Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee because this is the kind of moment where subtle moves by major players could ripple into something far larger. With whispers of supply shocks, strategic buys, and sudden liquidity squeezers already circulating, Bitcoin’s growth may arrive faster than expected.
Crypto News of the Day: Keiser Says Saylor Could Trigger Bitcoin Supply Shock
Michael Saylor’s Strategy, now MicroStrategy, recently bought 21,000 BTC for $2.4 billion. The purchase brought Strategy’s total Bitcoin holdings to 628,791 BTC, with an unrealized profit of $28.18 billion.
Bitcoin pioneer Max Keiser commented on the purchase, indicating that Saylor’s move could see other BTC treasuries struggle to find Bitcoin to buy.
Against this backdrop, BeInCrypto contacted Max Keiser for insights on how Saylor and Strategy’s inadvertent supply shock works in practice.
According to Keiser, the $2.4 billion purchase is one step, among many to come, that could culminate in a huge price gap.
“Saylor’s recent $2.4 billion buy is a step in the right direction. If he can engineer a $20 billion buy or higher, than he will have engineered a supply shock and we’ll see a huge price gap higher,” Keiser told BeInCrypto.
A price gap is a liquidity void that appears after price moves strongly and quickly when an asset is abruptly overbought.
In a recent US Crypto News publication, Max Keiser said Bitcoin is becoming the Credit Default Swap (CDS) on a collapsing fiat system.
He said Bitcoin has always been the equivalent of a CDS on the 400 trillion, global, fiat money Ponzi scheme, imploding as demand for securities like US Treasuries radically shrinks.
In his latest commentary, the Bitcoin maxi echoed the same sentiment when asked whether markets watch the default unfold in real time.
“Bitcoin has been a CDS proxy on the global fiat money since day-1. It’s why the price has moved up so much and why it’ll move into the millions per Bitcoin,” he stated.
Meanwhile, the Bitcoin price is stuck between a rock and a hard place, consolidating within a pennant triangle. The next directional bias hinges on how the breakout happens.
Chart of the Day
The BTC/USDT chart for the one-day timeframe shows that the Bitcoin price is consolidating within a pennant. While it enjoys strong downward support, bearish hands (black volume profiles) appear to be overpowering bulls (green volume profiles) at current price levels.
If the bulls have their way, Bitcoin could break above the upper boundary of the pennant. A decisive candlestick close above $120,000 could see BTC reclaim its all-time high (ATH) of $123,218.
In a highly bullish case, the pioneer crypto could clear this barricade to establish a new peak price.
The RSI (Relative Strength Index) position at 62 supports this outlook, showing that BTC has not been overbought. However, its lower highs point to fading momentum, threatening Bitcoin’s short-term upside potential.
Conversely, if the bears have their way, the Bitcoin price slipping below the lower boundary of the pennant could exacerbate selling pressure.
However, if the price holds above the lower boundary of the fair value gap (FVG) at $112,060, or more closely, the 50-day SMA (Simple Moving Average) at $111,673, BTC could rebound.
Ideally, the FVG between $112,060 and $115,221 would serve as a downward pull for the BTC price until the imbalance is filled.
However, on July 25, the price dipped to test this level, balancing the inefficiency, effectively eliminating the FVG as part of the downward pressure.
Byte-Sized Alpha
Here’s a summary of more US crypto news to follow today:
- How Hyperliquid is quietly beating Robinhood at its own game.
- Cardano’s Hoskinson lauds the new stablecoin, which is touted as “more advanced” than USDC.
- CoinDCX employee linked to $44 million crypto theft. Everything you need to know.
- Strategic Ethereum reserve surpasses $10 billion, amid rising institutional interest.
- SEC opens door for more crypto ETFs—But there’s a catch.
- US Dollar Index (DXY) hits 2-month peak as Fed holds rates steady.
- FOMC report causes Bitcoin dip: Will sell-side pressure drag prices lower?
- Kraken and Robinhood post strong YoY gains despite Q2 cooldown in crypto activity.
- PUMP soars 15% as buyback wallet fills with 12,000 SOL.
Crypto Equities Pre-Market Overview
| Company | At the Close of 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%) |
| MARA Holdings (MARA) | $16.55 | $16.76 (+1.27%) |
| Riot Platforms (RIOT) | $13.52 | $13.71 (+1.41%) |
| Core Scientific (CORZ) | $13.06 | $13.50 (+3.41%) |
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