Bitcoin Trades Around $73,856.96 as Bitget Flags Mayer Multiple Z-Score Undervaluation

Bitcoin (BTC) traded around $73,856.96 and swung in a tight range during the early hours of the U.S. session on Wednesday, with declines bought back and rebounds erased quickly.

“Bitget App Trade smarter Buy cryptoMarketsTradeFuturesEarnSquareMore Bitget News Bitcoin’s Mayer Multiple Z-Score: A Strategic Buy Signal Amid a Maturing Market Bitcoin’s Mayer Multiple Z-Score: A Strategic Buy Signal Amid a Maturing Market 2025/08/30 04:30 By:BlockByte BTC+0”

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CoinDesk said BTC lost its overnight push above $68,500, fell below $67,000 at the start of U.S. trading, rebounded to $68,300, and then returned to $67,000.

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In a separate analysis, Bitget said Bitcoin’s Mayer Multiple Z-Score was -0.3 in August 2025, with Bitcoin trading at $113,508.55 versus its 200-day moving average at $100,465.20.

Bitget described the negative Z-Score as indicating undervaluation relative to the long-term trend, and said the Mayer Multiple stood at 1.13 as of August 2025.

Bitget also framed the metric as a “strategic buy signal” for contrarian value investors, while CoinDesk tied crypto price moves to cross-currents from traditional markets and geopolitical tensions.

CoinDesk reported that some cross-currents came from traditional markets, including a steadier tone for risk assets as concerns about AI-related disruption in the tech sector eased.

It said the iShares Expanded Tech Software ETF (IGV) rose 1.9% in early trading, with the Nasdaq Composite up 1.3% and the S&P 500 up 0.85%.

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CoinDesk also said geopolitical tensions resurfaced as traders priced in a potential escalation between the United States and Iran, with Polymarket traders assigning more than a 50% chance the United States will strike Iran before March 15.

In the same CoinDesk report, crypto-related stocks were higher, with Coinbase (COIN), Circle (CRCL) and Galaxy (GLXY) rising 3% to 5%.

Bitget, meanwhile, argued that a “mature market” with reduced volatility and reduced speculative trading supports its view that a Z-Score below zero creates a statistical edge for long-term investors.

In Panama City, the Panama District Municipal Council unanimously approved an agreement authorizing the mayor’s office to sign an agreement with TowerBank to enable payment of municipal taxes using crypto assets.

“TowerBank will function as an intermediary that converts municipal tax payments made with cryptocurrencies into dollars”

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El País reported that Mayor Mayer Mizrachi celebrated that, for the first time in a Panamanian institution, citizens will be able to pay their obligations and contributions in crypto.

The Council clarified that the use of cryptocurrencies will be voluntary and that it will not replace other payment methods, and it said the measure will not entail any additional cost for the local government.

El País said TowerBank will function as an intermediary that will receive tax payments in crypto assets and convert them into dollars that will subsequently be transferred to the local government.

The article also quoted Cristóbal Pereira, director for Latin America at the Digital and Blockchain Chamber of Commerce, arguing that blockchain technology provides security because “full traceability in payments is possible,” while noting that Tower Bank has its headquarters in the Cayman Islands.