In today’s briefing:
- 8-Week Losing Streak. Over.
8-Week Losing Streak. Over.
-
Bitcoin and Ethereum ETFs snapped their longest losing streak on record, pulling in a combined $281.8 million for the week after eight straight weeks (week ending July 12) that drained $8.26 billion.
-
Renewed US-Iran hostilities rattled markets midweek, with Bitcoin sliding to roughly $61,492 on July 8 after Trump declared the ceasefire over, before recovering to $64,400 (intraday high of $64,658.97 on July 10) by Friday on a short squeeze.
-
Strategy sold a record 3,588 BTC for $216 million, its largest disposal ever, to fund preferred stock dividends, a marked shift from years of never selling.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
