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Home/News Feed/Bitcoin dips below $65K as Trump Media buys 4,662 BTC amid Q2 losses

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Bitcoin dips below $65K as Trump Media buys 4,662 BTC amid Q2 losses

Market News

11 Aug 2026

AMBCrypto

View Source

Neutral

Bitcoin slipped below the $65,000 level after stabilizing there for a month, with mixed signals from traders and weak network activity making recovery uncertain. Despite a $238 million loss in Q2, Trump Media invested heavily in Bitcoin, adding 4,662 BTC worth over $293 million, bringing their total holdings to 14,139 BTC valued at $900 million. Institutional inflows and some short-term trader activity suggest demand, but subdued liquidity and declining network metrics indicate a transitional phase. Bitcoin's price could reclaim $65K if support holds, but a drop below $60K would signal a bearish trend.

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