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Bitcoin News Roundup for July 30, 2020
With the price of bitcoin hovering near recent highs and some wondering whether we're poised for a pullback, CoinDesk's Markets Daily is back for your latest news roundup.
Updated Sep 14, 2021, 9:38 a.m. Published Jul 30, 2020, 4:00 p.m.
With the price of bitcoin hovering near recent highs and some wondering whether we're poised for a pullback, CoinDesk's Markets Daily is back for your latest news roundup.
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This episode is sponsored by Bitstamp and Crypto.com.
Today's Bitcoin News:
Bitcoin Looks Overbought but Analysts Play Down Drop Fears
Bitcoin's rally looks overstretched, according to a technical indicator, but short-term price consolidation looks more likely than a drop, say analysts.
A Crypto Derivatives Exchange Is Getting a Nasdaq Listing in Q3
Originally postponed due to the pandemic, EQUOS.io is still set to be the first crypto exchange on the Nasdaq.
Police Arrest 27 Alleged Masterminds Behind $5.7B Plus Token Crypto Scam
Chinese police have arrested 27 leaders and 82 others suspected of operating the Ponzi scheme.
Malaysia's Stock Exchange Eyes Blockchain for Bond Market Digitization
Known as Project Harbour, the initiative will use distributed ledger technology as a register for a bond marketplace.
For early access before our regular noon Eastern time releases , subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
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- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
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Galaxy Digital’s head of research explains why bitcoin’s outlook is so uncertain in 2026
Galaxy Digital’s Alex Thorn says options markets, falling volatility and macro risks make next year hard to forecast even as the firm keeps a bullish long-term view.
What to know:
- Galaxy Research, the research arm of Galaxy Digital (GLXY), says overlapping macroeconomic and market risks make bitcoin unusually difficult to forecast in 2026.
- The firm says that options pricing and volatility trends indicate that bitcoin is maturing into a more macro-like asset, rather than a high-growth trade.
- Galaxy maintains a long-term bullish outlook, projecting that bitcoin could reach $250,000 by the end of 2027.
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