Bitcoin to hit $30,000 in August? Yes, but $18,000 first!

14–26 July main events

  • Tesla sells 75% of its Bitcoin. By the end of Q2 2022, electric car maker Tesla had converted roughly 75% of its BTC into cash, worth $936 million, according to the report.
  • The Three Arrows Capital saga continues. Bankrupt hedge fund 3AC owes $3.5 billion to dozens of investors, according to a published court document.
  • Celsius submits a reorganization plan. According to the plan, creditors will be paid from the profits of the mining subsidiary Celsius Mining.
  • Crypto lending platform Vauld owes $402 million. Lending platform Vauld, whose operations have stopped, disclosed the amount of outstanding debt in court documents. Of the total $402 million, retail investors accounted for $363 million.

Price analysis

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