Bitcoin News: Dave Portnoy, founder of Barstool Sports, disclosed on Fox Business that he is sitting on millions in losses after buying Bitcoin near $100,000, and announced he will hold the position all the way to zero rather than sell again.
The declaration, made on Stuart Varney’s Varney & Co., crystallizes a behavioral pattern that has cost Portnoy heavily across multiple market cycles: buying near local highs, selling before rallies, and re-entering at higher prices.
DAVE PORTNOY: "I'M HOLDING BITCOIN TO ZERO" Barstool Sports founder Dave Portnoy says he is holding his Bitcoin no matter what. “I’ll hold this thing down to zero,” Portnoy told Fox Business. “I know if I sell it, it’s going to go nuclear again. I’d rather go down with the… pic.twitter.com/arGvhitqHT
BTC price peaked above $126,000 in October 2025 before halving to its current level around $62,870, according to CoinDesk data. Portnoy’s latest entry near the $100,000 level puts his unrealized loss at roughly 37% from cost basis, with the peak-to-trough drawdown from his buy point exceeding $60,000 per coin.
Portnoy did not soften the assessment when speaking to Fox Business host Stuart Varney. “Yeah, I got regrets. I bought the thing for $100,000. There’s nothing I’ve been wrong about more than Bitcoin. Every time I sell it, it goes nuclear. Every time I buy it, it tanks,” he said.
The self-diagnosis is unusually blunt for a public figure with a position still on the books.
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“I’m holding. I’ll hold this thing down to zero. I know if I sell it, it’s going to go nuclear again. I’d rather go down with the ship this time.”
Photo: Dave Portnoy
The logic is behavioral rather than analytical: Portnoy is not making a valuation case for Bitcoin; he is reacting to a personal track record of selling before every major rally. His commitment to hold to zero is, in effect, a forced discipline imposed by demonstrated inability to time exits correctly.
Portnoy’s history with Bitcoin reads as a case study in retail FOMO compounding. He first entered in late 2020 with approximately $2 million at around $11,000, then sold almost immediately, a position that would have returned roughly 6x had he held through BTC’s early 2021 run to $60,000.
He subsequently rebuilt exposure at higher prices, with his peak Bitcoin position reportedly reaching around $15 million before market declines cut that substantially.
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The latest cycle repeated the same dynamic at a higher dollar magnitude. Portnoy has publicly stated he exhausted most of his available cash, averaging down through the drawdown, and his BTC losses now run into the millions on an unrealized basis. His exact BTC holdings remain undisclosed.
Bitcoin (BTC)
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The pattern, buy high, capitulate, re-enter higher, is precisely what distinguishes retail investors who underperform a simple buy-and-hold strategy across cycles.
Market timing failure at Portnoy’s scale illustrates the structural disadvantage most active traders face. Research consistently shows that retail investors who attempt to time entries and exits in volatile assets like Bitcoin generate returns well below passive holders over equivalent periods. The risks that accompany prominent Bitcoin holders who buy in size and then face sustained drawdowns are not unique to Portnoy, but his public commentary makes the behavioral traps unusually visible.
Jim Cramer used a recent Mad Money segment on CNBC to restate his personal rules for investing. He argues that discipline, not luck, separates investors who survive market swings from those the market wipes out.
The segment landed as Wall Street works through the busiest stretch of the second-quarter earnings season. Big banks and mega-cap technology firms have already reported. Nvidia is still to come in late August.
Where Earnings Season Stands
The Q2 2026 season is running hot. Data shows a blended S&P 500 earnings growth rate of 47.4% year over year. That marks the second straight quarter of growth above 20%, and the fastest pace since Q2 2021.
With 61% of S&P 500 companies reporting so far, 86% have topped profit estimates. That beat rate sits well above the five-year average of 78%, according to FactSet.
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Big Wall Street banks opened the season in mid-July. A wave of mega-cap technology reports followed in the back half of the month. Samsung’s record AI-chip quarter showed how strong artificial intelligence (AI) demand flowed into corporate results this quarter.
About 136 more S&P 500 companies are due to report in the coming week. Not every result has landed well, though. Roblox shares fell sharply after new child safety measures weighed on its outlook, despite a revenue beat. That drop shows strong headline growth has not shielded every company from a rough market reaction.
Nvidia is due to report in late August. Investors see it as the season’s biggest remaining test, given lingering questions over whether heavy AI capital spending is turning into revenue.
Cramer’s 10 Rules, Distilled
Against that backdrop, Cramer laid out the rules he says have kept him out of trouble over a long career.
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He started with quality over price. Cramer argues that investors should buy “best of breed” companies even when their stocks look expensive. He said chasing cheap, lower-quality names rarely pays off.
He pointed to Apple and Nvidia as stocks where paying a premium multiple worked out over time. That view echoes a separate Mad Money segment where Cramer compared parts of the AI rally to the dot-com bust, warning that not every high-flying AI stock deserves the same benefit of the doubt.
From there, Cramer turned to patience. He said giving up on a high-quality stock during a rough patch is a mistake investors repeat constantly. He cited his own 2016 call on Apple as proof, when the stock traded near a low price-to-earnings ratio and later rallied hard.
His third rule looks past equities entirely. Cramer said investors ignore the bond market at their own risk, since bonds compete directly with stocks for capital. That rule carries extra weight now. The 30-year Treasury yield sits near its highest level since 2007, as traders question the Federal Reserve’s rate path.
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The remaining rules cover portfolio discipline. Cramer said unexplained CEO or CFO resignations are almost always a sell signal. He also urged investors to expect corrections instead of treating each one as a shock. He tracks a proprietary overbought and oversold indicator to help decide when to raise or deploy cash.
Cramer also warned against buying a stock on hope alone. He said too many investors hold a falling stock and wait for it to climb back to their purchase price, instead of judging the business on its own merits.
He added that every investor should be able to explain a stock pick to another person before buying it. If an investor cannot describe how a company makes money, Cramer said, that signals unfinished homework. He pointed to speculative biotech and meme stocks as examples of positions people often hold without understanding the underlying business.
Cramer paired that rule with a broader skepticism toward hype. He said the internet has amplified Wall Street’s promotional machine. He also said money managers who pitch stocks on television are usually talking their own book rather than offering neutral advice.
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His final two rules cover portfolio housekeeping. Cramer said investors should never sell winning positions to fund losing ones, since that habit lets weak stocks drag a portfolio down while investors trim strong ones too soon.
He also said investors should avoid speculating on a takeover just because a struggling company’s stock looks cheap. Acquirers target strong businesses, he argued, not weak ones.
What Comes Next
Cramer’s framework treats this earnings season as a live test of his own rules. Strong results from best-of-breed names would support his core argument. Any stumble from Nvidia in late August would test his patience-over-hope philosophy in real time.
For now, double-digit earnings growth and a jittery bond market give investors plenty of chances to apply both halves of Cramer’s playbook at once.
Tom Glynn-Carney as Aegon in House of the Dragon Season 3. —Theo Whiteman—HBO
Warning: This post contains spoilers for Episode 7 ofHouse of the DragonSeason 3.
To say that Aegon II (Tom Glynn-Carney) has been down bad this season of House of Dragon would be putting it lightly. In the wake of being nearly torched to death by his brother Aemond (Ewan Mitchell) and Aemond’s dragon Vhagar at the Battle of Rook’s Rest in Season 2, Aegon has spent Season 3 dejectedly traipsing around the Crownlands at the behest of his advisor/frenemy Larys Strong (Matthew Needham).
Permanently disfigured, dragonless, and in near-constant pain, Aegon’s best hope of survival this season has been to lay low and keep his true identity a secret from anyone he and Larysencounter. Unfortunately, the spoiled former king is incapable of suppressing his royal impulses enough to make that an easy feat. To top it all off, despite Aegon’s refusal to accept that his dragon Sunfyre has really died after reuniting with her lifeless body earlier in Season 3, he has no choice but to once again leave her side after discovering local peasants have turned her maimed body into a paid tourist attraction.
Meanwhile, Larys’ plan to smuggle Aegon across the Narrow Sea and stash him away in Braavos is thwarted at every turn. So when Tyland Lanister (Jefferson Hall)—who has apparently survived getting thrown into the Gullet in heavy armor back in Episode 1—finds Aegon and Larys hiding out at Rook’s Rest, he suggests a different idea: retreat to Casterly Rock, form a new Small Council, and restart the war effort from the seat of House Lannister. But after testing Tyland’s ability to advise him honestly (no matter how brutal the truth may be), Aegon ultimately rejects his proposal in favor of Larys’ original scheme.
(L-R): Matthew Needham as Larys, Tom Glynn-Carney as Aegon, and Jefferson Hall as Tyland in Episode 7 of House of the Dragon Season 3. —Theo Whiteman—HBO
In Episode 7, it seems like Larys might finally get his way—that is, until the road to the port at Maidenpool gets cut off by an advancing army of soldiers loyal to Rhaenyra (Emma D’Arcy). With the walls closing in around him, Aegon decides to stop running and surrender to near-certain death. “I’ll make my stand here. And be buried as a king. With my dragon,” he says. “I will not have the histories say that I was slain in ignominy by my own brother.”
This declaration marks the final straw for Larys, who quickly opts to take his leave. Tyland, on the other hand, chooses to stay by Aegon’s side to try and protect his king. But it’s clear the pair stands little to no chance of surviving the advancing army. Luckily, Sunfyre finally gains enough strength to make her grand reentrance. Just as it appears that all hope is lost, Sunfyre rises from her dormant healing state to rain fire on the enemy soldiers as an ecstatic Aegon screams in triumph.
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Tom Glynn-Carney as Aegon and Jefferson Hall as Tyland in Episode 7 of House of the Dragon Season 3. —Theo Whiteman—HBO
Those who have read George R. R. Martin’s Fire & Blood likely weren’t surprised to learn Sunfyre was in fact alive, as she still has a significant role to play in the endgame of the Targaryen Civil War. And with just one episode to go before House of the Dragon moves into its fourth and final season, things are starting to get down to the wire.
***We’re going to talk about what happens with Sunfyre in the book below, but if you want to avoid any potential future spoilers, now is the time to stop reading***
If House of the Dragon sticks to the script from Fire & Blood, Sunfyre will eventually be the dragon who kills Rhaenyra once the tables turn for the current queen. In one of the most horrifying moments from Martin’s text, after Aegon retakes the Iron Throne, he has Rhaenyra brought before him and orders Sunfyre to burn and eat his half-sister alive while her youngest son, Aegon III, is forced to watch.
No one involved in the Dance of the Dragons gets a particularly happy ending, but Rhaenyra’s is certainly one of the worst and most devastating of the bunch. To sum it up, those hoping for an Aegon redemption arc may want to temper their expectations.
PayPal has reported $486.4 billion in total payment volume for the second quarter on July 28, up 10% year over year. It also confirmed a reorganization that hands crypto its own division inside the company.
The unit, Payment Services & Crypto, sits alongside Checkout Solutions & PayPal and Consumer Financial Services & Venmo. In the same presentation, PayPal listed stablecoins as one of three areas it is expanding into under an “innovating with discipline” heading, next to agentic commerce and identity and biometrics.
Crypto Holdings Cost $81 Million
Further, revenue came in at $8.68 billion, up 5%. Non-GAAP earnings were $1.38 per share against analyst estimates near $1.28. Transaction margin dollars rose 1% to $3.9 billion, and adjusted free cash flow reached $1.83 billion. PayPal raised full-year transaction margin guidance to about $15.6 billion and lifted the low end of its EPS range to roughly $5.38.
Net losses on strategic investments and crypto assets held for investment came to $81 million in the quarter, added back in the reconciliation to non-GAAP net income. The same line ran $74 million in the first quarter. PayPal’s full-year 2025 GAAP earnings carried a positive impact of about $0.14 per share from that portfolio.
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PYUSD supply sat near $2.8 billion in mid-July, down from more than $4 billion in March. The token went live natively on Polygon on July 9 through issuer Paxos, and PayPal has said the stablecoin reaches 70 markets.
YouTube began paying US-based creators in PYUSD in December. CryptoPotato has also reported on CoinGecko research showing PYUSD and Societe Generale’s EURCV taking little share while USDT and USDC hold 93.5% of fiat-backed stablecoin supply.
CEO Restructures After Rejecting Stripe
CEO Enrique Lores, who took the role on March 1 after Alex Chriss departed, is targeting at least $1.5 billion in gross run-rate savings over the next two to three years, with about $400 million reached by year-end.
The plan runs to 2029 across three drivers: a simplified structure, operational and portfolio optimization, and accelerated AI adoption, which PayPal expects to deliver around 40% of the savings.
Cold storage fears after Coldcard users lose $90M in Bitcoin
After $90 million in Bitcoin was drained from Coldcard wallet users, small hodlers desperately sought refuge on centralized exchanges and via alternative custody methods.
The figure was just 300 BTC below the 39,900 BTC transferred on Nov. 16, 2022, days after FTX filed for bankruptcy.
Galaxy Research, the research arm of crypto investment company Galaxy Digital, reported Saturday that the third wave of attacks on users of the hardware wallet on the weekend brought estimated losses to 1,367 BTC ($88.6 million) across 4,585 addresses.
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Alex Thorn, Galaxy Digital’s head of firmwide research, warned in an X post on Sunday that the attack was still ongoing and urged users to move funds from Coldcard-generated addresses immediately if they had not already done so. The exploit reportedly targets a flaw in the Coldcard seed generation process, that did not employ a genuinely random number generator.
The original proposal Trump signed off on would have prevented elected officials from endorsing or profiting from crypto projects and would have been enforced by the Department of Justice. The Democrats don’t trust the DoJ and want the State Attorney Generals to enforce it. The compromise proposal would allow the State AGs to sue the DoJ if it does not properly enforce the rules, rather than allow them to sue elected officials *cough, Trump* directly.
With just five days left on the clock, the chances of any kind of Senate vote on the legislation are receding, much less the three separate votes required to pass the bill. Trump’s $1.4 billion in crypto profits are a particular sticking point, with Senate Minority Leader Chuck Schumer introducing a bill (with little hope of passing) called the Anti-Corruption Bureau Creation Act that targets “executive branch corruption.”
Ethics isn’t the only outstanding issue, with the banks still up in arms over paying any kind of yield on stablecoins, and law enforcement groups divided over the impact of the Blockchain Regulatory Certainty Act. Designed to protect blockchain developers, some argue it would thwart investigations into money laundering and fraud.
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Changes to the BRCA proposed by the National Association of Assistant US Attorneys and the National District Attorneys Association look dead in the water. White House crypto advisor Patrick Witt scoffed at the proposals and the claim they resulted from “productive negotiations.”
”This is not even close,” he said.
Crypto ‘no earnings’ reports
Nobody is making much money in crypto right now it seems, at least according to this week’s corporate earnings reports for the second quarter.
Coinbase generated roughly $1.2 billion in net revenue, down 19% from a year earlier. It reported a net loss of $359 million, significantly wider than analysts’ expectations for a $122 million loss. Transaction revenue, subscription and services revenue, and adjusted EBITDA all fell short of consensus estimates.
Strategy’s habit of smash-buying every Bitcoin top, helped it to record an $8.22 billion loss in the second quarter, driven almost entirely by its unrealized losses on its Bitcoin holdings. However, the company also said it has now built a $3.75 billion U.S. dollar reserve, which is enough to cover more than two years of preferred dividend payments and interest obligations.
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Online brokerage Robinhood is making loads of money, but not much of it is attributable to crypto. The firm posted record second-quarter revenue and earnings, even as cryptocurrency transaction revenue fell 38% from a year earlier, from $160 million to $100 million.
Crypto enters biggest consolidation phase in history
Valente noted that perpetual futures exchange Hyperliquid and memecoin launchpad Pump.fun account for roughly 67% of total crypto application revenue between them. Including synthetic dollar protocol Ethena raises the top three’s combined share to nearly 80%.
Valente added that he expects the trend to accelerate in the coming months, leading to more mergers and acquisitions, Chapter 11 bankruptcies, project shutdowns and acqui-hires. Somewhat surprisingly, he concluded that “this is extremely bullish for the space.”
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World Cup generated $20B in blockchain prediction market volume
The $20 billion figure includes trading before and during the tournament, with bettors placing roughly $5.7 billion in wagers over the five-week World Cup itself. World Cup-related markets accounted for about 63% of all prediction market activity during that period, the report said.
Winners and Losers
At the end of the week, Bitcoin (BTC) is down 3% to trade at $63,350, Ether (ETH) is down 3.5% to trade at $1,879 and XRP (XRP) is down 2.3% and is changing hands for $1.08. The total market cap is at $2.18 trillion, according to CoinMarketCap.
Among the biggest 100 cryptocurrencies, the top three altcoin winners of the week are Cardano (ADA) at 14.7%, Uniswap (UNI) at 8%, and Pi (PI) at 3.2%.
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The top three altcoin losers of the week are Stable (STABLE) at -16%, Venice Token (VVV) at -14.6% and Lido DAO (LDO) at -14.1%.
Prediction of the Week
Bitcoin may have bottomed before its traditional cycle low
Head of research, Zach Pandl, argued that Bitcoin (BTC) has “grown up” as an asset and is increasingly driven by macroeconomic factors.
“If the Fed forgoes rate hikes and economic growth holds up well, Bitcoin’s price may already have bottomed,” Pandl wrote in a report.
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However, people have been peddling this hopium for months now. Earlier in July, crypto brokerage K33 pointed to more than 50% of the Bitcoin supply being held at a loss as another signal of an imminent market bottom. In June, Swan Bitcoin CEO Cory Klippsten told Cointelegraph that the holdings of long-term investors, which reached an all-time high of 14.7 million Bitcoin, were another signal of an imminent Bitcoin bottom.
Sooner or later, someone will be right.
Top FUD of the Week
The Russians… and the Australians… are after Telegram’s Pavel Durov
Russia’s Federal Security Service (FSB) said on Wednesday that it had charged Durov with facilitating terrorist activity and issued an international warrant for his arrest, local news agency Interfax reported.
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The FSB alleged that Telegram failed to remove channels, chats and bots that Ukrainian intelligence services, alleged terrorist groups and extremist organizations used to coordinate attacks, recruit operatives and conduct cyber fraud.
A defiant Durov said on Thursday the Russians had become “confused about who can ban whom from the Internet.”
Trump teleprompter operator accused over Kalshi bets leaves government
A White House teleprompter operator accused of using inside knowledge to profit from prediction market bets on President Donald Trump’s speeches no longer works for the federal government, according to the Associated Press.
Crypto’s fundamentals have never been stronger, yet degens keep chasing hot new narratives. Behavioral finance may explain why get-rich-quick stories continue to beat substance.
DeFi projects that survived the fallout from the Terra and FTX collapses in 2022 are dying out in 2026. But analysts say it’s not a case of industry consolidation — but the opposite.
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Cointelegraph publishes long-form journalism, analysis and narrative reporting produced by Cointelegraph’s in-house editorial team with subject-matter expertise. All articles are edited and reviewed by Cointelegraph editors in line with our editorial standards. Some articles contain affiliate links, from which Cointelegraph may earn a commission. These relationships do not influence which products we review or our editorial conclusions. Content published in here does not constitute financial, legal or investment advice. Readers should conduct their own research and consult qualified professionals where appropriate. Cointelegraph maintains full editorial independence.
XRP-backed exchange-traded funds (ETFs) pulled in $27.29 million in July, marking a fourth straight month of net inflows.
The token itself trades near $1.08, down roughly 40% since the start of the year, in line with a generally poorly preforming crypto market. But many expect intuitional money and these products to be bolstering XRP, and others.
Instituional Money
Cumulative XRP ETF inflows now sit near $1.5 billion, the largest total among altcoin products. The price keeps sliding anyway.
XRP funds have ranked first or second in monthly inflows since April, without barely any outflows. Inflows ran $81.59 million in April, $131.94 million in May, $59.46 million in June, and $27.29 million in July, showing the pace has cooled even as the streak holds.
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XRP ETF inflows have had an impressive run of inflows even with the price falling. Image Source: Coin Glass
That steady buying stands out against a market where fresh capital keeps concentrating in a handful of tokens. Several smaller altcoin funds recorded no net flows in July. XRP kept adding, even at a slower pace.
Why the Price Isn’t Following the Flows
Steady ETF demand alone hasn’t lifted XRP’s price. Some of the pressure traces to a specific seller. Grayscale chief executive Peter Mintzberg filed to sell XRP ETF shares he acquired before the fund’s listing. He priced the sale at $20.45 a share, about half what earlier Grayscale insiders got in January.
Momentum indicators tell a similar story. XRP recently hit its most oversold readings on record. Traders remain split on whether the sell-off has finished.
Competition for capital plays a role too. Solana funds have pulled in about $1.15 billion since launch, edging back into second place in July. Hyperliquid funds added roughly $293 million in May and June before posting a first monthly outflow in July.
Bitcoin (BTC) and Ethereum (ETH) funds still dominate the category. They pulled in $172 million and $365 million in July, respectively.
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Steady ETF buying shows institutional appetite for XRP has not faded. Whether that demand eventually lifts the price may depend on the broader altcoin market finding its footing first.
Cardano (ADA) price jumped nearly 10% in 24 hours to around $0.189, as the network turned its attention to the Dijkstra era following the van Rossem upgrade.
The rally suggests investors are pricing in the scalability roadmap rather than the upgrade already delivered.
Cardano (ADA) Price Performance. Source: BeInCrypto
What the Dijkstra Era Will Bring to Cardano
The Dijkstra era refers to Cardano’s next major development phase. Intersect, the organization supporting the network’s open development and governance, confirmed planning has begun.
The timing follows a completed milestone. The van Rossem hard fork, enacted on July 18, upgraded the protocol to Version 11, improving Plutus performance, ledger consistency, and node security.
Dijkstra will arrive in phases rather than as a single event. Key features include Nested Transactions, Linear Leios and Peras, all part of the broader Ouroboros Leios research programme.
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The goal is throughput without compromise. Those upgrades aim to increase transaction capacity and support more complex applications while preserving decentralization and security.
Intersect Weekly update #122 is out 🗞️ Inside: 🔹 Dijkstra era planning 🔹 New minPoolCost and Plutus memory action 🔹 Audited CC election results 🔹 CAP Portal alpha launch 🔹 Eryx ZK Bridge completion 🔹 Rare Evo, Tweag and more Catch up, keep up 👇https://t.co/wE07l7YCIypic.twitter.com/WrfNYCn9qO
A concrete deadline exists. The Haskell node team aims to deliver Nested Transactions and Linear Leios to the mainnet by the end of 2026. Governance work runs alongside the roadmap. Intersect defines a process that lets stakeholders shape the scope of hard forks beyond the initial Dijkstra release.
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Even the name remains open, with discussions leaning toward Alexander Esgen and Fabian von Bergen as alternatives.
Can the Roadmap Sustain ADA’s Rally
Cardano researcher Dr. Cuadrado framed the distinction clearly. Van Rossem improved core performance and security, while Dijkstra addresses significantly higher transaction volumes and more sophisticated on-chain applications.
He emphasized the network’s deliberate, research-driven approach, contrasting it with projects that prioritize marketing over architectural rigor.
Cardano just completed the van Rossem upgrade and officially moved into development for the Dijkstra era. Most people will ignore this because it is not a meme, a celebrity token, or a 100x promise. But this is how serious infrastructure is built. van Rossem improved: •…
Other items appeared in Intersect’s latest weekly update. A new minPoolCost and Plutus memory parameter action is open for voting, alongside audited Constitutional Committee election results. Infrastructure progress continued, too. The CAP Portal reached alpha launch, and the Eryx ZK Bridge was completed.
The market response looks constructive but deserves context. ADA still trades roughly 95% below its record high of $3.09, set in September 2021, and a 10% daily move remains modest against the token’s historical volatility.
$ADA Down 95% From ATH: Is Cardano Entering The Next Macro Accumulation Phase?#ADA Has Completed One Of The Deepest Corrections In Its History, Falling Nearly -96% From The 2021 Peak And -89% From The Dec 2024 Swing High. After Losing Its Multi-Year Ascending Trendline, Price… pic.twitter.com/58IOx9S63n
The end-of-2026 target leaves ample room for slippage. Nested Transactions and Linear Leios both depend on research that continues evolving.
Sustained price gains will likely require measurable adoption. Developer activity, new applications, and rising total value locked matter more than announcements alone.
For now, the rally reflects renewed confidence in Cardano’s technical direction. Whether that confidence translates into lasting demand depends on what actually ships over the coming months.
Brent crude tumbled 9% intraday on Sunday evening. It slid from a previous close of $91.03 to a low of $82.83 after US President Donald Trump said talks with Iran to reopen the Strait of Hormuz begin Monday afternoon.
The price later clawed back some ground to trade near $84.06, still down 7.66% on the day.
Another Walk-Back, or Real Peace?
Trump told reporters aboard Air Force One that negotiations start the following afternoon. He made the comment a day after he called off what he described as a massive planned attack on Iran.
Trump said Saudi Arabia, the United Arab Emirates, Qatar, and Iran itself all asked him to hold off. He said the request signals every side expects a Hormuz deal, with a separate nuclear agreement to follow.
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The price of Brent Crude drop significantly on the news. Image Source: Trading View
Saudi state media confirmed part of that account. It reported that Crown Prince Mohammed bin Salman pushed Trump toward deescalation in a weekend phone call. Iran tells a different story.
State media gave no sign Tehran had shifted its stance on the strait. The semi-official Fars news agency went further and denied Iran ever asked Trump to pause the strikes, mocking his account directly.
“Trump the fool has run out of steam!” — Fars news agency, via CNN
Uncertainty Continues to Plague the Markets
The exchange fits a pattern. Trump credits regional pressure, not his own advisers, each time he delays a strike. He still maintains on social media that US forces stand ready to resume action at any moment.
Any nuclear deal would build on the memorandum of understanding both sides signed in June. That agreement gave both sides 60 days to negotiate, and the window is now closing.
The uncertainty already hits consumers and markets on both sides. Americans pay more at the pump as shipping and output disruptions persist. Months of conflict have strained Iran’s own economy.
Grok AI predicts a major re-rating for Bitcoin, and this price prediction is unusual in its timeframe, targeting the end of 2027 rather than 2026. From today’s roughly $64,000 levels, well below the 2025 all-time high near $126,000, the bull case runs to $200,000 to $250,000 or higher.
The setup rests on sustained ETF inflows and institutional accumulation continuing to build. US spot ETFs already hold approximately 1.2 million BTC, roughly 6% of total supply, with corporate treasuries, pensions, and wealth platforms all expanding their allocations at the same time.
Regulatory clarity is named as a second major pillar. US market structure legislation, combined with global regulatory frameworks, is expected to reduce the risk premium investors have historically attached to holding Bitcoin.
Source: Grok AI Bitcoin Price Prediction
Macro tailwinds round out the case with monetary easing, broader liquidity expansion, and rising demand for hedges against non-dollar and fiat debasement. Grok also points to the fixed 21 million coin supply, with the next halving approaching in 2028, tightening issuance even further, while ETFs and treasuries are already absorbing multiple times the amount of newly mined supply entering the market.
Growing adoption of sovereign and corporate treasuries is framed as the final piece. Grok argues these catalysts align with historical cycle dynamics and established scarcity models, positioning Bitcoin to reclaim and exceed its prior highs as the premier digital store of value.
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The bear case here is treated as mild but genuinely possible. If ETF outflows persist for a prolonged period, regulation gets delayed, or monetary policy stays tighter than expected, Grok sees Bitcoin remaining range-bound in the $60,000 to $100,000 zone straight through 2027.
Bitcoin (BTC)
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Bitcoin Price Prediction: BTC Has Spent Six Months Rebuilding From The Same Low Twice, Can Grok AI Predicts Work out?
Price closed at $63,931, down 1.21%, during a session that ranged between $63,547 and $65,340. That quiet red day sits almost exactly on top of a level this chart has visited and defended more than once this year.
Zoom out, and the shape since October 2025 has been a long, uneven decline. Bitcoin peaked near $128,000 that month, then broke down hard through January, gapping from above $92,000 to under $76,000 in a matter of weeks.
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Since that crash, price built a rounded recovery through spring, peaking near $99,000 in April, then rolled over into a sharp flush down to $60,000 in June. A second recovery attempt through May pushed toward $82,000 before failing and dragging the price back down to retest that same $60,000 floor in June and July.
That is two separate visits to the same support level within a matter of months, which makes $60,000 one of the more tested lines on this entire chart. Support sits right there at $60,000, with limited recent history below it, before the price moves into territory not seen this year.
Resistance stacks at $66,000, then $70,000, then the heavier April ceiling near $99,000 that has already rejected two full rally attempts. Momentum here is mildly negative after today’s session, consistent with a market still consolidating rather than committing to a clear direction.
For Grok’s bull case to gain real traction over its multi-year timeframe, Bitcoin eventually needs to clear $99,000, a level this exact chart has failed at twice already. Until that happens, the current price action looks much closer to the bear-case range this prediction lays out than to the start of a run toward six figures.
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Being Right and Getting Paid Aren’t the Same Thing. Claim up to $25 From Kalshi
You read the analysis. You form a view. The market proves you correct, and buying spot means you were exposed to a dozen things you had no opinion on.
Kalshi is a CFTC-regulated exchange for event contracts: one question, one outcome, one settlement. Trade the Fed, inflation, crypto price levels, and the events that actually move the market.
Contracts can resolve against you and go to zero, so size accordingly.
Japan could formally confirm joint currency action with Washington on Monday, and one official told Reuters the operation is still ongoing, turning the announcement into a live market event.
Bitcoin trades near $63,000, exposed to a bond market problem most crypto traders have not priced.
🚨 JAPAN IS RUNNING OUT OF OPTIONS. The U.S. sold euros to buy yen in the first joint intervention in 15 years. Japan already deployed nearly $59 billion. Japan must choose: save the yen or risk a global recession. pic.twitter.com/64URQrjjI9
The 2011 comparison matters more than it appears. That year the Group of Seven (G7) sold yen to stop it rising, meaning this is the first coordinated effort in 15 years pushing the currency the opposite direction.
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Finance Minister Satsuki Katayama will make the announcement, two officials told Reuters. Her top currency diplomat, Atsushi Mimura, signaled the ministry now works in close coordination with monetary policy.
That phrasing carries weight. It suggests Tokyo will pair intervention with the rate hikes the Bank of Japan hinted at last week, rather than relying on purchases alone.
A quieter development may matter more. Japan’s finance ministry made a rare English-language post on X noting it holds a broad range of tools, including access to the Federal Reserve repurchase facility.
The mechanism deserves attention. Introduced in 2020, the facility lets Japan raise dollar liquidity without selling US Treasuries outright.
Japan, Bretton Woods 2.0, and the End of the Carry Era Bessent’s move toward the New York Fed matters because it signals that Treasury understands the long end is being driven by flows, not by the inflation scare Wall Street keeps recycling. Japan is now central to that story.… https://t.co/yMhjHaMTRt
Critics flagged exactly that constraint. Funding intervention by liquidating Japan’s enormous Treasury holdings risks triggering a selloff in American debt and spiking yields.
Washington’s motivation becomes clearer through that lens. Analysts see the cooperation driven partly by concern over rising Treasury yields, which would worsen if Tokyo failed to stabilize both the yen and Japanese government bonds.
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Former Bank of Japan official Nobuyasu Atago framed the logic directly. Both countries risk inflation running hot and leaving their central banks behind the curve, so they see merits in cooperating.
🚨 WARNING: TOMORROW WILL BE THE WORST DAY OF 2026!! This is your FINAL warning. The US just officially began a COORDINATED intervention to prevent a market collapse. Last time this happened, stocks crashed 20% in a day. If you hold any assets right now, you MUST read this:… pic.twitter.com/0g9d5IVHN3
Tokyo is managing domestic pressure too. Economy Minister Minoru Kiuchi said Sunday the government will improve market communication, stressing the importance of maintaining trust in Japan’s fiscal sustainability.
Bitcoin traders should care about that bond angle specifically. Rising global yields compete directly with non-yielding assets, and Japanese government bond stress has repeatedly spilled into crypto this year.
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“How will global risk assets respond if the world’s largest carry trade begins to unwind? The answers won’t come overnight. But one thing is clear. A story that started in the currency market could end up influencing everything from stocks to Bitcoin…,” Wise Advice said on X.
Positioning amplifies the risk. Non-commercial yen short contracts reached 163,412 by late July, leaving substantial leverage exposed to any sudden reversal. The immediate question is credibility rather than firepower.
Markets will test whether Monday’s confirmation carries a rate commitment or only a purchase pledge.
A hawkish pairing changes the calculus considerably. Rate differentials close permanently when policy shifts, whereas interventions fade once the buying stops.
That distinction shapes both scenarios for Bitcoin. Aggressive yen appreciation forces leveraged unwinding across risk assets, while gradual strengthening alongside a softer dollar could expand liquidity instead.
This is genuinely unbelievable. Over the weekend, $BTC dumped from $65,400 to below $62,300 liquidating $648M. $2.2B total Crypto liquidations this week alone!!! Now, $60,000 – $62,000 has sizable liquidity below that could be swept. However, $63,500 – $66,000 above has… pic.twitter.com/1FHEZz3YSt
Timing determines everything here. Asian markets open first on Monday, and any gap in USD/JPY will reach crypto before American traders react.
“If the US sells dollars to buy yen, the dollar weakens and USD/JPY falls. Normally, this supports Bitcoin, gold and tech stocks. But there is a major catch: A rapid yen rally could unwind one of the world’s largest carry trades. Investors who borrowed cheap yen to buy stocks, crypto and other higher-yielding assets may be forced to sell…,” Coin Bureau noted.
The rate gap remains the structural anchor. Japan holds policy at 1% against a considerably higher US ceiling, and no intervention closes that on its own.
Watch the Japanese bond market alongside the currency. If yields stay contained after the announcement, the coordinated defense is working, and Bitcoin’s macro headwind eases with it.
DAVE PORTNOY: "I'M HOLDING BITCOIN TO ZERO"
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