Bitcoin remains under $26,000 as it enters a phase of consolidation, but on-chain data shows that whales are accumulating at every dip, with close to 60,000 BTC accumulated amid the recent price correction. Bitcoin's market dominance has also moved closer to 50% amid the recent crash in altcoin prices following the SEC's action.

Bitcoin is struggling to stay above the $26,150 support and could face further decline if it breaks the key $25,400 support. The cryptocurrency is currently trading below $26,000 and the 100 hourly Simple moving average, with a bearish trend line forming around $26,000.

The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. ADA has dropped below January lows and retested December lows, while Bitcoin has dropped to $25k again, exposing altcoins to more price dumps. ADA declined over 30% on the weekly front, but there was an attempt to reverse recent losses in the past 24 hours.

New data reveals that Microstrategy, a publicly-listed company, has seen a 14% decrease in the value of its 140,000 Bitcoin (BTC) holdings, which are worth approximately $4.2 billion. Data analyst Holger, from blockchaincenter.net, has released a dataset called "There Is No Second Best," which shows that if Microstrategy had invested in Ethereum (ETH) instead of BTC, the company's portfolio would have increased by 54% to $6.46 billion.

Long-term Bitcoin holders are not affected by the recent lawsuits filed against Binance and Coinbase by the SEC, according to data from Glassnode.

Mike McGlone, senior macro strategist at Bloomberg Intelligence, has expressed his bearish stance on Bitcoin despite its strong performance in the first half of the year.

More than half of the bitcoin held by crypto firms for their customers has moved to offshore and international exchanges due to unclear regulations in the United States.

Binance's recent regulatory issues have caused fear, uncertainty, and doubt among cryptocurrency investors, but this should not deter them from exploring buying opportunities in promising projects such as Avorak AI, Fantom, and Bitcoin.

Bitcoin experienced a significant drop in value, although not as severe as many alternative coins, which plummeted by double digits.

El Salvador's decision to adopt Bitcoin as legal tender in September 2021 caused a stir in the cryptocurrency industry, with some applauding the move and others warning of potential risks. The impact of the decision has been mixed, with increased Bitcoin adoption in the country but also challenges such as the loss of value in Bitcoin reserves and theft by hackers. Despite these challenges, El Salvador remains committed to its Bitcoin experiment, and other nations are considering following suit. The decision marks a significant turning point in Bitcoin history, with potential global economic impacts. However, it is important to conduct research before investing in cryptocurrency.