Bitcoin slid below the $71,000 mark in Asian hours Thursday as a renewed selloff in global technology stocks spilled into crypto markets, undercutting hopes of a sustained rebound after last week’s volatility. The world’s largest cryptocurrency fell as much as 7.5% over the past 24… Read More
Bitcoin exchange-traded funds saw fresh outflows on Tuesday even as ether- and XRP-linked products drew net inflows, indicative of a growing split in how investors are positioning across major crypto assets during the latest bout of market volatility. U.S.-listed spot bitcoin ETFs recorded roughly $272… Read More
Strategy (MSTR) continued its weekly bitcoin purchases, though last week’s acquisition was relatively small. Led by executive chairman Michael Saylor, the company purchased 855 bitcoin for $75.3 million, or an average price of $87,974 each. The purchases were funded via the sale of common stock,… Read More
Bitcoin BTC$77,317.26 is suffering from an identity crisis that has nothing to do with fundamentals and everything to do with shrinking attention spans. While gold rallied more than 12% and the S&P 500 ticked higher in the past 30 days, bitcoin slid more than 10%… Read More
Bitcoin’s dip to around $75,500 briefly pushed the price just below Strategy’s (MSTR) average purchase cost of roughly $76,037 per coin. That may sound alarming at first glance, and it technically puts Michael Saylor’s firm underwater on its bitcoin holdings, but it doesn’t fundamentally change… Read More
Where bitcoin trades from here: Expect patience before the next leg higher. Hougan expects bitcoin to trade sideways between roughly $75,000 and $100,000 in the first half of the year. “There’s still a lot of Bitcoin for sale around $100,000,” he said, pointing to options-market… Read More
