Bitcoin tops $72,500 as SHRMiner draws attention with simplified cloud mining contracts for digital asset holders.

While U.S. stocks cooled amid U.S. threats of an “economic war” against Iran, Bitcoin continued to climb, reaching a multi-month high above $72,500.

After gaining nearly $10,000 in just four days, Bitcoin’s renewed momentum has fueled growing optimism among market participants.

As the crypto market enters a new cycle, Bitcoin (BTC) is once again becoming a major focus for investors worldwide. At the same time, the SHRMiner cloud mining platform is attracting increasing attention from market participants.

SHRMiner allows users to participate in cloud computing power contracts using digital assets such as BTC, ETH, DOGE/LTC, ZEC, and USDT. There is no need to purchase mining hardware or deal with complicated equipment deployment, technical maintenance, or day-to-day operations. Users can participate in digital asset mining while receiving earnings that are automatically settled according to the terms of their contracts.

For crypto holders who want to reduce frequent trading while exploring additional cash-flow opportunities, this offers an alternative way to put digital assets to work beyond simply buying and selling.

Why is SHRMiner attracting more attention?

Unlike traditional mining, which often comes with a high technical barrier to entry, SHRMiner focuses on simplicity and a user-friendly experience, making cloud mining more accessible to everyday users.

The platform currently offers several key features:

• Supports major digital assets including BTC, ETH, LTC, and DOGE
• Automatically allocates cloud computing power after a user selects a contract
• Uses enterprise-grade data centers to operate mining infrastructure
• Some infrastructure is powered by renewable energy
• Contract earnings are automatically settled every 24 hours according to the agreed terms
• Users can monitor their accounts and earnings from either desktop or mobile devices

For crypto investors, this model offers an alternative to simply holding assets and waiting for prices to rise. By using computing power contracts, users can put a portion of their digital assets to work in an effort to generate ongoing returns.

This is also why cloud mining continues to attract attention even when major cryptocurrencies such as BTC experience short-term price volatility. More investors are looking beyond short-term price movements and paying greater attention to asset efficiency, earning cycles, and cash-flow management.

SHRMiner beginner’s guide: Start cloud mining in four steps

SHRMiner has simplified the entire process so that even users with no previous mining experience can get started.

1. Create an account

Visit the official SHRMiner website or use its mobile service and register with an email address.

For a limited time, new users can receive a $15 signup bonus. (Click here to create an account.)

2. Choose a cloud mining contract

The platform offers cloud mining contracts with different funding levels, contract periods, and projected return structures.

Users can choose a plan based on their budget, preferred capital commitment period, and risk tolerance without having to research mining hardware models, hash rate configurations, or data center infrastructure themselves.

3. Use supported digital assets

Users can purchase eligible cloud mining contracts with supported digital assets such as BTC, ETH, XRP, and USDT.

Once the purchase is completed, the platform allocates the corresponding cloud computing resources based on the selected plan, while the data center handles ongoing operation and maintenance.

4. Activate the contract and start earning

Once the contract is activated, earnings begin to accrue according to the terms of the selected contract.

Earnings are generally settled automatically to the user’s account every 24 hours. Users can choose to withdraw their earnings based on their own financial plans or apply them toward additional contracts to explore the potential benefits of compounding.

The entire process eliminates the need to purchase mining equipment, build mining systems, manage electricity consumption, or handle hardware maintenance, significantly reducing the technical barriers traditionally associated with digital asset mining.

Popular cloud mining contracts

Different contracts vary in investment amount, operating period, and projected earnings, allowing users to select a mining contract based on their individual financial preferences.

Once a contract begins, the corresponding earnings are automatically credited to the account according to the contract terms. When the contract expires, the corresponding principal will also be returned according to the applicable contract terms. Actual amounts, contract periods, and earnings depend on the specific contract selected by the user.

For additional mining contracts and complete terms, click here to view product details.

Why are more investors paying attention to cloud mining?

Compared with operating mining equipment independently, the biggest difference with cloud mining is that users do not have to directly manage complex mining infrastructure.

Key advantages include:

• No need to purchase or maintain specialized mining equipment
• No need to directly manage electricity expenses or day-to-day hardware operations
• No need to constantly monitor markets or trade frequently
• Contract earnings are automatically settled every 24 hours, with withdrawals available anytime and no hidden fees
• Users can choose computing power contracts with different amounts and durations based on their individual capital requirements

For crypto enthusiasts who already hold BTC, ETC, DOGE, LTC, ZEC, and other digital assets, the appeal is straightforward: they can maintain their existing digital asset strategy while exploring the possibility of generating additional returns through cloud computing power.

In other words, investors are increasingly shifting their focus from simply asking “Will the asset price go up?” to considering “How can I make my digital assets work more efficiently?”

In short

For those who are looking for ways to increase passive income, cloud mining can provide another option to consider. When used appropriately, these opportunities can help users accumulate crypto assets in a more automated way while requiring relatively little day-to-day involvement.

At the very least, the model can require significantly less time than many forms of active trading. Passive income remains an important goal for many investors and traders, and with SHRMiner, exploring ways to maximize passive-income potential has become more accessible than ever.

Bitcoin pushed to fresh highs on Friday, revisiting the $77,000 area and trading at levels not seen since late May. The rally coincided with renewed confidence around Strategy’s corporate treasury position, which had been under scrutiny after the firm’s earlier BTC sales.

According to TradingView data cited in the report, BTC/USD posted local highs above $77,400 before the week’s final Wall Street session. The move also placed Strategy’s holdings back above its stated cost basis, a threshold that matters to investors watching whether the company’s Bitcoin-backed capital strategy remains sustainable.

Key takeaways

• Bitcoin reached about $77,000, its highest level since May 26, after trading above key resistance and reclaiming important technical levels.
• Strategy’s Bitcoin treasury returned to profit versus its reported cost basis of $75,385 for 840,447 BTC.
• On-chain analytics from Glassnode highlighted a dense realized-price cost-basis cluster forming below $70,000, with roughly 11% of BTC supply in the $58,000–$67,000 band.
• Support is forming around a technical and on-chain overlap near $68,000, after BTC broke above levels including the 200-day simple moving average around $68,967.

Bitcoin revisits $77,000 as Strategy turns the corner

The latest upswing appears to have been driven by a mix of market momentum and a specific corporate timing factor: Strategy’s reported treasury economics improved as BTC rose back above its cost basis.

Data referenced from BitcoinTreasuries indicates that Strategy’s cost basis for its BTC holdings—840,447 BTC—stands at $75,385. With Bitcoin now trading above that figure, the report states Strategy has returned to a year-to-date gain of roughly $450 million. For traders, corporate treasury profitability can influence market narratives around large holders; for Strategy-watching investors, it reduces the immediate pressure tied to “mark-to-market” concerns during drawdowns.

In the same broader context, TradingView monitoring cited in the coverage shows BTC/USD briefly pressing above $77,400 on its way toward Friday’s close. The article notes that BTC did not meaningfully consolidate in the immediate run-up, underscoring how quickly sentiment can shift once price clears prior levels.

Earlier BTC sales and the buyback structure

Strategy’s improving position did not occur in a vacuum. Earlier in August, Cointelegraph previously reported that between Aug. 3 and Aug. 9, Strategy sold a portion of its Bitcoin holdings—1,690 BTC—then used the proceeds to repurchase 1.15 million shares of its STRC preferred stock for $108.6 million. That was described at the time as the company’s fourth Bitcoin sale of 2026.

Those transactions raised questions among some observers about the long-term durability of Strategy’s Bitcoin investment thesis. In response to such concerns, analyst William Clemente argued that the subsequent BTC price strength should reduce the urgency of those fears. On X, Clemente wrote that the “Saylor/Strategy fears” should have been less relevant after Michael Saylor indicated willingness to sell BTC to fund STRC buybacks, and that with the current price impulse Strategy is now “even more over-collateralized” by its BTC holdings.

The corporate backdrop also included comments from Strategy’s current CEO, Phong Le, in an earlier August Fox News interview. Le said Strategy would return to buying Bitcoin before the end of the year—an assertion that, if followed through, would be consistent with the idea that sales have been used tactically rather than signaling an exit.

On-chain “buy wall” forms below $70,000

Beyond Strategy-specific developments, the report points to a broader market support structure visible in on-chain data. During a period when investors have been assessing whether Bitcoin’s upside can hold, Glassnode analysis highlighted a growing “safety net” below $70,000 based on realized cost basis distribution.

As summarized in the article, some 3.44 million BTC now have an on-chain cost basis between $58,000 and $67,000. Of that amount, 2.23 million BTC—approximately 11% of total supply—was added over the past 11 weeks. Glassnode cofounder Rafael Schultze-Kraft described this concentration as the “densest cost-basis cluster below spot,” calling it a key potential support zone should price retrace.

In practical terms, realized cost-basis clusters can matter because they represent coins bought (or last moved/realized) near specific price levels. When price falls back toward those areas, supply behavior often changes: holders may be more inclined to defend those positions or, conversely, may be more likely to sell if they were waiting for confirmation to exit. The article’s framing suggests that, for now, the market is developing a cushion rather than a void.

Technical levels reclaimed: $68,000 and the 200-day SMA

The week’s price action also included important technical confirmation. The report notes that BTC/USD broke through several key resistance levels, including the 200-day simple moving average (SMA) around $68,967—described as a “key target to reclaim” to end the long-term downtrend.

This technical reclaim lines up with the on-chain support narrative. The on-chain cluster discussed by Glassnode sits below $70,000, while the article specifically references a “new band of support” forming around the $68,000 area. It’s the overlap between these two kinds of signals—an SMA that tends to influence longer-horizon positioning, and a realized-price cluster that may anchor dip demand—that can strengthen market conviction during volatility.

Still, the report emphasizes that volatility remains part of the equation, with investors looking for whether the move can translate from a breakout to sustained consolidation above reclaimed levels.

Going forward, traders and long-term holders will likely watch whether Bitcoin can hold above the reclaimed resistance zone near $68,000–$69,000 and whether on-chain support beneath $70,000 continues to grow; Strategy’s treasury also remains a focal point, since continued BTC purchases (as CEO Phong Le indicated) would further shape market sentiment about large-holder intent.

Key takeaways

• Bitcoin, Ethereum, and XRP have gained nearly 20%, over 25%, and almost 30%, respectively, this week.
• Expanded U.S. Treasury debt buybacks have improved liquidity expectations and boosted demand for risk assets.
• Bitcoin trades around $76,800 after breaking above its 50-day, 100-day, and 200-day exponential moving averages.

Bitcoin, Ethereum, and XRP extended their rallies Friday as improving liquidity expectations continued to lift the broader cryptocurrency market.

Bitcoin has gained nearly 20% this week, while Ethereum has risen more than 25% and XRP has advanced almost 30%.

The rally gained momentum after the U.S. Treasury announced plans to double the size of certain debt buyback operations. 

The decision eased liquidity concerns and strengthened demand for risk-sensitive assets.

With the three cryptocurrencies trading firmly higher, investors are now watching whether Bitcoin can reach $80,000, Ethereum can reclaim $2,500, and XRP can advance toward $1.50.

Treasury buyback expansion strengthens crypto rally

The U.S. Treasury’s decision to expand its debt buyback program has helped improve sentiment across financial markets.

Larger buybacks can support liquidity in the market for longer-dated Treasury securities, easing financial pressures and encouraging investors to increase their exposure to riskier assets.

Cryptocurrencies responded strongly to the announcement, with Bitcoin, Ethereum, and XRP recording double-digit weekly gains.

Short liquidations also accelerated the rally as bearish traders were forced to close their positions, adding further buying pressure.

Bitcoin was trading around $76,800 on Friday after decisively breaking above its major exponential moving averages.

The 200-day EMA stands at $71,545, while the 100-day and 50-day EMAs are located at $66,727 and $65,286, respectively.

BTC’s position above all three indicators supports a bullish near-term outlook and suggests the market’s broader technical structure has improved considerably.

The breakout was accompanied by strong trading volume, adding credibility to the latest upward move.

Sustained trading above the 200-day EMA would reinforce the case for further gains and could establish the level as new support.

BTC bulls target the $80,000 resistance

Bitcoin’s next major resistance lies near the psychological and horizontal barrier at $80,000.

A move from $74,700 to $80,000 would represent an additional gain of approximately 7.1%.

However, the $80,000 level could attract profit-taking and fresh selling pressure following Bitcoin’s rapid weekly advance.

A decisive break and daily close above the barrier would strengthen the bullish outlook and potentially open the way to higher levels.

Failure to clear $80,000 could lead to a period of consolidation as traders digest the recent gains.

Bitcoin’s momentum indicators remain bullish but increasingly stretched. The relative strength index is hovering near 83, placing BTC firmly in overbought territory. Such an elevated reading does not guarantee an immediate reversal, but it indicates that the rally may be vulnerable to a corrective pause.

The moving average convergence divergence remains strongly positive, showing that upward momentum is still intact.

Together, the indicators suggest bulls remain in control, although the risk of short-term profit-taking has increased.

If Bitcoin retreats, initial support sits at the 200-day EMA near $71,545. Holding above this indicator would preserve the immediate bullish structure and could provide a foundation for another attempt at $80,000.

A deeper correction could bring the 100-day EMA at $66,727 and the nearby horizontal level at $66,500 into focus.

Below that region, the 50-day EMA at $65,286 offers another layer of support, followed by the structural floor at $62,300.

A sustained decline below $62,300 would weaken the broader bullish outlook, while continued trading above the 200-day EMA would keep the $80,000 target within reach.

Bitcoin (BTC) hit $77,000 on Friday as business intelligence company Strategy’s corporate treasury returned to profit.

Key points:

• Bitcoin reaches its highest level since May 26 as it revisits $77,000.
• Price returns above the cost basis for Strategy’s BTC corporate treasury at $75,385.
• Around 11% of the BTC supply constitutes a new band of support below $68,000.

Strategy out of the red with Bitcoin at highest since May

Data from TradingView showed new local highs above $77,400 prior to the week’s final Wall Street open.

BTC/USD one-day chart. Source: Cointelegraph/TradingView

Now up around 20% in 48 hours, BTC/USD saw little by way of consolidation as it reclaimed a key level for Strategy, the world’s largest corporate Bitcoin treasury company. Data from monitoring resource BitcoinTreasuries puts the cost basis for Strategy’s holdings of 840,447 BTC at $75,385, currently with a year-to-date gain of approximately $450 million.

Strategy Bitcoin treasury cost basis data. Source: BitcoinTreasuries

As Cointelegraph reported, between Aug. 3 and Aug. 9, Strategy opted to sell a small portion of its treasury worth 1,690 BTC to repurchase 1.15 million shares of its STRC preferred stock for $108.6 million. The move represented the company’s fourth Bitcoin sale of 2026.

Concerns over the long-term viability of the company’s Bitcoin investment thesis accompanied the sales, something that the subsequent BTC price run-up should help alleviate, independent crypto analyst William Clemente suggested.

“Not only should Saylor/Strategy fears have been abated for a while once he showed that he was willing to sell BTC to rebuy STRC, but now after this price impulse they are even more over-collateralized by their BTC holdings,” he wrote on X, referring to former CEO Michael Saylor.

In an interview with Fox News earlier in August, current CEO Phong Le stated that Strategy would return to buying Bitcoin before the end of the year.

New BTC buy wall sits below $68,000

Amid misgivings over the durability of Bitcoin’s volatile upside move, analysis from onchain analytics platform Glassnode revealed a new safety net forming below $70,000.

Related: Bitcoin has ‘largely purged’ froth that preceded 50% drop from $126K: BlackRock

Some 3.44 million BTC now have an onchain cost basis, also known as realized price, between $58,000 and $67,000. Of this, 2.23 million BTC — equal to around 11% of the total supply — was added over the past 11 weeks.

“It’s the densest cost-basis cluster below spot — a key potential support zone on any retracement,” Glassnode cofounder Rafael Schultze-Kraft commented on X.

Bitcoin UTXO realized price distribution data. Source: Rafael Schultze-Kraft on X.com

BTC/USD broke through several key resistance levels this week, including its 200-day simple moving average (SMA) at $68,967, a key target to reclaim to end the long-term BTC price downtrend.