In brief Bitcoin treasury firm Strategy bought 250 $BTC for $21.5 million last week, at an average price of $86,194 per coin, bringing its holdings to 848,250 $BTC. The company also repurchased 1.93 million shares of its STRC preferred stock for $192.4 million. Strategy funded the Bitcoin purchase mainly by selling $21 million of MSTR
Bitcoin ($BTC) gave back early-week gains into Monday’s Wall Street open as doubts compounded over a Russia-Ukraine “energy ceasefire.” Key points: Bitcoin reached $84,250 before falling 2.2% amid market nerves over oil supplies and the Russia-Ukraine “energy ceasefire.” Analysis saw too much “risk premium” priced in to oil markets in the face of improving shipping
Bitcoin ($BTC) starts the third week of October by defending support at $82,500 ahead of key US inflation data. Key points: US CPI print on Wednesday and PPI data on Thursday provides the week’s major risk-asset volatility catalyst, with markets seeing CPI at 3.7% year-on-year. Oil prices react to the US plan to buy Russian
After surpassing $84,000 during the day, Bitcoin retreated back to $82,000, and the recent recovery has shifted attention to critical resistance levels. At this point, the analysis firm QCP Capital states that Bitcoin has found strong support around $80,000 and the most critical resistance ahead is $87,000. The analyst also notes that if BTC experiences
With Bitcoin surpassing the $80,000 level, assessments suggesting a potential bottom for $BTC have increased. While October and November are often cited as possible bottoming points, CryptoQuant has released a new bottom analysis. Bitcoin Could Bottom Out in October! As the US midterm elections approach, signs are strengthening that Bitcoin may bottom out in October.
Bitcoin, the leading cryptocurrency, has climbed back above $84,000 despite hundreds of millions of dollars in capital outflows from US spot Bitcoin ETFs. According to SoSoValue data, US spot Bitcoin ETFs recorded a total net outflow of $681 million last week, their highest weekly outflow since June. However, according to market analysts, the decline in
Bitcoin price has recovered above $84,000 on October 12, but weakening institutional demand, elevated Treasury yields and resistance near $85,000 have continued to limit its gains. According to TradingView data, Bitcoin ($BTC) was trading at approximately $84,234 at the time of writing, up around 0.55% on the daily candle. The cryptocurrency reached an intraday high
Jeonbuk Bank has begun making won loans to corporate borrowers against Bitcoin held by a specialist custodian. A drop in $BTC does not put coins on the bank’s own balance sheet. It does, however, test the lender’s valuation, collateral monitoring and ability to recover cash through a court supervised sale. The initial report from Edaily