Craig Cobb: Bitcoin Is Drifting Lower, But the Best Trading Opportunities May Be Ahead

Craig Cobb: Bitcoin Is Drifting Lower, But the Best Trading Opportunities May Be Ahead

Author: Matt Diemer August 3, 2026 Duration: 8:10

Craig says Bitcoin is still grinding lower, but not with enough momentum to create consistently strong trading conditions. The market remains trapped between roughly $59,000 and $65,000, with most major cryptocurrencies either drifting sideways or producing only weak trends. Cardano is one of the clearer long setups after gaining more than 14% last week, while Hyperliquid continues to stand out on the short side with a cleaner daily downtrend. 


Craig remains mostly in cash and would welcome a more decisive move lower because it would create better trading opportunities and more attractive long-term buying levels. For now, he is watching for confirmation rather than forcing positions. Start your free 7-day trial of Market Intern at https://marketintern.com and subscribe to Craig’s free Tuesday newsletter at https://www.thegrowmeco.com. 


Happy Hodling, Everyone.


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Matt Diemer brings you the essential updates from the fast-moving world of digital assets with Daily Crypto News. Each episode is crafted to fit into your morning routine or commute, delivering a concise yet comprehensive overview in about twenty minutes. You'll hear clear explanations of major market movements, breaking regulatory developments, and significant technological shifts, all framed with a focus on practical insight for anyone following this space. The tone is straightforward and informed, cutting through the hype to highlight what actually matters for investors and the curious alike. By focusing on brevity and clarity, this podcast serves as an efficient daily briefing, ensuring you stay informed without getting overwhelmed by the constant noise. Tune in for a no-nonsense summary that connects the dots between market events, business implications, and the underlying technology, making the complex landscape of cryptocurrency more accessible one day at a time.
Author: Language: English Episodes: 50

Daily Crypto News
Podcast Episodes
August 7: Bitcoin Is Stuck. Institutions Keep Buying Anyway. [not-audio_url] [/not-audio_url]

Duration: 8:55
Bitcoin is still stuck in its long sideways range, but the buyers underneath the market are getting harder to ignore. Matt covers roughly $1.2 billion in Bitcoin whale accumulation and about $750 million in U.S. spot ETF…
August 5: Coldcard's Failure Is Becoming a $130 Million Disaster [not-audio_url] [/not-audio_url]

Duration: 9:43
Coldcard remains the dominant story as estimates of the hardware wallet exploit continue climbing. Researchers now believe at least 15 attackers were involved, with losses exceeding $100 million and possibly approaching…
August 3: Strategy Sells More Bitcoin [not-audio_url] [/not-audio_url]

Duration: 12:26
Strategy sold another 1,638 Bitcoin for roughly $105 million, while also raising about $290 million through common stock sales and maintaining billions in cash to cover preferred dividends. Matt questions whether the com…
July 30: Prediction Markets on  Robinhood [not-audio_url] [/not-audio_url]

Duration: 12:48
Robinhood generated more second-quarter revenue from prediction-market contracts than from either crypto or equities trading, showing how quickly event contracts are becoming a major business line. Binance.US now plans t…
July 29: Bitcoin Miners Are Becoming AI Companies [not-audio_url] [/not-audio_url]

Duration: 12:00
Core Scientific is rapidly shifting from Bitcoin mining toward AI data-center infrastructure after reporting $164.2 million in second-quarter revenue and announcing a major AMD partnership. Matt argues that this transiti…
July 28: Crypto Exchanges Are Shrinking [not-audio_url] [/not-audio_url]

Duration: 10:09
Crypto markets remain sluggish, with Bitcoin drifting around $63,000 as trading activity continues to weaken. Matt argues that the recent wave of exchange closures and layoffs—including BitMEX, BitMart, Momentum Labs, St…
July 27: Bitcoin Stalls at $65,000 as the Market Turns Mixed [not-audio_url] [/not-audio_url]

Duration: 7:58
Craig sees a mixed and largely directionless crypto market, with Bitcoin repeatedly struggling to move decisively above $65,000. After roughly three weeks of minimal progress, the weekly chart raises the possibility that…