Has Bitcoin bottomed for this cycle? Analysts say 'not yet'

Some Bitcoin analysts point to a deeper downside risk, while others believes they can see the early signs of a recovery. Source: Cointelegraph

Some Bitcoin analysts point to a deeper downside risk, while others believes they can see the early signs of a recovery. Source: Cointelegraph

K33 said Bitcoin has historically bottomed within weeks of more than half of its circulating supply being held at a loss, with strong one-year returns following in most previous cycles. Source: Cointelegraph

The European Parliament adopted a digital assets report calling for further assessment of DeFi, staking, crypto lending and NFTs after MiCA’s transition period ended. Source: Cointelegraph

Coinbase said its UK investment services authorization will allow institutional and advanced traders to access derivatives, while retail users will be able to trade equities. Source: Cointelegraph

The move follows a June 23 exploit that has now resulted in closing down the wallet, with users urged to withdraw their assets before all functions are disabled on Aug. 3, 2026. Source: Cointelegraph

The Ethereum co-founder said AI recognized his intellectual habits, ending a two-week public challenge to identify an anonymous contribution he made. Source: Cointelegraph

Bitcoin NUPL metric data suggested that BTC price action should make new cycle lows in order to preserve historical patterns. Source: Cointelegraph

The Digital Chamber filed an amicus brief urging the dismissal of the New York lawsuit seeking ownership of 39,069 dormant Bitcoin wallets, arguing it would set a dangerous precedent for self-custodial wallets. Source: Cointelegraph

Decta’s report said the market cap of eight MiCA-compliant euro stablecoins rose to $673.9 million in the year before Europe’s CASP transition period ended. Source: Cointelegraph

One crypto trader noted the $2 million loss could have been prevented had the victim read the transaction route before signing the transaction. Source: Cointelegraph