Disclaimer: The analyst who wrote this article owns shares in Strategy. Jim Chanos, the founder of Kynikos Associates who famously shorted U.S. energy giant Enron before it collapsed in 2001, has set his sights on Strategy (MSTR), arguing the bitcoin BTC$119,216.33 -buying company’s premium valuation over its holdings of the largest cryptocurrency is unjustified. Chanos
The correction has not lasted long, and all of the top 10 coins are in the green zone again, according to CoinStats. BTC/USD The rate of Bitcoin (BTC) has increased by 1.06% since yesterday. On the hourly chart, the price of BTC has made a false breakout of the local resistance of $119,239. However, if
Bulgaria’s 2018 sale of over 213,500 Bitcoin, now worth more than its entire public debt, sparks renewed discussion on crypto as a strategic reserve asset. The decision to liquidate these holdings reflects broader governmental challenges in managing volatile digital assets amid regulatory uncertainty and fiscal pressures. Alex Obchakevich of Obchakevich Research emphasizes Bitcoin’s volatility as
Crypto investment firm QCP Capital announced in its analysis report that Bitcoin experienced a short-term correction after surpassing the $120,000 level and is currently finding support around $115,000. QCP Capital: Bitcoin Pulled Back After Surpassing $120,000, But Market Still Structurally Strong As summer approaches, a seasonal decrease in trading volume is observed in the cryptocurrency
Bitcoin (BTC) pulled back sharply from its intraday high of $119,020 on Tuesday, July 16, after news broke of a significant Israeli military strike on the Syrian capital, Damascus. The cryptocurrency, which had been trading near record territory, dipped to $118,593, as the global market absorbed the implications of heightened geopolitical risk in the Middle
Bitcoin is currently trading around $119K after reaching a new all-time high above $123K just days ago. This historic breakout has come with aggressive momentum, flipping prior resistance levels into strong support. The overall structure remains bullish, but recent price action shows early signs of a potential short-term exhaustion. By ShayanMarkets The Daily Chart On
The Smarter Web Company, a London-listed digital agency specializing in web design, web development, and online marketing services, has acquired 325 additional Bitcoin at an average price of $112,157 per unit as part of its ongoing treasury policy, according to a new press release. The company now holds 1,600 Bitcoin with a total average purchase
Michael Saylor, the executive chairman of Strategy and probably the most vocal Bitcoin evangelist, let a single word do the talking today – and the market’s listening. In the post, Saylor was shown dressed like “The Dude,” wearing a robe. He wrote, “Bitcoin Abides” as the caption. The post’s timing is not random either. Bitcoin
Bitcoin is trading at $118,847, with a market capitalization of $2.36 trillion and a 24-hour trading volume of $60 billion. Over the past day, its price ranged between $116,094 and $119,248, revealing a tight consolidation pattern following recent bullish activity. Bitcoin The daily bitcoin chart indicates a bullish breakout from a low of $98,240 toward
Bitcoin (BTC) retreated to the $116,000 level yesterday after its rapid rise, following inflation data that exceeded expectations. However, BTC has since partially recovered and returned to the $117,500 level. While investors are wondering which direction Bitcoin and cryptocurrencies will go, data on the US Producer Price Index (PPI) was released today. The data disclosed