators and concerns about stagflation.
Despite the outflows, institutional interest remains strong. MicroStrategy, now rebranded as Strategy, added 21,021 BTC to its holdings, bringing its total to 628,791 BTC, around 3% of Bitcoin's total supply. In total, corporate treasuries have accumulated 630 BTC in the past week, indicating long-term confidence in the asset.
On the outlook front, analysts are divided. Some predict a bullish rally toward $200K–$250K, driven by on-chain data and treasury interest. However, others like Robert Kiyosaki and Henrik Zeberg caution that Bitcoin might face a correction, possibly falling to $90K, citing overbought market signals.
In a major development, a previously unknown 2020 cyberattack on mining firm LuBian was revealed. Hackers exploited weak private key systems to steal 127,426 BTC, worth around $14.5 billion today—making it the largest Bitcoin heist in history.
Meanwhile, Pakistan has made headlines by launching its first government-backed Strategic Bitcoin Reserve and allocating 2,000 MW of energy to crypto mining and AI development, signaling growing state-level interest in digital assets.
Overall, while Bitcoin faces short-term uncertainty, long-term fundamentals and institutional adoption remain strong.
$BTC $ETH $XRP #BitcoinTreasuryWatch
Bitcoin (BTC) is currently trading around $114,000–$115,000, showing minor daily gains of 0.2%, but it has dropped nearly 3% over the past week. This dip aligns with broader crypto market trends, as other major coins like Ethereum (ETH), XRP, and Solana have also seen declines.
One major influence on Bitcoin’s price has been the outflow of funds from Bitcoin ETFs. Over the past four days, these ETFs have seen a total withdrawal of $196 million, while Ethereum ETFs have attracted $73 million in inflows. This shift may reflect investor reactions to weaker U.S. economic indicators and concerns about stagflation.
Despite the outflows, institutional interest remains strong. MicroStrategy, now rebranded as Strategy, added 21,021 BTC to its holdings, bringing its total to 628,791 BTC, around 3% of Bitcoin's total supply. In total, corporate treasuries have accumulated 630 BTC in the past week, indicating long-term confidence in the asset.
On the outlook front, analysts are divided. Some predict a bullish rally toward $200K–$250K, driven by on-chain data and treasury interest. However, others like Robert Kiyosaki and Henrik Zeberg caution that Bitcoin might face a correction, possibly falling to $90K, citing overbought market signals.
In a major development, a previously unknown 2020 cyberattack on mining firm LuBian was revealed. Hackers exploited weak private key systems to steal 127,426 BTC, worth around $14.5 billion today—making it the largest Bitcoin heist in history.
Meanwhile, Pakistan has made headlines by launching its first government-backed Strategic Bitcoin Reserve and allocating 2,000 MW of energy to crypto mining and AI development, signaling growing state-level interest in digital assets.
Overall, while Bitcoin faces short-term uncertainty, long-term fundamentals and institutional adoption remain strong.
$BTC $ETH $XRP #BitcoinTreasuryWatch
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
0
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Explore More From Creator
Latest News
Ethereum Price News: Ether Price Could Surge to $4,400 as Options Market Flashes Rare Bullish Signal
--