In Brief MicroStrategy owns over 2% of Bitcoin’s supply, using debt and equity to amass 423,650 BTC worth $41.5 billion. Corporations like Riot and Marathon follow MicroStrategy’s lead, raising millions to expand Bitcoin treasuries. MicroStrategy legitimizes Bitcoin but raises risks of market instability and centralization with concentrated holdings. MicroStrategy, under the leadership of Michael Saylor,…
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In Brief Bitcoin’s MVRV long/short difference at 27.25% highlights bullish momentum, signaling potential gains above $103,900. The RHODL ratio confirms BTC hasn’t reached its cycle top, supporting the possibility of further price increases. A breakout from the bull flag pattern positions BTC for a potential rally to $112,500, with downside risk to $89,867. Since Bitcoin’s…
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In Brief VanEck predicts Bitcoin will hit $180K, Ethereum over $6K, and Solana $500 in 2025, with mid-term and year-end peaks. Bitcoin may drop 30%, altcoins up to 60%, followed by a strong recovery in the fall of next year. US states and countries like Russia and Canada explore Bitcoin reserves to diversify investments and…
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In Brief Marathon Digital purchased 11,774 Bitcoin for $1.1 billion, using funds from a zero-coupon convertible notes offering. Marathon now holds 40,435 Bitcoin, valued at $3.9 billion, aligning with a trend among major firms. The company supplements mining with direct BTC buys, mirroring moves by firms like Riot Platforms. Marathon Digital Holdings (MARA) purchased 11,774…
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In Brief Bitwise predicts Bitcoin reaching $200K and record highs for Ethereum and Solana in 2025. Coinbase may join the S&P 500, and MicroStrategy could enter the Nasdaq-100. Stablecoin assets are expected to double to $400B with U.S. legislation progress. Asset management firm Bitwise has issued ten highly optimistic predictions for the crypto market in…
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In Brief US Bitcoin ETFs hold over 1.1 million BTC, surpassing Satoshi Nakamoto’s estimated holdings. BlackRock’s IBIT leads with 521,164 BTC, followed by Grayscale and Fidelity. Total ETF assets exceed $109 billion, fueled by $33 billion in net inflows. Spot Bitcoin ETFs in the US now hold more Bitcoin than the estimated 1.1 million BTC…
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In Brief Bitcoin nears the historic $100,000 mark, driven by strong institutional interest and increased adoption. Long-term holders (LTHs) show signs of bearish sentiment, potentially triggering volatility and downward pressure. Bitcoin’s NVT Golden Cross remains neutral, signaling room for growth, with the $100,000 threshold in sight before profit-taking. Bitcoin is on the verge of reaching…
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In Brief BTC has slipped from its peak of $93,495 as long-term holders cash out over $3 billion, marking the largest sell-off in 5 months. Market indicators signal potential correction, with BTC’s MVRV ratio at 182.06%, hinting the coin may be overvalued. If selling continues, the next support level near $83,983 looms, though renewed demand…
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In Brief MicroStrategy is offering $1.75 billion in convertible notes, maturing in 2029, to buy more Bitcoin. On the same day, the firm acquired $4.6 billion in Bitcoin, following a $2 billion purchase the previous week. MicroStrategy’s Bitcoin-first strategy aligns its value with BTC, achieving record highs amidst the bull market. MicroStrategy Founder Michael Saylor…
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In Brief Bitcoin dominance drops to 60%, fueled by rising altcoin performance, including Bonk and XRP, and a growing altcoin season index of 39. Extreme Greed sentiment on the Crypto Fear and Greed Index signals a potential Bitcoin price correction, opening doors for altcoin breakouts. Altcoin market cap hits $1.19 trillion; a continued BTC dominance…
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