Bitcoin Hits Monthly Low as Toncoin Surges and MicroStrategy Boosts Bitcoin Holdings
Market pressures drive Bitcoin to $65,000, while Toncoin reaches new heights and MicroStrategy plans major Bitcoin acquisition.
- Bitcoin's price fell to $65,000, its lowest since mid-May, due to various market pressures.
- Toncoin surged to a new all-time high, becoming the ninth largest cryptocurrency by market cap.
- MicroStrategy increased its convertible note offering to $700 million to buy more Bitcoin, reinforcing its position as the largest corporate holder.
- Bernstein predicts Bitcoin could reach $200,000 by 2025 and $1 million by 2033, driven by ETF demand and limited supply.
- The broader cryptocurrency market saw significant declines, with altcoins like Ethereum, Solana, and Dogecoin experiencing steep losses.