Bitcoin rose by 7.3% in July to $62.9K, following its steepest monthly decline in four years in June. From a seasonal perspective, August is considered the most unfavourable month for BTC. Over the past 15 years, Bitcoin has ended the month with gains on only five occasions and has fallen ten times. Meanwhile, the last four years have all been unfavourable for Bitcoin. The average decline was 13.8%, while the average gain was 14%.

Crypto News

Strategy reported a net loss of $8.2 billion for the second quarter, compared with a profit of $10 billion for the same period last year. The main reason for this was the so-called unrealised, ‘paper’ losses due to the fall in the value of Bitcoin held in reserves.

Strategy will continue to…