Bitcoin's price hovered near $63,069 following a 47% decline over the past year, with key support at $61,126 and resistance at $63,517. Michael Saylor highlighted that Strategy's STRC preferred stock, part of its digital credit products, returned 9% despite Bitcoin's losses, offering a 12% variable dividend paid semi-monthly. STRC aims to trade near its $100 par value, providing income and reduced downside risk compared to holding Bitcoin directly, though it carries issuer and liquidity risks. Market watchers will monitor Bitcoin's price movements and Strategy's dividend and repurchase activities to assess STRC's stability and future performance.
Bitcoin's 50-day moving average recently crossed above its 200-day average, a pattern known as a golden cross often seen as a buy signal. Historical data since 2014 shows that Bitcoin's price rose 90 days after eight out of eleven golden crosses, ave...
Raoul Pal, founder of Real Vision, predicts Bitcoin will outperform the Nasdaq 100 following recent interest rate hikes by the Federal Reserve and Bank of Japan. Despite expectations that higher rates would hurt Bitcoin, its price surged past $81,000...
ARK Invest CEO Cathie Wood responded to venture capitalist Jason Calacanis's claim that Bitcoin's recent price rebound is just a "dead cat bounce" and that the cryptocurrency has lost its technological edge. Wood argued that Bitcoin is far from dead ...
Billy Markus, Dogecoin's cofounder, posted an ambiguous message on X saying "we're so back?" during a crypto market recovery where major coins like Bitcoin and Ethereum rose 5% and 6% respectively. Dogecoin itself gained nearly 4%, but Markus did not...
Turkey's lira has fallen to a record low near 48.8 per dollar, pushing bitcoin's price to about 3.95 million lira. Despite a high central bank rate of 37%, inflation remains above 31%, eroding real returns for savers. Turkish households increasingly ...
