What's Going On With Bitcoin?

Bitcoin (CRYPTO: BTC) has slumped from an all-time high of roughly $126,000 in October 2025 to around $60,000 today, and macro analyst Lyn Alden broke down exactly what's happening in a new July 7, 2026 interview with Natalie Brunell. Alden argued that Bitcoin has lost its "fastest horse in the race" status to AI and semiconductor stocks particularly memory-chip names as institutional capital rotates toward the AI infrastructure buildout. She noted that Bitcoin's decline since late 2025 has coincided with free-cash-flow compression among hyperscalers ramping AI capex, pushing investors away from BTC and gold alike. Alden warned that "there's nothing coming to save Bitcoin," meaning the asset must survive on its own merits rather than waiting for a policy catalyst, rate cuts, or a liquidity flood. In her view, Bitcoin is already trading near the bottom of its historical valuation range, this cycle has been defined by corporate adoption rather than retail participation, and stablecoins and tokenized real-world assets have failed to generate durable demand. Alden does not expect Bitcoin to reclaim all-time highs in 2026 but believes it moves back into fresh six-figure territory over the next couple of years if its long-term adoption path holds. On Strategy Inc. (NASDAQ: MSTR), which now trades around $92 and is down nearly 5% intraday, Alden said the company acted reasonably after volatility hit its STRC preferred stock (NASDAQ: STRC), currently around $85, well below the $100 par value. She cautioned, however, that Strategy should be careful in how it markets BTC-tied yield products given tail risks during sharp Bitcoin drawdowns. Alden also said she does not expect a massive liquidity "big print" in the near term only a gradual expansion of money supply which favors scarce, high-quality assets accumulated during periods of weak sentiment. --- #Bitcoin #BTC #LynAlden 🌐 Find more market-moving insights at https://www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. 🖥️ Want the same tools the pros use—without the $10K Bloomberg terminal? Benzinga Edge gives you real-time portfolio alerts, weekly stock picks, and pro-grade research in one command center. 👉 https://bit.ly/4unSKiB ------------------------------------------------------------------------------------ 📲 Follow us on socials @benzinga 🔔 Subscribe To The Channel: https://www.youtube.com/@Benzinga ------------------------------------------------------------------------------------ ⚠️ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes.