Bitcoin’s 200-day moving average (MA) is closing in on challenging its previous high of $49,452 set in February 2022. According to historical data, when this average exceeds its previous peak, it often signals the beginning of the most vigorous phase of the bull cycle. Bitcoin entered a bullish phase above the 200-day simple moving average…
Bitcoin has set a new all-time high, trading above $90,000 this week, driven by strong institutional demand and growing market optimism. A big boost came from MicroStrategy, which purchased nearly 25,000 BTC for $2 billion under the leadership of CEO Michael Saylor. Saylor called Bitcoin “the best hedge against inflation,” reaffirming the company’s strategic focus…
Bitcoin, the leading cryptocurrency, has always divided opinion. Critics often cite its volatility and origins as reasons for skepticism, while its supporters defend its potential as a revolutionary asset. Recently, Bitcoin surpassed the $100,000 milestone, and Federal Reserve Chairman Jerome Powell added fuel to the bullish fire by comparing Bitcoin to gold during a public…
MicroStrategy is making waves in the cryptocurrency world once again, adding another $2.1 billion worth of bitcoin to its already substantial holdings. This latest purchase increases the company’s total bitcoin stock to an impressive 423,650 BTC, currently valued at around $41.5 billion. This move cements MicroStrategy’s status as a key player in the institutional bitcoin…
MicroStrategy, one of Bitcoin’s biggest supporters, has made another massive investment, purchasing $2.1 billion worth of cryptocurrency. This brings the company’s total Bitcoin holdings to 423,650 BTC, with a current value of around $41.5 billion. Michael Saylor, CEO of MicroStrategy, explained that Bitcoin is the best option to protect digital value over time. This purchase…
Bitcoin faced a sharp decline on a turbulent trading day that coincided with the inauguration of Donald Trump as the 47th president of the United States. Late on Monday in New York, Bitcoin was trading around $103,700, down from its previous all-time high of $109,241. Traders are expecting pro-cryptocurrency policies under Trump, buoyed by expectations…
Cryptocurrency markets soared after President Donald Trump revealed plans for a strategic crypto reserve in the United States. This initiative, announced on Truth Social, aims to strengthen the digital asset industry by including bitcoin (BTC), ether (ETH), XRP, SOL from Solana and ADA from Cardano. The move is seen as a major shift in U.S….
Bitcoin remains a focal point in financial and political discussions as the White House Crypto Summit approaches. Market speculation is growing over whether the US government will announce a Bitcoin Strategic Reserve, a move that could reshape digital asset policies. Meanwhile, concerns about new tariffs on imports from Canada and Mexico have added to market…
Bitcoin closed almost 7% discount to its historical maximum, falling to the range of $ 114,000, since more than $ 9 billion left the cryptography market. But as August begins, analysts point out a renewed purchase activity of the USA, a more visible change in the broad premium of Coinbase, suggesting that institutional capital can…
