Coinbase CEO Says Bitcoin Has Bottomed

Coinbase CEO Brian Armstrong believes Bitcoin has officially hit its bottom in the current cycle and anticipates a rise in its price over the next two years. In a recent interview, Armstrong stated, "I personally think we've seen the bottom of the Bitcoin price in this cycle." As the head of the Coinbase crypto exchange, he does not foresee another decline in Bitcoin's price until the next halving event, which is expected in approximately two years.

The MEXC exchange has launched a new feature called Earn Plus, offering up to an 800% APR booster for a limited time. Kalshi Exchange has expanded internationally in partnership with Alpaca Brokerage. Bitmine has accelerated the purchase of Ethereum to wrap up August. Strategy bought $370 million worth of Bitcoin last week. MEXC data shows Bitcoin has broken the $80,000 mark, with major asset spot trading volume surging by 300%.