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Crypto

Bitcoin could signal bottom if August closes above $63,000

Bitcoin could confirm a bearish-market bottom if it ends August with a monthly close above $63,000, according to an analysis cited by Cointelegraph. 10x Research said holding that level could signal a technical reversal and said some of its cycle indicators could turn bullish. It expects the Federal Reserve to keep rates unchanged but warned higher U.S. 10-year yields could raise the chance of a September hike. It also flagged selling pressure from miners.

Crypto

Grayscale says bitcoin may have bottomed earlier than four-year cycle

Grayscale has raised the possibility that bitcoin may have hit its bottom earlier than the timing implied by the traditional four-year cycle. Grayscale Research head Zach Pandl said bitcoin is becoming a mature asset and is increasingly influenced by macroeconomic variables, including the Federal Reserve\'s rate decisions. He said bitcoin may already have bottomed if the Fed does not raise rates and economic growth holds. Regulatory uncertainty remains a risk.

Crypto

$124 trillion baby boomer wealth shift could reshape crypto market

An analysis says the transfer of about $124 trillion in U.S. household wealth over the next two decades could significantly alter long-term demand in the cryptocurrency market. It argues that the shift of assets to younger generations may be a structural growth driver for bitcoin and other digital assets, outweighing short-term factors such as ETF approvals or interest rate cuts. Surveys show millennials and Generation Z have higher crypto ownership and allocation rates than older cohorts.