In addition, Germany’s government recently deposited nearly 400 Bitcoins, worth approximately $25 million, into exchanges Kraken and Coinbase. This move follows a similar transfer of about 1,700 Bitcoins, heightening concerns about increased supply and potential market impacts.
However, some market pundits are still bullish on Bitcoin price’s trajectory in the long run. The experts have argued that the recent BTC dip would provide more buying opportunities for investors, which in turn could potentially drive the Bitcoin price higher. Despite that, it’s worth noting that popular crypto market analyst Ali Martinez warned of over $57.85 million liquidation if Bitcoin price hits the $63,7000 mark.
Furthermore, CoinGlass data showed that Bitcoin Futures Open Interest (OI) rose 0.84% to $32.62 billion in the four-hour time frame.
https://coingape.com/heres-why-bitcoin-btc-price-correction-isnt-over-54k-coming/
Earlier today, Bitcoin (BTC), the world’s largest cryptocurrency, briefly dipped below $59,000 before rebounding above the critical $60,000 support level. Popular crypto analyst Willy Woo explained that the recent Bitcoin price correction has helped eliminate excessive leverage in the market, though the correction process is not yet complete.
Despite this, speculators have continued to add new long positions leading to further liquidations in a cascading long squeeze. this led to the BTC price dropping further to $58,000 earlier today.
However, the analyst has further cautioned that Bitcoin is still not entirely out of the woods. The market still needs to figure out how much speculative excess has been flushed out so far. Without a significant reduction in the BTC futures position, the Bitcoin price won’t move upward sustainably.
Increasing utility for the Bitcoin network including new protocols like ordinals ensures that the network grows to support a secure web3 environment.
本帖最後由 sec2100 於 2024-6-26 19:23 編輯
The payments set to kick off on July 2 sent jitters across the crypto market as investors feared heightened volatility. Bitcoin and altcoins are already facing strong headwinds due to macro factors like interest rate cuts and investor weariness.
https://coingape.com/markets/bitcoin-price-what-to-do-as-mt-gox-btc-payments-threaten-crash-to-46000/
本帖最後由 sec2100 於 2024-6-27 20:23 編輯
https://coingape.com/is-apple-bu ... -with-cryptic-post/
發債買比特幣利率二趴多，MSTR還說蘋果也介入比特幣而且還買的不便宜
MicroStrategy Executive Chairman Saylor recently announced the purchase of an additional 11,931 BTC at an average price of about $65,883 per VRC. This acquisition follows MicroStrategy’s $800 million convertible notes offering. These convertible notes, set to mature in 2032 with a 2.25% interest rate, represent unsecured, senior obligations of the company. The interest will be paid semi-annually starting December 2024.
日本人有樣學樣…買240顆。
Adding to the excitement, recent movements in the crypto market highlight a growing trend of institutional investment in BTC. In the latest news, Japanese investment company Metaplanet, often referred to as “Asia’s MicroStrategy,” recently announced a significant Bitcoin purchase. On June 24, Metaplanet bagged ¥1 billion ($6.25 million) worth of Bitcoin, funded by a recent bond sale.
This purchase increases their Bitcoin holdings to over 240 BTC, valued at approximately $15 million at current prices. Earlier, the investment firm had made three such investments into BTC. Moreover, MicroStrategy also continues to boost its Bitcoin holdings.