1. Bitcoin Market
From June 28 to July 4, 2025, the specific movements of Bitcoin were as follows:
June 28: Bitcoin continued its previous wide-range consolidation pattern. During the day, it once dipped to $106,543, then rebounded to $107,220, breaking out of the short-term wide oscillation range. After a slight pullback, it continued to climb to $107,512, but dropped again near the close, touching $107,152, and finally closed at $107,484.
June 29: The intraday volatility range significantly narrowed, with prices consolidating narrowly between $107,200 and $107,500. In the evening, bullish momentum strengthened, and the price quickly rose from $107,382 to $108,432, setting a stage high, but then met resistance and pulled back, closing at $107,745.
June 30: The previous day’s downward trend continued. At the start, the price dropped to $107,375 and temporarily stabilized, then launched a new upward move, quickly rising to $108,779. However, it failed to hold at the high level and gradually fell back to $107,574, oscillating around the $107,600 level. The evening session saw violent swings again; the price briefly broke below the key support at $107,000, bottoming at $106,823, but quickly rebounded to $107,817, showing intense battles between bulls and bears.
July 1: Bitcoin overall showed a downward oscillating trend, falling steadily from $107,721. The lowest point in the evening touched $106,500 before a short sideways movement, followed by a sharp rebound to $107,172, then falling again, with a low of $105,696, and finally closing at $106,027, recording a bearish daily candle.
July 2: The early stage of the decline continued, with prices oscillating lower in the morning, bottoming at $105,398 before stabilizing. Then a strong rebound occurred, with prices surging to $109,615. The intraday volatility exceeded $4,200, marking the largest single-day rebound in this period, indicating strong entry interest from low-level bulls and a phase of market sentiment recovery.
July 3: Bulls continued the rebound momentum, pushing prices to $109,745 before a technical correction brought a short-term pullback to $108,626. After adjustment, prices broke above the previous high again, reaching $110,293, then retreated for consolidation. During the session, there was a second spike to a weekly high of $110,304. Although multiple attempts were made to hold above the $110,000 mark, the price failed to stabilize, pulling back slightly near the close to $109,166, indicating strong resistance at that level.
July 4: Bitcoin rose slightly, once climbing to $109,977 intraday, then oscillated back to consolidate around $109,640. As of now, the price is temporarily reported at $109,645, maintaining a high-level consolidation posture.
Summary
This week, Bitcoin experienced wide-range oscillations influenced by macro news, showing a three-phase pattern of "sideways consolidation – pullback – strong rebound and high-level consolidation." From June 28 to 29, market trading sentiment was cautious, with Bitcoin sideways. Due to the lack of key catalysts, investors generally adopted a wait-and-see attitude, awaiting the next directional signals; from July 1 to 2, there was continued wide-range decline, driven by traders' risk aversion ahead of important U.S. economic data, waiting for clarity from initial jobless claims released on July 3 or broader macro solutions; from July 2 to 3, Bitcoin launched a rapid rebound mainly driven by technical oversold bounce and weakening U.S. employment data, which collectively boosted market expectations for a Federal Reserve rate cut.
Bitcoin Price Trend (2025/06/28–2025/07/04)
2. Market Dynamics and Macroeconomic Background
Capital Flows
1.Whale Movements and On-Chain Fund Trends
Increased Whale Selling Pressure: As of June 30, on-chain data shows Bitcoin whales have sold over 40,000 BTC (approximately $4.3 billion), concentrated around when BTC prices approached $110,000, indicating significant selling pressure in the market.
Long-Term Holder Activity: The Liveliness indicator has risen, reflecting that long-term holders (LTH) have begun actively moving assets, signaling growing bearish sentiment in the market.
Miners and LTH Sell-Off in Sync: CryptoQuant analysis points out that the current scale of selling by miners and LTH exceeds the funds from new buyers, indicating weak demand on the market side and potential downward price pressure.
2.Overall Flows of Digital Asset Investment Products
In the week ending June 30, global digital asset investment products recorded a total net inflow of $2.7 billion, marking the 11th consecutive week of net inflows. Among these, Bitcoin products attracted approximately $2.2 billion, accounting for 83%, showing BTC remains the preferred asset for institutions. The cumulative net inflow for the first half of the year reached $17.8 billion, setting a record high for the same period historically.
3.On-Chain Supply and Liquidity Conditions
Exchange BTC Reserves Hit New Low: As of July 2, Bitcoin reserves on exchanges dropped to 14.5%, the lowest level in seven years, indicating tightening market liquidity and potential bullishness for medium- to long-term prices.
Decline in On-Chain Supply Activity: Over the past 30 days, active on-chain Bitcoin supply decreased by approximately 17%, suggesting weakened short-term supply willingness, with the market awaiting the next price signal or turning point.
4.Market Capitalization and Fund Size Changes
As of July 1, Bitcoin’s total market capitalization was about $2.109 trillion, slightly down from $2.158 trillion on June 30. Short-term fund fluctuations are evident, but overall levels remain in historically high ranges, reflecting strong market support.
5.Spot Bitcoin ETFs
Daily ETF Fund Inflows/Outflows This Week:
June 30: +$102.1 million
July 1: -$342.2 million
July 2: +$407.8 million
July 3: +$377.3 million
There was a net outflow exceeding $300 million on July 1, but strong inflows followed on the next two trading days, with nearly $790 million flowing in on July 2 and 3 combined, basically offsetting the earlier outflow pressure. Overall, institutions quickly resumed allocation after a brief profit-taking, showing a positive attitude toward the medium- to long-term market trend.
ETF Inflow/Outflow Data Image
Weekly/Quarterly Fund Data Summary
June 24–28: Net inflow ≈ $2.22 billion, with BlackRock IBIT contributing $1.31 billion, Fidelity $504 million, and GBTC experiencing a net outflow of $5.69 million.
June Monthly Net Inflow: $4.6 billion, increasing about 43,000 BTC.
Q2 Quarterly Net Inflow: Total Bitcoin ETF inflow ≈ 123,000 BTC (≈ $12.6 billion).
Despite short-term outflows on certain trading days, especially affected by macroeconomic data and Federal Reserve rate hike expectations, the overall capital flow continues to maintain strong net inflows. Particularly, ETFs kept attracting funds at the end of June, reflecting institutional investors’ recognition and confidence in Bitcoin’s medium- to long-term allocation value. ETFs, as an important bridge connecting traditional capital markets and crypto assets, are continuously consolidating their fund absorption capacity and market influence.
Technical Indicator Analysis
1.Relative Strength Index (RSI 14)
According to Investing.com data, as of July 4, 2025, Bitcoin’s 14-day Relative Strength Index (RSI) is 53.011, positioned in the neutral-to-slightly-strong zone (50–70). This value indicates that the current market is neither overbought nor oversold, reflecting a relatively balanced price pattern with a slight dominance of bullish forces. RSI remaining above 50 shows that buying pressure still holds some advantage, but momentum is not strong enough yet to form a clear trend breakout.
If RSI continues to break above the 60 level accompanied by increased price volume, a new upward momentum phase may form; conversely, if RSI falls below 50, it may signal weakening short-term momentum, suggesting a risk of price oscillation and pullback.
2.Moving Average (MA) Analysis
5-day Moving Average (MA5): $108,473.47
20-day Moving Average (MA20): $107,020.19
50-day Moving Average (MA50): $104,504.02
100-day Moving Average (MA100): $95,522.84
200-day Moving Average (MA200): $91,939.45
Current Market Price: $109,645.94
MA5, MA20, MA50, MA100, MA200 Data Image
From the arrangement of the moving averages across different periods, a standard bullish alignment (short-term > mid-term > long-term) is observed, especially with the current price trading above all major moving averages, indicating Bitcoin is in a strong upward trend overall. In the short term, the upward slopes of MA5 and MA20 indicate the market maintains good momentum and investor sentiment remains bullish.
Notably, the current price stabilizing above MA20 and MA50 shows effective support during short-term pullbacks. If the price can continue to hold above MA20 with increased trading volume, it is likely to push prices higher to challenge upper ranges; conversely, a break below MA20 may trigger a phase correction testing support near MA50.
3.Moving Average Convergence Divergence (MACD) Analysis
According to Investing.com data, as of July 4, the MACD fast line stands at 283.05, remaining in positive territory and continuing to rise, indicating the market is dominated by bulls with strong momentum. This is the highest level in nearly two weeks, technically supporting further price advances.
MACD currently issues a “Buy” signal, with the market trend leaning bullish and expected to maintain high-level oscillation or moderate upward movement in the short term. However, attention should be paid to whether the histogram’s growth rate slows down. If a bearish divergence appears (price making new highs while MACD histogram does not correspondingly rise), short-term momentum weakening and technical correction risk should be noted. If MACD continues to rise and maintains a golden cross, the price is likely to break above $110,000; conversely, if a death cross signal appears or the histogram turns negative, a short-term pullback may be triggered.
4.Key Support and Resistance Levels
Support Levels: Bitcoin’s key short-term support levels are at $109,000 and $107,500. Under technical pullbacks, these two levels showed clear support on July 3 and June 30, respectively. On July 3, $109,000 successfully held during intraday corrections, demonstrating strong buying power. Meanwhile, $107,500 held firm during two pullbacks on June 30, confirming its validity as a structural support. Should prices continue to fall, the next significant support area lies at $105,500, which effectively supported the sharp drop on July 2.
Resistance Levels: Bitcoin’s main short-term resistance is at $110,300. During the upward test on July 3, the price approached this level twice but encountered significant selling pressure and failed to break through, reflecting strong bearish defense and selling pressure at this resistance. If the market can break this resistance with increased volume, Bitcoin may further rise to challenge higher resistance zones, where attention should focus on synchronized volume expansion and stable price support.
In summary, Bitcoin currently maintains a high-level oscillation pattern with a technically bullish oscillation structure. Bulls remain dominant, but close attention should be paid to the breakthrough and hold of key price levels to determine the next trend direction.
Market Sentiment Analysis
1.Sentiment Overview
This week (June 28 – July 3), Bitcoin market sentiment showed a fluctuating trend, reflecting investors’ high sensitivity and uncertainty toward market direction. From June 28 to 30, Bitcoin price exhibited an upward trend, with investor sentiment turning optimistic and trading activity warming up; from July 1 to 2, the market experienced a significant pullback, and Bitcoin price sharply dropped, triggering a resurgence of panic sentiment; from July 2 to 3, Bitcoin rebounded strongly, with a single-day gain of 4.13%, effectively breaking through the previous downtrend, leading to a clear recovery in market confidence and rapid sentiment repair.
Overall, the market quickly rebounded after a short-term correction, indicating that sentiment currently remains quite resilient, though short-term bullish and bearish sentiment competition remains intense.
2.Key Sentiment Indicator (Fear & Greed Index)
As of July 4, the Fear & Greed Index stood at 55, located within the “Neutral” range. This shows market sentiment leaning toward cautious optimism, with investors not yet entering a clear phase of greed or fear.
Reviewing this week (June 28 – July 3), the daily index values were: 49 (Neutral), 50 (Neutral), 52 (Neutral), 50 (Neutral), 46 (Neutral), and 54 (Neutral). Overall, although the index consistently stayed in the “Neutral” zone, the range of fluctuation reflects rapid shifts in market sentiment, especially during periods of significant price volatility when the index showed noticeable swings. This phenomenon indicates that the market has yet to form a consensus trend expectation, with investors closely monitoring multiple factors such as macroeconomic data, policy developments, and on-chain data to gauge future direction.
Fear & Greed Index Data Image
Macroeconomic Background
1.Intensified Trump Policy Offensive: Tax Cuts + Attacks on the Federal Reserve
On July 1, the “Big Beautiful Bill” tax reform advanced
The Trump team pushed forward a large-scale tax reform proposal, the “Big Beautiful Bill,” in the Senate, with a scale reaching $4.5 trillion. It includes corporate tax cuts, middle-class tax rebates, and a halving of capital gains tax. Although the bill still needs approval from the House of Representatives and faces dissent within the Republican Party, its strong “tax-cutting” stance has already been seen by the market as Trump’s “post-election policy roadmap.”
If substantial tax cuts are implemented, they will release liquidity in the medium to long term and push up risk asset valuations, constituting a medium-term bullish factor for non-sovereign assets such as Bitcoin.
On July 2, Trump attacked Powell and the Federal Reserve again
He publicly accused the Federal Reserve of delaying interest rate cuts to “help Biden get re-elected,” implying that if he is elected, he would “clean house” at the Fed. Although such politicized remarks create short-term uncertainty, they reinforce market concerns about political interference in monetary policy, triggering short-term volatility.
Tax reform brings medium-term bullish expectations, while Trump’s remarks create short-term volatility opportunities. As a “decentralized asset,” Bitcoin may attract capital amid expectations of “systemic confrontation.”
2.Middle East Tensions: Geopolitical Conflicts Reemerge
On June 30, Israel airstrikes Iranian targets inside Syria
According to Reuters, Israel struck Iranian-backed militant positions inside Syria, and Iran warned it “reserves the right to retaliate.” The US also deployed an aircraft carrier to the eastern Mediterranean to deter escalation. Though the situation has not materially escalated, it triggered risk aversion sentiment, leading to Bitcoin’s short-term breakthrough of key levels.If conflicts intensify (e.g., Iran mobilizes allies or US forces intervene), Bitcoin could be favored as a “war safe-haven asset”; conversely, if tensions ease, there is a risk of adjustment following “good news realization.”
3.US Stock Market Strengthens, Risk Appetite Spills into Crypto Market
As of June 30, the S&P 500 and Nasdaq hit new all-time highs again
Driven by rising tech stocks, tax cut expectations, and geopolitical risk interplay, US equities maintained strength. The rise in risk appetite also propelled Bitcoin to a short-term high near $108,000, showing significant linkage between traditional and crypto markets. Against a backdrop of heightened risk appetite, Bitcoin benefited from cross-asset rotation, strengthening short-term upward momentum.
4.Weak Economic Data Strengthens Rate Cut Expectations
ISM manufacturing index dropped to 48.9 on July 1, below the contraction threshold
The official ISM report showed June’s manufacturing PMI at 49.0%, slightly up from May’s 48.5%, but still below the 50 mark, indicating four consecutive months of contraction in manufacturing.
Initial jobless claims rose to 240,000 on July 3, exceeding market expectations
July 3 data revealed initial jobless claims at 239,000, higher than expected, showing some loosening in the labor market. Continued claims remained around 1.68 million, relatively stable but slightly rising. Combined with fewer job openings in June’s JOLTS report and slowing corporate hiring, this signals clear cooling in the labor market and a slowdown in employment recovery. This series of data strengthens market expectations for the Fed to start cutting rates before year-end.
NFP and ADP data indicate ongoing labor market weakness
Markets expected about 110,000 new jobs in June NFP, with unemployment rising to 4.3%; ADP private sector employment even recorded -33,000, far below expectations.
In the short term, economic cooling reinforces bets on Q4 rate cuts, supporting Bitcoin’s logic as an “inflation hedge” to reheat; in the medium term, if data continues weakening and core inflation declines simultaneously, the probability of a Fed policy shift within the year rises, potentially opening a new upward channel for Bitcoin; risks remain that if inflation stickiness persists (e.g., rents, core services remain firm), the Fed may maintain a “wait-and-see” stance, suppressing market optimism.
3. Hashrate Changes
During the period from June 28 to July 4, 2025, the Bitcoin network hashrate showed fluctuations, with the specifics as follows:
On June 28, the Bitcoin network hashrate rose and then fell back, rapidly climbing from 733.27 EH/s to an intraday high of 987.48 EH/s, before retreating to 915.33 EH/s by the end of the day. On June 29, the hashrate continued the previous day’s downward trend, further dropping to 794.63 EH/s, then rebounded sharply, surging to 1126.8 EH/s, indicating a rapid return of computing power. On June 30, the network hashrate extended its upward momentum, reaching the week’s peak intraday high of 1196.7 EH/s, but then sharply fell back to 779.70 EH/s by day’s end, showing a significant correction. On July 1, Bitcoin’s hashrate remained in a low-level oscillation range, operating between 750 EH/s and 820 EH/s, closing the day at 772.82 EH/s, suggesting miners may be in a stage of dynamic adjustment. On July 2, after running at low levels the previous day, the network hashrate showed a gradual rise throughout the day. It steadily climbed from 724.12 EH/s to 948.79 EH/s near day’s end, indicating some miners’ computing power reconnected to the network, accelerating the pace of hashrate release. On July 3, the network hashrate continued the previous day’s upward trend, peaking at 989.68 EH/s. It then experienced a brief slight pullback, rebounded to 983.02 EH/s, and dropped again to 862.41 EH/s near day’s end, showing a pattern of hashrate volatility.
Overall, for most of this week, the hashrate remained below 1 ZH/s (i.e., 1000 EH/s), especially during July 1 to July 2 when it fluctuated at relatively low levels. This may be related to recent Iranian military actions causing temporary shutdowns or outflows of mining power, leading to short-term hashrate release and an overall network hashrate decline. Such geopolitical risks have had a noticeable impact on hashrate distribution and stability, reflecting miners’ sensitive responses to sudden events and flexibility in adjusting computing power.
Bitcoin Network Hashrate Data
4. Mining Revenue
According to data from YCharts, the total daily revenue of Bitcoin miners this week (including block rewards and transaction fees) is as follows: June 28: $49.72 million; June 29: $57.85 million; June 30: $49.33 million; July 1: $45.81 million; July 2: $52.80 million. From this, it can be seen that the miners’ average daily total revenue this week roughly stayed between $45 million and $53 million, with limited overall fluctuations, showing relatively stable performance. The revenue structure remains dominated by block rewards, while the proportion of fee income fluctuated slightly, indicating that recent on-chain transaction activity is at a neutral level. Against the backdrop of Bitcoin’s price oscillating at a high level, block rewards still constitute the main part of revenue, with fee income relatively low but stable, reflecting neutral on-chain transaction activity—not in an extremely hot or cold state.
From the perspective of Hashprice (daily revenue per unit of computing power), this week exhibited a structural characteristic of “short-term rapid increase.” As of the writing on July 4, Hashprice is temporarily reported at $59.35/PH/s/day, close to a relative high. According to Hashrate Index data, from June 28 to 29, Hashprice hovered steadily around $53.85/PH/s/day with slight fluctuations. Starting midday on June 29, unit computing power revenue suddenly surged, rising quickly from $53.78/PH/s/day to $58.18/PH/s/day, a nearly 8.2% single-day increase. This anomaly may be directly related to a geopolitical sudden event (such as Israel’s airstrike against Iran on June 29). According to multiple sources, the strike damaged some Iranian power infrastructure, affecting several Bitcoin mining facilities locally, causing regional hashrate to operate at low levels temporarily, lengthening the global block time, and increasing the Bitcoin reward proportion per unit of computing power, thus pushing Hashprice (unit computing power revenue) to rapidly rise. On June 30, Hashprice rose to $58.70/PH/s/day; on July 2, it slightly retreated to $57.30/PH/s/day; on July 3, it rose again, reaching the week’s high point of $59.43/PH/s/day, close to the second-highest level. The strengthening of Hashprice partially offset the compression effect caused by hashrate growth after the halving, improving the short-term survival space for small and medium miners.
According to The Block data, the total Bitcoin miner revenue for June 2025 was approximately $1.39 billion, down about 8.6% month-on-month from $1.52 billion in May 2024. Although there was a certain degree of decline, the monthly revenue of $1.39 billion remains at a historically high level, indicating that the fundamentals of the current Bitcoin network remain resilient, especially under the backdrop of price oscillations at high levels and stable network usage rates, with sustained profitability in the mining industry chain. In the medium to long term, with the introduction of new businesses such as AI + blockchain, increased institutional investor participation, and global optimization of energy structures, the miner ecosystem may present a more diversified development pattern.
Hashprice Data
Bitcoin Miner Monthly Revenue Data
5. Energy Costs and Mining Efficiency
According to data from CloverPool, as of July 4, 2025, the total Bitcoin network hashrate reached 867.62 EH/s, with the current network mining difficulty at 116.96 T. The next difficulty adjustment is expected to occur on July 12, with a projected increase of 0.64%, raising the difficulty to 117.71 T. This reflects that the overall network hashrate remains high and shows a moderate growth trend. On one hand, the slight difficulty increase indicates positive market confidence, with miners still willing to continue investing computing power; on the other hand, it also shows that recent hashrate growth has been relatively steady without excessive expansion or sharp fluctuations.
From the mining cost perspective, according to MacroMicro’s latest model calculations, as of July 2, 2025, the unit production cost of Bitcoin is approximately $87,939.87, while the spot price at the same time is $108,859.32, corresponding to a Mining Cost-to-Price Ratio of 0.91. This metric is commonly regarded as an important reference for assessing the sustainability of mining activity. Historical data show that when this ratio is between 0.8 and 1.0, it indicates the mining industry is in a “healthy zone”—miners can achieve reasonable profits without causing irrational hashrate expansion due to excessive profits. The current level of 0.91 indicates that miners across the network remain in a stable profit state, but overall profit margins are limited and still constrained by factors such as electricity costs, equipment efficiency, and operational scale.
Notably, according to the latest information released by CryptoQuant CEO Ki Young Ju on July 2, one of the leading U.S. mining companies, Marathon Digital Holdings (MARA), currently has a unit mining cost of about $51,000, with a profit margin close to twice that, far below the industry average. This significant cost advantage mainly stems from its large-scale operations, deployment of high-performance mining machines, and low electricity price strategies, highlighting the strong competitiveness of large mining companies in energy efficiency management and resource integration. The profit gap between leading miners and small-to-medium mining farms is accelerating, forming a clear structural divide: large mining farms have the ability to sustain profits, while small and medium miners, especially those relying on outdated equipment or located in high electricity cost regions, face shrinking profit margins, increasing operational pressures, and higher risks of exit.
Therefore, although from a macro perspective Bitcoin mining still offers considerable economic returns, a clear profit stratification has emerged within the industry. If Bitcoin’s price experiences downward volatility in the future, or if global energy costs rise further, the Mining Cost-to-Price Ratio may exceed the critical threshold of 1.0, becoming an important leading signal affecting hashrate adjustment, miner structure reorganization, and market supply rhythm.
Bitcoin Mining Difficulty Data
6. Policy and Regulatory News
Connecticut Governor Officially Signs Bitcoin Reserve Ban Bill
On July 1, according to Bitcoin Laws, Connecticut Governor Ned Lamont officially signed the state’s Bitcoin reserve ban bill.
Connecticut is now prohibited from accepting, holding, or investing in any digital assets.
Arizona Governor Vetoes “Bitcoin Reserve” Bill HB2324
On July 2, according to Bitcoin Laws, Arizona Governor Katie Hobbs vetoed the “Bitcoin Reserve” bill HB2324. The bill originally aimed to establish a digital asset reserve to store digital assets obtained through criminal asset forfeiture.
Related Images
IMF Rejects Pakistan’s Proposal for Electricity Subsidies for Bitcoin Mining
On July 3, according to Bitcoin Magazine, the International Monetary Fund (IMF) rejected Pakistan’s proposal to provide electricity subsidies for Bitcoin and cryptocurrency mining.
7. Mining News
CZ: Bhutan Is Utilizing Excess Hydropower for Bitcoin Mining
On June 30, Binance founder CZ posted on social media that Bhutan is using its surplus hydropower resources for Bitcoin mining.
American Bitcoin, Supported by Trump’s Son, Raises $220 Million to Expand Bitcoin Mining Business
On July 1, Bloomberg reported that American Bitcoin, a cryptocurrency company backed by Eric Trump, son of former U.S. President Donald Trump, has raised $220 million to purchase Bitcoin and digital asset mining equipment. The company issued new shares to private investors last Friday, with about $10 million worth of equity sold in Bitcoin rather than U.S. dollars.
American Bitcoin’s major shareholder Hut 8 Corp plans to take the company public through a merger with Gryphon Digital Mining Inc. Hut 8 previously transferred its mining equipment to American Bitcoin in exchange for an 80% equity stake.
Michael Saylor: The U.S. Must End Unfair Taxation on Miners to Become a Bitcoin Powerhouse
On July 1, Michael Saylor tweeted: "If the U.S. wants to become the world’s Bitcoin superpower, we must end unfair taxation on Bitcoin miners." Senator Lummis pointed out that miners and stakers have faced double taxation for years—once when receiving block rewards and again when selling. Both emphasized that reforming this unfair tax system is critical to securing America’s leadership in the global Bitcoin and cryptocurrency space.
South African Power Company Eskom Seeks to Support Bitcoin Mining and Energy-Intensive Technologies
On July 2, Dan Marokane, CEO of South Africa’s state-owned power company Eskom, stated that the company is exploring opportunities to support Bitcoin mining, artificial intelligence (AI) development, and data centers to help its future growth.
Marokane noted at the BizNews conference earlier this year that data centers and Bitcoin mining are driving electricity demand in the U.S.
Related Images
Tether Partners with Adecoagro to Mine Bitcoin Using Renewable Energy in Brazil
On July 3, Tether and South American sustainable production company Adecoagro announced that they have signed a memorandum of understanding to explore strategic cooperation around Bitcoin mining. As the world accelerates its transition toward cleaner and more efficient energy systems, Bitcoin mining is increasingly becoming a powerful means to monetize surplus energy, enhance grid stability, and support the development of decentralized networks. The project will explore how to leverage renewable energy assets to support the growth of the digital economy, unlocking new efficiency potential at the intersection of technology and infrastructure.
Independent Miner Successfully Mines a Bitcoin Block Rewarding 3.173 BTC, Worth Nearly $350,000
On July 4, Cointelegraph reported that an independent miner successfully mined a Bitcoin block, receiving 3.173 BTC, valued at nearly $350,000.
Related Images
8. Bitcoin News
Global Corporate Bitcoin Holdings Update (This Week’s Statistics)
1.Cel AI (UK)
On June 28, UK-based artificial intelligence company Cel AI announced plans to raise approximately $10.3 million through a private placement to purchase Bitcoin as part of its Bitcoin treasury strategy.
2.BlackRock
On June 29, US asset management giant BlackRock increased its Bitcoin holdings by $1.15 billion this week, bringing its total holdings to a record high market value of $77.7 billion.
3.Bitcoin Treasury Corporation (Canada)
On June 28, Bitcoin Treasury Corporation, a Bitcoin financial company listed on the Toronto Stock Exchange Venture Board, increased its holdings by 478.57 BTC, bringing its total holdings to 771.37 BTC.
4.Al Abraaj (Bahrain)
On June 30, Bahrain Stock Exchange-listed company Al Abraaj Restaurants Group (ticker: ABRAAJ) increased its Bitcoin holdings by 2 BTC, with a current total of 7 BTC.
5.Metaplanet (Japan)
On June 30, Metaplanet, listed on the Tokyo Stock Exchange, purchased 1,005 BTC, bringing its total holdings to 13,350 BTC. On the same day, the company became the fifth largest publicly listed Bitcoin holder globally, behind Strategy, MARA, XXI, and Riot.
6.Vaultz Capital (UK)
On June 30, UK investment firm Vaultz Capital increased its Bitcoin holdings by 40 BTC, with total holdings now at 50 BTC.
7.Strategy (formerly MicroStrategy, USA)
On June 30, US-listed intelligent software company Strategy increased its Bitcoin holdings by 4,980 BTC between June 23 and 29, with total holdings reaching 597,325 BTC.
8.The Smarter Web Company (UK)
On July 1, UK London-listed technology company The Smarter Web Company increased its Bitcoin holdings by 230.05 BTC, with total holdings now at 773.58 BTC.
9.Vanadi Coffee (Spain)
On July 1, Spanish coffee chain Vanadi Coffee increased its Bitcoin holdings by 10 BTC, with total holdings now at 64 BTC.
10.Monochrome (Australia)
On July 1, Australian crypto asset management company Monochrome’s spot Bitcoin ETF (IBTC) holdings reached 931 BTC.
11.Figma (USA)
On July 2, well-known US design software company Figma disclosed holdings of nearly $70 million in Bitcoin ETFs and received approval to purchase an additional $30 million worth of BTC.
12.Genius Group (USA)
On July 2, New York Stock Exchange-listed AI company Genius Group (ticker: GNS) increased its Bitcoin reserve to 120 BTC on July 1, a 20% increase. The company plans to expand holdings to 1,000 BTC over the next six months.
Trump: Cryptocurrency Is a Very Interesting Thing, Bitcoin Eases Pressure on the U.S. Dollar
On June 28, U.S. President Trump stated that cryptocurrency is a very interesting thing and that we have built a very strong industry. Cryptocurrency creates jobs, and Bitcoin also alleviates the pressure on the U.S. dollar. During the recent stock market downturn, the decline in cryptocurrency value was less severe than other assets, highlighting the resilience of the crypto sector.
Data: Since 2020, Bitcoin’s Average Return 60 Days After Major Geopolitical Events Is 37%
On June 29, Binance Research disclosed data showing that historically Bitcoin tends to rebound after major geopolitical events, with an average return of 37% within 60 days after such events since 2020.
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At Least Nine London Companies Explore Bitcoin Strategies in the Past Week, Vinanz to Rename as London BTC Company
On June 29, according to the UK Financial Times, multiple London-listed companies are entering the Bitcoin space to boost their stock prices. In the past week, at least nine companies announced they have purchased or plan to purchase Bitcoin, including:
1.Tao Alpha plans to raise £100 million to launch a Bitcoin fund strategy;
2.Smarter Web Company’s market value has risen above £1 billion since announcing its Bitcoin purchase plan in April;
3.Panther Metals announced a Bitcoin strategy and has purchased one Bitcoin, with a short-term goal to hold Bitcoin worth £4 million;
4.Bluebird Mining Ventures raised £2 million through debt financing for Bitcoin investment and plans to raise another £10 million;
5.Vinanz currently holds Bitcoin worth $3.85 million and is renaming itself as London BTC Company.
Analyst: Young People Disappointed with Capitalist System, Bitcoin’s Long-Term Uptrend Is Unstoppable
On June 30, market analyst Jordi Visser said on the Anthony Pompliano podcast that the generation aged 25 and under is increasingly disappointed with the capitalist system. Impacted by AI disruptions and economic uncertainties, calls for welfare systems funded by public spending are growing stronger.
He pointed out that governments will be forced to keep printing money to ease social pressure, which will further drive Bitcoin’s long-term value as an inflation hedge. “The greater the anger, the more printing there is, and the harder it is to suppress Bitcoin’s price.”
Visser believes that within the next five years, AI and robotics will change the labor structure and accelerate the restructuring of the financial system.
Bitwise: Maintains Bitcoin 2025 Target Price at $200,000
On July 1, Bitwise Chief Investment Officer Matt Hougan stated that Bitwise maintains its Bitcoin target price of $200,000 for 2025 but is less confident that ETH and SOL will reach new highs this year. Matt Hougan and Head of Research Ryan Rasmussen said in a client report: “Crypto asset prices have been mixed this year. Thanks to strong ETF inflows, growing demand from Bitcoin asset managers, and the potential establishment of a U.S. strategic Bitcoin reserve, Bitcoin prices hit an all-time high in May. However, Ethereum and Solana have both declined so far this year, with macro risks hindering the acceleration of the bull market.”
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Listed Companies Purchased 245,510 Bitcoins in the First Half of the Year, More Than Twice the ETF Purchases in the Same Period
On July 2, it was reported that in the first half of 2025, listed companies purchased a total of 245,510 Bitcoins, more than twice the amount bought by ETFs during the same period (118,424 BTC). This year-to-date figure represents a 375% increase compared to the 51,653 BTC purchased by companies in the first half of 2024. In contrast, ETF purchases declined by 56%, after ETFs initially bought as many as 267,878 BTC at the start of 2024.
Since each ETF share is backed by actual Bitcoin, the number of shares created usually reflects demand from retail investors, hedge funds, and registered investment advisors. Corporate Bitcoin purchases, on the other hand, reflect direct strategic decisions by management. Therefore, the widening gap indicates growing confidence among boards in Bitcoin as a reserve asset, now rivaling the enthusiasm of retail and institutional investors.
Among them, the company “Strategy” alone purchased 135,600 BTC, accounting for 55% of all listed company purchases. In the same period in 2024, this company accounted for 72% of corporate Bitcoin purchases. This suggests that by 2025, corporate demand for Bitcoin has diversified significantly and is no longer concentrated in a single leading company.
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Analyst: Rising M2 Will Drive Bitcoin Price Up, Could Reach $150,000 by Year-End
On July 2, according to Forbes, Matt Mena, cryptocurrency research strategist at 21Shares, stated that as M2 money supply begins to rise again, historical data shows that some liquidity will flow into Bitcoin and other digital assets.
Historically, Bitcoin’s price has tracked the M2 money supply, which is the Federal Reserve’s estimate of liquid assets including cash, checking deposits, savings accounts, and other short-term savings instruments such as money market funds. Anthony Pompliano, a cryptocurrency influencer who is about to lead a new Bitcoin acquisition company, wrote in an email: If Bitcoin continues to follow money supply growth, we may see the price of Bitcoin reach $150,000 by the end of the year.
