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Bitcoin News

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A highly curated list of Bitcoin news and updates, delivered straight to your inbox every week.

We’re more than halfway through August, and Bitcoin is trading less than $50 from where it started the month. August has historically been Bitcoin’s worst month for price action. Will it close in the green or the red?

The youth are questioning the Federal Reserve 👀

Bitcoin’s 200-day moving average has crossed above $100,000 for the first time ever. Each milestone before ($100, $1K, $10K) marked the start of a new era for Bitcoin. History suggests this run is just getting started. From Nunya Bizniz

NEW: After initially ruling out new U.S. Bitcoin purchases, Treasury Secretary Scott Bessent clarified his position, saying the Strategic Bitcoin Reserve will be built on seized crypto assets, but that the Treasury Department is also exploring “budget-neutral” ways to expand it. 🇺🇸

NEW: 🇳🇴 Norges Bank, Norway’s central bank, increases its Bitcoin equivalent exposure from 6,200 to 11,400 BTC in Q2, an 83% jump. The position is almost entirely in Strategy (formerly MicroStrategy), with a small addition in Metaplanet.

NEW: New York State Assemblymember Phil Steck proposed a 0.2% excise tax on all cryptocurrency transactions in NY. He estimates it could raise $158M annually based on Chainalysis data from 2022–2023.

NEW: Sequans announces plan to acquire 100,000 BTC by 2030, using equity, debt, and intellectual property monetization to fund Bitcoin purchases.

LUMMIS: “Bessent is right: a budget-neutral path to building SBR is the way. We cannot save our country from $37T debt by purchasing more bitcoin, but we can revalue gold reserves to today’s prices & transfer the increase in value to build SBR. America needs the BITCOIN Act.”

Institutional grade Bitcoin vs M2 chart from Bitwise 👀