Strategy raised $206.61 million by selling 2.12 million shares of its STRC preferred stock, which trades at a $100 par value. The funds will be used to purchase approximately 2,536 Bitcoin at an average price of $81,471 each. This move follows the resumption of Strategy's ATM program and a recent $43 million Bitcoin acquisition. Despite criticism from economist Peter Schiff, Strategy continues to expand its Bitcoin holdings through equity offerings and preferred stock issuance.
Cosmos Hub (ATOM) led the top 90 cryptocurrencies by market cap with a 16.96% increase, reaching $2.02. This followed an earlier 18.13% gain on the same day, highlighting strong momentum. Other notable gainers included Bitway (12.45%), Polkadot (12.0...
Bitcoin briefly recovered to $83,000 after falling to a month-low of $80,308, pushing its market cap to $1.66 trillion. The rebound followed heavy outflows of over $700 million from spot bitcoin ETFs this week, signaling ongoing selling pressure from...
Bitcoin recovered 1.38% to $82,837 on Friday after dipping to $80,427 on Thursday, with the total crypto market cap rising 2% to $2.8 trillion. Despite the bounce, market sentiment remains cautious as the Fear & Greed Index dropped to a neutral 56 fr...
Bitcoin faced significant outflows from US spot ETFs, totaling $729 million over two days, signaling weakening demand. Bitunix analysts highlight $82,800 as a crucial level for Bitcoin to reclaim to confirm a recovery and potentially test $85,000 to ...
Bitcoin's price has bounced back toward $83,000 after dipping to around $80,400, with key support identified between $79,600 and $80,400. While daily momentum indicators show weakening upward strength, the weekly chart suggests a potential recovery i...
