Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
MicroStrategy
Bitcoin Price Rallies above $19,000 As Investors Target $20k
Bitcoin embarked on a rally in the last 24 hours after facing a correction and dipping below a key support level. Over the past week, Bitcoin has failed multiple times to surpass the $19,500 resistance level as it looks to make the next push in the bullish run. Most buyers have been waiting for the leading coin to make a breakout rally, but it has largely followed swing trading. Sellers have taken advantage of this and made significant profits, which…
5 years ago
Analyst Reveals Why Current Bull Run is Different from 2017 Bull Run
The current Bitcoin (BTC) bull run has been remarkable, with the leading coin surging in recent weeks and hitting milestones. Bitcoin recently broke its all-time high, and bets are open when it finally crosses the symbolic $20,000 mark. Different Reasons Unlike In 2017 influence Bitcoin Bull Run Although Bitcoin is hitting similar highs of 2017, the bull run is different, according to Pierce Crosby, CEO of TradingView. In a recent interview, Crosby shared his thought on the current bullish run…
5 years ago
Microstrategy earns $100 Million from Bitcoin Investment in Just 2 Months
According to a tweet, Microstrategy Inc. has earned $100 million from its Bitcoin investment in the last two months. This is $22 million higher than the amount ($78 million) the company has earned from its business operations in the last 3.5 years. The Nasdaq-listed company currently owns 38,250 Bitcoins worth over $526 million as the BTC price rallies higher than $13.5k. [caption id="attachment_19121" align="aligncenter" width="1920"] Source: Kevin Rooke (@kerooke) via Twitter[/caption] Bitcoin - a new capital investment strategy As per…
5 years ago
MicroStrategy Increases Bitcoin Holdings – What Does This Mean?
Two weeks ago saw another major development in the Bitcoin sector after the world’s largest independent publicly-traded business intelligence company, MicroStrategy, completed the purchase of 16,796 more Bitcoins. The decision follows a similar maneuver a month earlier. In total, MicroStrategy is now the proud owner of 38,250 Bitcoin. In total, this latest round of Bitcoin investments aggregated out to $175 million, including fees and other expenses. The maneuver was part of the company's larger strategy to sure up reserves via…
5 years ago