Welcome to the US Cryptocurrency Morning News Briefing. We will inform you about today's important cryptocurrency developments.
This is a moment when subtle movements of major players can bring larger ripple effects. Rumors are already circulating about supply shocks, strategic purchases, and sudden liquidity pressures. Bitcoin's growth may come faster than expected.
Kaiser, Saylor May Trigger Bitcoin Supply Shock
Michael Saylor's strategy, currently MicroStrategy, recently purchased 21,000 BTC for $2.4 billion. This purchase increased the strategy's total Bitcoin holdings to 628,791 BTC, with unrealized gains of $28.18 billion.
Bitcoin pioneer Max Kaiser mentioned this purchase, saying that Saylor's move could make it difficult for other companies to buy BTC.
.@saylor scooping up all the BTC on exchanges and forcing a move higher as part of his plan to fabricate a 'halving' ahead of schedule; effectively eliminating a down-cycle.
โ Max Bitcoin (@maxkeiser) July 29, 2025
The other BTC treasury companies will find it very difficult to source BTC. In fact, Saylor may haveโฆ https://t.co/86oHpAOYsW
In this context, BeInCrypto contacted Max Kaiser to gain insights into how Saylor and the strategy's unintended supply shock actually works.
According to Kaiser, the $2.4 billion purchase is one of many steps that could lead to a significant price gap.
"Saylor's recent $2.4 billion purchase is a step in the right direction. If he can lead a purchase of over $20 billion, it will cause a supply shock and create a large price gap," Kaiser told BeInCrypto.
A price gap is a liquidity void that appears when an asset is suddenly overbought, causing prices to move strongly and quickly.
In a recent US Cryptocurrency News publication, Max Kaiser said Bitcoin is becoming the credit default swap (CDS) of the collapsing legal currency system.
He said Bitcoin has always been like the CDS of the global $400 trillion legal currency Ponzi scheme, collapsing as demand for securities like US Treasury sharply decreases.
In his latest commentary, the Bitcoin Maxi reflected the same sentiment about whether the market is watching default in real-time.
"Bitcoin has existed as the CDS proxy for global legal currency from day one. This is why the price has risen significantly, and why it will move to millions of dollars per Bitcoin," he said.
Meanwhile, Bitcoin price is consolidating at the bottom within a triangular pattern. The next direction depends on how the breakout occurs.
Today's Chart
The BTC/USDT chart on a daily timeframe shows Bitcoin price consolidating at the bottom within a triangular pattern. While receiving strong downward support, bearish forces (black volume profile) currently seem to overwhelm bullish forces (green volume profile) at the current price level.
If bullish forces win, Bitcoin could break through the top boundary of the triangle. A decisive candlestick close above $120,000 would allow BTC to recover its all-time high (ATH) of $123,218.
In a very bullish scenario, the pioneering cryptocurrency could set a new high price beyond this barrier.
The RSI (Relative Strength Index) position at 62 supports this outlook, showing BTC is not overbought. However, lower highs indicate weakening momentum, threatening Bitcoin's short-term upside potential.
Conversely, if bearish forces prevail, Bitcoin price could slip below the triangle's lower boundary, which could intensify selling pressure.
However, if the price maintains above the lower boundary of the fair value gap (FVG) at $112,060, or closer to the 50-day SMA at $111,673, BTC could rebound.
Ideally, the FVG between $112,060 and $115,221 will act as downward pressure on BTC price, pulling the price until the imbalance is filled.
On July 25, the price dropped to test these levels, balancing out inefficiencies and effectively removing the FVG as part of the downward pressure.
List of US Cryptocurrency News to Watch
Here is a summary of US cryptocurrency news to watch today.
- How Hyperliquid is quietly beating Robinhood.
- Cardano's Hoskinson praises a new stablecoin. It is evaluated as "more advanced" than USDC.
- CoinDCX employee linked to $44 million cryptocurrency theft. Everything you need to know.
- Strategic Ethereum reserves exceed $10 billion. Amid increasing institutional interest.
- SEC opens the door to more cryptocurrency ETFs. But with conditions.
- US Dollar Index (DXY) reaches a two-month high. Federal Reserve maintains interest rates.
- FOMC report leads to Bitcoin drop. Will selling pressure push prices lower?
- Kraken and Robinhood record strong year-over-year growth. Despite slowing cryptocurrency activity in the second quarter.
- PUMP surges 15% as buyback wallet fills with 12,000 SOL.
Cryptocurrency Stock Flows
| Company | Closed at July 30 | Pre-market Overview |
| Strategy (MSTR) | $395.04 | $402.60 (+1.91%) |
| Coinbase Global (COIN) | $377.48 | $387.98 (+2.78%) |
| Galaxy Digital Holdings (GLXY) | $28.90 | $30.11 (+4.19%) |
| Marathon Holdings (MARA) | $16.55 | $16.76 (+1.27%) |
| Riot Platform (RIOT) | $13.52 | $13.71 (+1.41%) |
| Core Scientific (CORZ) | $13.06 | $13.50 (+3.41%) |
