Meanwhile, an interesting factor putting pressure on the price of Bitcoin has been Bhutan: the kingdom is selling off part of its significant reserves that it has secretly accumulated through mining using local hydropower resources.
The market continues to debate global trends. Expert Anthony Scaramucci is confident that the current decline is related to the classic four-year cycle and is awaiting a bullish phase in the fourth quarter. However, other analysts note that spot ETFs have already changed the game by smoothing volatility due to an influx of institutional funds.
Against this backdrop, only Strategy among large corporations continues to aggressively buy Bitcoin, having increased its reserves to more than 762,000 coins.
BTC
66,400.83
-0.56%