Bitcoin: The bull run continues!
13:10 ▪ 5 min read
Get informed ▪ Bitcoin (BTC)
Volatility has returned to Bitcoin. Amid shocks and doubts, the bullish trend remains strong.
In brief
Bitcoin is weakening but not breaking, with a drop of 7% from its record of $124,457.
The U.S. government is sending mixed signals regarding the strategic reserve.
Institutions continue to buy thousands of bitcoins each day.
The Fed could lower rates in September and boost the markets.
Banana correction
Bitcoin is hovering around $115,000, down 7% from its all-time high of $124,457 reached on August 14. We continue to see an increase of more than 90% year-on-year.
Record inflows into ETFs (BlackRock's ETF holds $88 billion in BTC) and massive purchases by companies like Strategy continue to fuel optimism.
The Dutch company Amdax has just announced its intention to buy 1% of the total bitcoin supply, that is, 210,000 BTC!
Strategy is already buying 785 bitcoins per day. That's 186 bitcoins for Twenty One Capital, 128 BTC for Bitcoin Standard Treasury Company, and 73 BTC for MetaPlanet
$BR
