Michael Saylor, co-founder of Strategy, clarified that the company's authorization to sell up to $5 billion in Bitcoin was part of a previously announced BTC Monetization Program from June, not a reaction to their Q2 loss. He emphasized that Strategy never had a "never sell" policy and that the program does not mandate any Bitcoin sales. Despite pausing weekly Bitcoin purchases for five weeks to build USD reserves and buy back stock, Strategy expects to remain a net buyer of Bitcoin over time. Currently, Strategy holds 843,775 BTC, and market sentiment now doubts they will reach 1 million BTC by year-end due to the recent pause in buying and some sales this year.
Bitcoin has formed a golden cross pattern, where its 50-day moving average crosses above the 200-day moving average, signaling a shift from bearish to bullish momentum. This technical indicator often precedes significant price increases, with past oc...
Analyst Andrey Poroshin from Bitbanker predicts Bitcoin will drop to around $60K in August due to a lack of macroeconomic support and passive Federal Reserve policy. The price is expected to recover to $70K later, despite this being below the U.S. mi...
Cryptocurrency prices are fluctuating with Bitcoin trading around $62,908 and Ethereum near $1,868. Some altcoins like SHIB and META have seen significant gains, with SHIB up nearly 9.63% and META surging almost 40%. Other coins show mixed performanc...
In July, American crypto ETFs, especially Bitcoin ETFs, recorded a net inflow of $172.4 million, ending two months of capital outflows after a tough second quarter. Despite a sharp outflow of $265.4 million on the last day of July, the overall monthl...
Bitcoin's bullish sentiment has plunged to its lowest level ever following a $70 million exploit of the Coldcard hardware wallet, a trusted tool for self-custody. This security breach has caused widespread fear among investors, leading bearish commen...
