CoinVoice has learned that VanEck released an analysis report stating that Bitcoin achieved a key development between mid-July and mid-August: the price rebounded to $124,000, setting a new historical high, and the Chicago Mercantile Exchange (CME) basis reached a year-to-date high. VanEck maintains its year-end target price for Bitcoin at $180,000.

In terms of mining, although the stock price of mining company APLD has risen, most mining companies have underperformed. Notably, the share of global hash power held by U.S. mining companies has reached a new high of 31.5%.

The report also pointed out that due to low volatility, the adjusted net asset value (mNAV) of Digital Asset Treasuries (DATs) has declined, suppressing financing and growth. [Original link]