This monthly report is authored by ARK’s CEO, Cathie Wood, ARK Analysts, Yassine Elmandjra and Frank Downing, and ARK Research Associate, David Puell.
Considering the market’s fast pace of change, ARK publishes The Bitcoin Monthly, an earnings report that details relevant on-chain activity and showcases the openness, transparency, and accessibility of blockchain data.
Topics Addressed in The Bitcoin Monthly July Report include:
- Bitcoin closed the month of July up 16.6%, rising from $19,965 to $23,325, its most significant gain since October 2021.
- After breaching its 200-week moving average, falling to the $17,000-$19,000 range, and bouncing off its 2017 all-time-high, bitcoin reclaimed its 4-year trend.
- Market contagion appears to be contained, as deleveraging subsides.
- Uncertainty over Fed policy continues to weigh on bitcoin’s recovery and outlook.
We hope you find this commentary useful.