Data from TradingView showed new local highs above $77,400 before the week’s final Wall Street open
·2 min read
Compiled by KHAO Editorial
— aggregated from 2 sources + 3 references discovered via search.
See llms.txt for citation guidance.
✓ KHAO Verified
BTC/USD one-day chart.
Key facts
Some 3.44 million BTC now have an onchain cost basis, also known as realized price, between $58,000 and $67,000
As between Aug. 3 and Aug. 9, Strategy opted to sell a small portion of its treasury worth 1,690 BTC to repurchase 1.15 million shares of its STRC preferred stock for $108.6 million
BTC/USD broke through several key resistance levels this week, including its 200-day simple moving average (SMA) at $68,967, a key target to reclaim to end the long-term BTC price downtrend
Data from TradingView showed new local highs above $77,400 before the week’s final Wall Street open
Summary
Bitcoin gains 20% in two days as Strategy sees its BTC treasury climb out of the red. Bitcoin (BTC) hit $77,000 on Friday as business intelligence company Strategy’s corporate treasury returned to profit. Bitcoin reaches its highest level since May 26 as it revisits $77,000. Price returns above the cost basis for Strategy’s BTC corporate treasury at $75,385. Around 11% of the BTC supply constitutes a new band of support below $68,000.