Bitcoin Price Analysis: BTC Momentum Loses Steam As Flagship Cryptocurrency Dips Below $116,000
Bitcoin (BTC) dropped over the past 24 hours, falling from $118,764 to a low of $114,385 before moving to its current level. The flagship cryptocurrency is currently trading around $115,100, down nearly 3%.
Investor sentiment soured after concerns about the independence of the Federal Reserve following the dissent of two Trump-appointed officials during the FOMC meeting. BTC rounds off a week in the red, having dropped out of its $116,000-$120,000 trading range.
Blockchain Analysts Discover Last Known Block Mined By Satoshi Nakamoto
Blockchain analytics platform Whale Alert has discovered the last known block mined by Satoshi Nakamoto. According to the platform, Nakamoto remained active until block 54,316, helping piece together one of the most detailed timelines of Bitcoin’s legendary creator’s activity. The analytics platform estimated that Nakamoto owned 1,125,150 BTC, based on the number of blocks mined. The platform stated in a post on X,
“According to our research, the two 50 #BTC dormant address transactions earlier today were mined at the end of the period during which #Satoshi was active (until around block 54,316). However, it is very unlikely the blocks were mined by Satoshi.”
The analytics platform also provided a background on early mining activity conducted by Satoshi Nakamoto, also referred to as “Patoshi.” For instance, Patoshi kept the average number of blocks mined per hour at 0.6 per 10 minutes for the entire range of blocks between heights 2,000 and 16,000. According to researchers and analysts, Patoshi likely kept this average to counter the threat posed by 51% attacks. By maintaining a constant 60% of processing power, Nakamoto prevented such attacks while leaving enough blocks for others to mine. As more honest miners entered the mining pool, the likelihood of a 51% attack reduced, allowing Satoshi to reduce mining activity.
Satoshi Nakamoto’s last known communication to Bitcoin developers was on April 23, 2011, when he disclosed he was handing Bitcoin over to the community and moving on to other things.
IMF Recommends Including Bitcoin (BTC) In GDP Calculations
The International Monetary Fund (IMF), a financial institution under the United Nations, published an article recommending an updated “System of National Accounts” (SNA) that measures and incorporates the value of emerging technologies, including Bitcoin, in the calculation of a country’s GDP. The SNA provides the accounting framework to help countries evaluate their economies, with the latest upgrade integrating new technologies, including artificial intelligence, digital services, and cryptocurrencies, including Bitcoin. The article states,
“Statisticians have found a way to classify certain crypto assets as ‘non-produced nonfinancial assets,’ which are reflected in national wealth. Bitcoin uses as much electricity as Argentina…Yet because it doesn’t involve the creation of goods or services in the traditional sense, it isn’t counted in gross domestic product.”
Strategy CEO Calls Stock “Most Misunderstood” Stock
Strategy CEO Phong Le believes the market still misunderstands and undervalues its Bitcoin play. The comments came after the company posted a $10 billion profit in Q2 2025 and plans to raise $4.2 billion to buy more Bitcoin (BTC). Strategy’s operating income grew 7,100% year-on-year to $14 billion, according to its earnings statement. This is the second time the Saylor-led company has applied fair value accounting, which includes the unrealized gains from its Bitcoin holdings. Strategy also announced plans to raise another $4.2 billion worth of shares through one of its preferred stock offerings to buy more BTC. The acquisition is part of its long-term goal to purchase $84 billion worth of the flagship cryptocurrency.
Le added that Strategy’s estimated operating income for the 2025 financial year sits at $34 billion. He also added that Strategy boasts the 96th-largest market cap and the ninth-largest income among companies listed on the S&P 500.
“We’re capitalized on the most innovative technology and asset in the history of mankind; on the other hand, we’re possibly the most misunderstood and undervalued stock in the US and potentially the world.”
Strategy has accumulated 628,791 BTC worth over $73 billion at current prices. The company stated that its BTC yield increased 25% during the second quarter, and its BTC gain is more than $13 billion, having already reached its end-of-year targets. As a result, Strategy announced it was raising its full-year “BTC Yield” and “BTC Gain” to 30% and $20 billion, respectively.
“Any company that can double their targets throughout the course of the year, you would consider that a success.”
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) ended a hugely successful June in the red as the flagship cryptocurrency lost momentum over the past week, as market sentiment soured. Bearish sentiment intensified following the FOMC meeting on Wednesday, with Fed Chair Jerome Powell announcing that interest rates would remain unchanged. However, Trump-appointed governors dissented, raising questions about the Federal Reserve’s independence and further hampering sentiment. With sell pressure rising, BTC could not stay above $118,000 and dropped towards the lower end of its trading range, settling at $115,800. It lost the $115,000 level during the ongoing session, falling to a low of $114,116 before recovering and moving to current levels.
Despite the decline over the past week, BTC closed its best month ever at around $115,500. Market sentiment turned bearish following the FOMC meeting. Risk assets fell further on Thursday after President Donald Trump formalized new tariffs against key trading partners. Trump also hiked tariffs on Canada from 25% to 35%. According to The Kobeissi Letter, the trade war has lost credibility thanks to Trump’s constant flip-flops.
“The market says the trade war has lost all credibility: President Trump just seemingly randomly decided to raise tariffs on Canada from 25% to 35%. On top of this, he imposed "reciprocal tariffs" on Vietnam, Switzerland, South Africa, Taiwan, Cambodia, Thailand, Malaysia, Indonesia, Turkey, and Venezuela. Meanwhile, S&P 500 futures are down a mere 10 points, almost entirely due to Amazon's weak earnings results. In April, this headline would have sent the S&P 500 3% lower. The trade war has lost its shock effect on markets.”
Meanwhile, analysts believe BTC’s uptrend remains intact despite a substantial drop over the past week. According to one analyst, the drop to $115,000 could be a bullish re-test of an inverse “head-and-shoulders” neckline before BTC continues its uptrend.
“It’s just a matter of time before Bitcoin price goes vertical.”
Crypto analyst and entrepreneur Michael van de Poppe was equally bullish, stating that the markets were correcting.
“The markets have started correcting, which means that it’s time to accumulate your next positions for the next run. Perhaps August is a month of stabilization, and we'll go back up later in the month for Altcoins and Bitcoin.”
BTC started the previous week in positive territory, reaching an intraday high of $119,603 on Monday. However, it could not stay at this level and settled at $117,402, ultimately registering a marginal increase. Bullish sentiment intensified on Tuesday as BTC rallied, rising over 2% to cross $119,000 and settle at $119,982. Despite the positive sentiment, the price lost momentum on Wednesday, dropping 0.99% to a low of $117,321 before reclaiming $118,000 and settling at $118,798. Sellers retained control on Thursday as BTC registered a marginal decline and settled at $118,381. Selling pressure intensified on Friday as BTC plunged to an intraday low of $114,779. However, it rebounded from this level to reclaim $117,000 and settle at $117,565, ultimately dropping 0.69%.
Source: TradingView
BTC recovered over the weekend, rising 0.24% on Saturday and 1.31% on Sunday to reclaim $119,000 and settle at $119,398. The price was back in the red on Monday, dropping 1.11% to $118,069. Sellers retained control on Tuesday as BTC registered a marginal decline. The price fell to an intraday low of $115,772 on Wednesday. However, it rebounded from this level to reclaim $117,000 and settle at $117,788, ultimately registering a marginal decline. Selling pressure intensified on Thursday as BTC fell nearly 2% to $115,800. The current session sees the flagship cryptocurrency down over 1%, trading around $114,495.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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