Matrixport Flags Summer Consolidation After Crypto Week Surge
Key Takeaways:
- Matrixport expects a Bitcoin consolidation phase to extend through August.
- Crypto Week activity failed to sustain retail or institutional momentum.
- Stablecoin frameworks like the GENIUS Act could influence Treasury demand and impact digital asset positioning.
Bitcoin’s recent rally appears to be losing momentum, with Matrixport projecting a period of consolidation through August after “Crypto Week.”
In a July 25 report shared on social media, Matrixport said Bitcoin had reached a technical ceiling at $122,000, following a breakout earlier in the month that lacked sustained leverage support.
Anticlimatic Market Post Crypto Week
Although retail activity increased during the U.S. “Crypto Week,” analysts observed…
