Grayscale supports MicroStrategy's decision to sell over $3 billion in Bitcoin, arguing it could reduce the company's financing risks and restore market confidence. MicroStrategy faces significant dividend obligations and cash reserve declines, prompting a controlled Bitcoin sale to improve liquidity and reassure investors. This move marks a shift from MicroStrategy's previous buy-only strategy and could help stabilize Bitcoin's price by removing fears of a forced liquidation. Grayscale views this as a positive step for both MicroStrategy and the broader Bitcoin market.
Bitcoin briefly rose above $64,000 before settling in the low $63,000s, maintaining a 6% weekly gain despite Strategy selling 3,588 BTC worth about $216 million. This recovery follows a drop to near $58,000 in late June and shows resilience amid thin...
Bitcoin dropped to $61,391 following a large selloff by Strategy but quickly rebounded to around $64,529. The recovery is supported by bullish activity in options trading and inflows into spot Bitcoin ETFs, which added $56.3 million on July 6. Trader...
About $410 million in leveraged crypto positions were liquidated within 24 hours, driven mainly by Bitcoin and Ethereum losses. Long positions accounted for nearly 63% of liquidations, indicating traders betting on price rises were hit hardest. Howev...
Bitcoin prices rose sharply from about $58,250 on July 1 to nearly $64,000 by July 6, driven by optimism over Federal Reserve monetary policy. A weaker-than-expected U.S. jobs report showing only 57,000 new jobs fueled speculation that the Fed, now l...
Cryptocurrency prices are fluctuating with Bitcoin rising by 1.38% to $63,574 and Ethereum increasing by 0.51% to $1,786. Other coins show mixed results, with some like AAVE and DEXE seeing significant gains, while others like ADA and ZEC experience ...
