Bitcoin is 31% undervalued versus its energy-based "fair" price, analysis calculates, as hash rate beats records.
Goldman Sachs Vice Chairman Robert Kaplan believes that the US labor market is even worse than the job data shows. Kaplan, the former president of the Federal Reserve Bank of Dallas, tells CNBC in a new interview that the low unemployment figures are not telling the full labor story because the overall labor pool is shrinking due to President Trump’s immigration efforts. “I’ve been saying for some time that hiring is down to stall speed. That’s been true for the last few months. The reason the unemployment rate is so low is not that businesses are firing; they’re not, but they’re not hiring either, and we’re losing labor supply because of the immigration policies. You’ve got to look at more than just headline unemployment to understand the labor market. The labor market is weaker than headline unemployment suggests, and the reason, again, is businesses are not hiring. Hiring is very sluggish, and it just doesn’t look as bad as it might, because supply is also declining.” He also believes that the Fed may announce a rate cut at its next meeting in September. “If I were in my former seat, I would be tilting very seriously to thinking about cutting in September. There are cross currents, and here’s why I say tilting. We’re running above 2% inflation. Whether we like it or not, the tariffs are going to raise costs… It’s been some time since we’ve been in a situation that we were at risk of not meeting our employment mandate, and we’re having above-trend inflation… And so this weakening, if it persists, it means I’m going to have to take more risk, and my guess is that will mean taking a serious look at cutting 25 basis points in September. But I would caution that doesn’t mean we’re starting a rate-cutting cycle after September. If we cut, you wipe the slate clean and take a fresh look at November.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Goldman Sachs’ Vice Chair Says Labor Market Even Weaker Than Figures Suggest, Predicts When the Fed Could Announce a Rate Cut appeared first on The Daily Hodl .
Renewed optimism in Bitcoin was sparked on Thursday as the $BTC price rose just over 2%, equating to a dollar gain of around $2,500. This move may not be over on Friday as the price has started to rise again after a short reversal. However, with buying fatigue starting to set in for bulls, and the price approaching the top of the bull flag and the $118,000 resistance, is a rejection the most likely outcome? Bullish news for Bitcoin, but is the market running out of steam? Incredibly bullish news for Bitcoin continues to drop. On Thursday, President Trump signed an executive order giving US citizens access to the purchase of $BTC for their 401(k) savings plans. To add to the pro-crypto news, Trump also signed an order preventing banks from denying services to crypto companies. All this good news for the crypto industry had the effect of providing an upward impulse to the price on Thursday, and with $BTC approaching the top of its bull flag, there may be enough buying momentum with which to get there. However, if one takes a measurement from the $112,000 swing low for this upside move, it is now at just over 5% and the bulls are starting to run out of steam. It may just be that there could be several days of sideways and downwards price action to come, which would allow momentum indicators to reset, and provide the possibility of a more reliable breakout. Price reversal at the top of the bull flag? Source: TradingView The 4-hour chart shows the latest price action. It can be seen that the breakout of the W pattern did eventually happen. This took the $BTC price beyond $117,000, and a long candle wick down confirmed the breakout, as well as providing evidence of the huge intent of the bulls to buoy the price up. As things stand, the price is currently taking hold above $116,800 which might now be a tenuous support. It could be that there is enough momentum in the tank to take the price back up to the $117,450 resistance, and even to the top of the bull flag, which coincides with the $118,000 resistance level. Be that as it may, all shorter term Stochastic RSI indicators are now at or near the top, suggesting that this upward impulse may be about to come to an end. The top of the bull flag would be an ideal place for a reversal to occur. RSI trend break on daily time frame Source: TradingView The daily chart reveals a critical signal in the Relative Strength Index . Looking at the bottom of the chart it can be seen that there are two descending trendlines. The first one was for the previous bull flag, and the second for this current bull flag. When the first trendline was broken it led to the huge 25% upswing in price action. Going forward to the current bull flag it can be observed that the indicator line on the RSI has just broken through the descending trendline, and could be confirming the breakout right now. There is still the rest of the day to come, and so there is the possibility that if the price does turn back down, a fakeout could be the end result. That said, if the indicator line remains above the trendline at the end of today this would be very bullish. Can 5 years of bearish divergence be cancelled out? Source: TradingView Zooming all the way out into the monthly chart the RSI indicator can be seen right beneath the descending trendline that goes all the way back to Q1 of 2021. Getting above this trendline is a make or break situation. If the bulls can push the price up and the downtrend can be broken, there could be a massive upward impulse. However, even if this scenario comes to fruition, the RSI indicator will need to continue up and eventually get above 91.5 in order to cancel out around 5 years of bearish divergence. This is the tallest of tall tasks, and it is likely to need an event such as sovereign countries like the US committing to buying large amounts of Bitcoin. This is certainly a possibility, but will it happen in time to save this Bitcoin bull run? 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.
Kiyosaki predicts a new Great Depression-like economic crisis. Bitcoin, gold, silver, and oil are suggested as safe investment options. Continue Reading: Robert Kiyosaki Predicts an Imminent Economic Crisis: Preserve Wealth with Bitcoin The post Robert Kiyosaki Predicts an Imminent Economic Crisis: Preserve Wealth with Bitcoin appeared first on COINTURK NEWS .
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On Thursday, the decades-old wall separating US retirement accounts from direct crypto exposure came down — and the potential capital inflow is staggering. President Donald Trump signed an executive order that will open 401(k) retirement plans to a broader range of alternative assets, including private equity, real estate, and — for the first time — crypto assets such as Bitcoin, Ethereum, and Solana. Is A Trillion-Dollar Crypto Flood About To Hit? The news marks a sharp reversal from the US Department of Labor’s (DOL) aggressive stance just three years ago, when the agency issued an unprecedented warning urging retirement plan providers to “exercise extreme caution” before offering crypto in 401(k) plans. As Ryan Rasmussen, Head of Research at Bitwise Asset Management, noted, “It was the first — and only — time the DOL singled out an asset class like this. Not even junk bonds or ESG funds.” In 2022, the DOL went further, stating that adding crypto to a 401(k) could be interpreted as a failure to meet the required fiduciary standard of professional care. The message was unambiguous: providers who failed to meet that standard could be held personally liable for any losses. This effectively froze the market before it began. “401(k) providers had to decide if adding crypto to plans was worth the risk of DOL scrutiny. Most didn’t,” Rasmussen explained. The chilling effect was immediate — sponsors backed off, firms paused crypto-linked retirement products, and investors “missed out on life-changing returns.” Related Reading: USDC Emerges As Top Pick In Booming Crypto Payroll Trend—Survey By mid-2025, however, the tide had turned. Mounting legal pressure, pushback from 401(k) providers, and Congressional criticism of regulatory overreach led the DOL to rescind its “extreme caution” guidance in full. More strikingly, the agency admitted that its 2022 approach was a deviation from its historically neutral treatment of investment strategies. As Rasmussen put it, “Once again, the US government admitted it had singled out crypto.” Now, the executive order will not merely remove the roadblocks but actively open the gates. According to Bloomberg data cited by Rasmussen, the US 401(k) market is valued at approximately $12.5 trillion. Even a 1% allocation to crypto would translate to $125 billion in inflows; a 10% allocation could reach $1.25 trillion. Rasmussen believes the earliest beneficiaries will be assets with existing exchange-traded fund (ETF) structures, naming Bitcoin, Ethereum, and Solana, while adding that “a rising tide lifts all boats.” More Implications For industry observers, the implications extend beyond a one-time capital injection. Tom Dunleavy, Head of Venture at Varys Capital, stressed that the mechanics of 401(k) investing create a powerful and persistent demand driver. “In the US, roughly 100 million Americans have a retirement investment vehicle known as a 401(k),” Dunleavy explained. Related Reading: Crypto Is Here To Stay—Even The SEC Can’t Do Anything About It, Analyst Says “Every 2 weeks, a portion of their paychecks are routed directly into purchasing a mixture of stocks and bonds… This is a HUGE driver of the equity market run and resilience over the past 20 years. A constant background bid for assets.” With around $50 billion entering these funds biweekly, even a modest portfolio allocation to crypto — 1%, 3%, or 5% — could create recurring inflows of $120 billion to $600 billion annually. “And these aren’t one-time flows. THEY KEEP BUYING ONCE ALLOCATIONS ARE SET,” Dunleavy emphasized. Jan Happel and Yann Allemann, the founders of Glassnode and Swissblock, are already calling the move a watershed for mainstream adoption. They remarked via X, “People don’t realize yet how big today’s news has been for crypto… this will be seen as the watershed moment for mainstream adoption, much more than the ETF.” Scott Melker, known as “The Wolf of All Streets,” highlighted the transformational nature of the change: “Until now, the average American couldn’t touch Bitcoin or Altcoins in a 401(k). Soon, they might be able to DCA and trade like a degen tax-free for decades. This isn’t just policy — it’s a paradigm shift.” As Dunleavy summed it up, with 401(k)s and direct asset trusts in place, the policy “put[s] a ridiculous floor under crypto going forward and move[s] the limit from the moon to Jupiter.” At press time, the total crypto market cap stood at $3.82 trillion. Featured image created with DALL.E, chart from TradingView.com
The company also became the first US-based public miner to reach 50 exahashes per second using only American infrastructure, and grew its Bitcoin holdings to 12,703 BTC without raising new equity. Despite outperforming expectations, CleanSpark’s stock dipped over 2.5% after the announcement. CleanSpark Outpaces Expectations CleanSpark delivered its strongest quarterly performance to date, and reported record revenue and profitability that surpassed Wall Street expectations. For the third fiscal quarter, spanning April to June, the Bitcoin mining company posted $198.6 million in revenue. This is up 91% from $104 million during the same period last year, and exceeded analyst projections of $195 million. CleanSpart earnings report The company also reported an impressive turnaround in profitability by posting a net income of $257.4 million compared to a $236.2 million loss in the year before. Its diluted earnings per share came in at 78 cents, well above the expected 20 cents. CEO Zach Bradford described it as “the most successful quarter in CleanSpark’s history,” and attributed the results to the firm’s strategic execution. CFO Gary Vecchiarelli added that the company fully funded its operations through Bitcoin production alone while also expanding its BTC holdings. Additionally, CleanSpark achieved a major operational milestone by becoming the first publicly traded US-based Bitcoin mining company to reach a hashrate of 50 exahashes per second using only American infrastructure. This accounts for about 5.8% of the global Bitcoin hashrate. As of 2025, the firm holds 12,703 BTC, which is valued at approximately $1.48 billion, placing it ninth among public companies with the largest Bitcoin treasuries. The company was able to achieve this without issuing new equity to raise capital. Top Bitcoin treasury companies ( BitcoinTreasuries.NET ) Despite the strong financial performance, investor response was quite muted. CleanSpark shares closed down over 2.5% on Thursday at $10.72, with only a modest uptick in after-hours trading. However, the stock is still up 16.4% year-to-date, outperforming MARA Holdings, which has seen a 7% decline over the same period. CleanSpark share price over the past 24 hours (Source: Google Finance ) The strong quarter for CleanSpark happened at a time of bullish momentum in the Bitcoin mining sector, driven in large part by a 32% rise in Bitcoin’s price over the quarter. Other miners also reported solid earnings: MARA Holdings saw a 64% year-over-year revenue increase to $238 million, while Riot Platforms posted a record net income of $219.5 million.
Analyst Axel Adler Jr. from blockchain data analysis platform CryptoQuant announced that the sharp downward pressure in the cryptocurrency market, which has been ongoing since the end of July, has ended and the market has switched to a neutral-to-bullish trend. CryptoQuant Analyst: Signal of Market Transition from Neutral to Bullish Adler stated that the SMA-120 (120-day simple moving average) line, which is used to determine short-term market direction, turned upwards after a long downward trend and touched the zero axis. Adler reminded that a similar attempt was made last week but failed, pointing out that the technical outlook was stronger this time. According to the analyst, the market has now moved from a period of aggressive bearish pressure to a balanced and slightly bullish position. Whether this trend will persist will become clearer in the next two days. Adler emphasized that a trend reversal would be technically confirmed if the SMA-120 line remains above the zero axis throughout this period. Such a scenario is considered a strong sign for investors that the market has entered a recovery process. *This is not investment advice. Continue Reading: According to Analysts at Blockchain Data Analysis Platform CryptoQuant, the Crypto Market's Bearish Pressure Has Ended! Here Are the Details
Ethereum co-founder Vitalik Buterin has issued a stark warning about the growing trend of companies holding ETH in their treasuries, cautioning that the strategy could evolve into an “ overleveraged game ” that triggers massive market liquidations. His comments come as corporations rush to add cryptocurrencies to their balance sheets, with 64 entities now holding 3.04 million ETH worth $11.88 billion. Ethereum Founder Balances Benefits Against Overleveraging Risks Buterin acknowledged the benefits of corporate ETH adoption during a recent video podcast with Bankless. He praised the coordination around ETH as a treasury asset and noted that treasury companies provide valuable access vehicles for different investor types with varying financial circumstances and requirements. Are ETH Treasuries good for Ethereum? @VitalikButerin thinks they can be: “ETH just being an asset that companies can have as part of their treasury is good and valuable… giving people more options is good.” But he also issues a warning: “If you woke me up 3 years from now… pic.twitter.com/W55oUD7Lke — Bankless (@BanklessHQ) August 7, 2025 However, the Ethereum founder painted a concerning scenario about potential risks. He warned that if someone told him in three years that treasuries led to ETH’s downfall, he would guess that they turned into an overleveraged system. A 30% market drop could trigger forced liquidations, escalating to 50%, then 70%, and eventually 90% crashes, compounded by credibility loss, he explained. Glassnode lead analyst James Check had previously sounded similar alarms about Bitcoin treasury strategies in July. Check argued that easy gains might already be gone for new entrants as the market matures, with the strategy having a “far shorter lifespan than most expect.” VanEck’s Matthew Sigel raised additional concerns in June about companies using at-the-market share issuance programs to fund crypto purchases. When stock prices near parity with Bitcoin holdings’ value, dilution sets in rather than capital formation. Semler Scientific exemplifies these risks, with its stock dropping 32% year-to-date despite accumulating 3,808 BTC, resulting in a market multiple below its Bitcoin net asset value. Source: TradingView The warnings coincide with an unprecedented surge in corporate crypto adoption. Bitcoin treasuries now hold 3.65 million BTC across 290 entities, led by MicroStrategy’s massive 628,791 BTC position. Source: Bitcoin Treasuries Strategy’s dominance has attracted numerous copycats, with 21 new entities adding Bitcoin holdings in June alone. Early Movers Advantage: Market Faces Saturation Risks MicroStrategy’s pioneering approach under Michael Saylor established a template that hundreds of companies now follow. The firm’s nearly 630,000 BTC position was due to its early adoption, which created substantial advantages before the strategy became mainstream. Check emphasized that established players like MicroStrategy have more time to prove their thesis compared to latecomers entering an increasingly crowded space. “Nobody wants the 50th Treasury company,” he noted, warning that investors now demand clear differentiation beyond simply adding Bitcoin to balance sheets. New entrants face mounting challenges as speculative retail investors have limited capital to support dozens of similar strategies. The saturation concerns extend beyond Bitcoin to Ethereum, where corporate holdings have grown rapidly. Bitmine Immersion Tech leads with 833,100 ETH, followed by SharpLink Gaming’s 521,900 ETH position and The Ether Machine’s 345,400 ETH holdings. Source: Strategic ETH Reserve Liquidity Concerns Mount as Treasury Strategies Face Structural Vulnerabilities Financial experts have identified significant liquidity risks in the corporate crypto treasury trend. Historical precedence has shown how liquidity-driven selling can trigger market crashes even without major economic shocks, with historical examples including the 2008 financial crisis and 2023 banking turmoil. In fact, Bear Stearns and Silicon Valley Bank’s collapses perfectly illustrated how quickly liquidity can evaporate when confidence erodes. SVB’s failure was particularly due to liquidity mismanagement risks, as the bank couldn’t liquidate assets fast enough to meet withdrawal demands from panicked depositors. VanEck recommended safeguards, including pausing share issuance programs if stocks trade below 0.95 times net asset value for ten trading days. VanEck exec @matthew_sigel warns Bitcoin treasury strategies could backfire, as firms nearing NAV risk eroding shareholder value through continued BTC accumulation. #VanEck #BitcoinTreasury https://t.co/jEINL4NuxY — Cryptonews.com (@cryptonews) June 16, 2025 The firm also suggested prioritizing buybacks when Bitcoin rises but stock prices don’t reflect gains, and tying executive compensation to NAV per share growth rather than holdings size. Breed Venture Capital warned in June that only a few Bitcoin treasury companies will likely survive long-term without falling into a “death spiral” as stock prices converge with BTC holdings values. Source: Breed Venture Capital Notably, Pomerantz LLP has filed a class action lawsuit against MicroStrategy, accusing the firm of misleading investors about the profitability and risks of its crypto strategy. The concerns extend to artificial liquidity provided by market makers and algorithmic trading firms. While this corporate adoption is pushing the bull run, it may vanish during extreme volatility, leaving traders vulnerable to shortages when real liquidity becomes crucial for market stability. The post Vitalik Warns Corporate ETH Treasuries Could Become ‘Overleveraged Game’ Despite Benefits appeared first on Cryptonews .
Bitcoin (BTC) miners appear to be holding firm despite renewed concerns over sell-offs and liquidity crunches on Binance. The percentage price change since the last mining difficulty bottom has climbed to +7.4%, showing that the market has pulled out of stress territory and that forced sales from miners are not currently weighing on prices. This uptick offers a reprieve for BTC bulls, even as the asset struggles to reclaim its July 14 all-time high. Market Stabilizes Despite Previous $2B Miner Dump On July 25, concerns flared when on-chain data revealed that miners had offloaded over 18,000 BTC, worth more than $2 billion, onto Binance in a single day. The huge deposit came alongside $650 million in USDC leaving the exchange, prompting fears of reduced buy-side liquidity and an impending consolidation. CryptoQuant analyst Amr Taha noted this profit-taking followed Bitcoin’s push toward $120,000 and may have been driven by increasing operational costs and a tougher mining environment. He warned the influx might precede a local correction, a pattern seen during similar surges in the past. However, the market response has been more subdued than feared. While Binance’s liquidity thinned, and some market participants moved funds off-platform, Bitcoin’s price action remained largely stable and even increased. According to market watcher Axel Adler Jr., the +7.4% gain from the last difficulty bottom indicates miners are not in distress. His analysis shows that miner capitulation typically emerges during extended negative trends of -10% to -30%, a threshold the market is far from breaching. “Currently the miner factor is not dragging the market down,” Adler stated, although he stressed that miners are not actively boosting bullish momentum either. Market Response and Lingering Concerns Even amid declining revenues and a 3.5% drop in hashrate since mid-June, miners have largely opted to hold their coins. According to a June 29 CryptoQuant report, miner revenues plunged to a two-month low of $34 million, their worst levels in a year. Yet, outflows from the group dropped significantly, from 23,000 BTC daily in February to just 6,000 BTC. Price-wise, the world’s largest cryptocurrency was trading around $116,574 at the time of writing, per CoinGecko. The price reflects a modest 1.8% gain over 24 hours and a more respectable 7.4% in the last month. BTC remains up more than 104% year-on-year, although weekly movement remains tepid at just 0.8%, keeping the price 5.1% shy of its all-time high. While not in a euphoric zone, the data, as Adler summed it up, suggests a measured and resilient market, one where miners, often considered early warning indicators, are far from signaling panic. The post Bitcoin Miners Weather the Storm: No Capitulation in Sight at 7.4% Price Surge appeared first on CryptoPotato .