Bitcoin is making a strong move today hinting at a possible trend reversal as its breaches past the 50-day moving average.
It is very rare for Bitcoin to decouple from the rest of the market, especially for the most prominent altcoins.
Michael Saylor that his company Microstrategy will continue to add more Bitcoin. He believes that buying MSTR stock is the best way to seek exposure to Bitcoin instead of any Bitcoin futures or ETF products.
The price of Bitcoin is currently on a downwaslope after bulls failed to get it past the technical resistance trendline.
The company started buying Bitcoin in August 2020 to use it as a treasury hedge instead of the US Dollar and has since been instrumental in bringing Bitcoin to institutional corporations and public companies including the likes of Tesla and SpaceX.
Speaking on this new delay, Blockchain Association official Jake Chervinsky said that the SEC has a new deadline on August 14.
Jack Dorsey believes Bitcoin has the power to become the internet’s native currency.
BTC briefly accounted for almost 42% of the overall crypto market cap in late January, according to the statistics from CoinMarketCap and TradingView.
While the firm is all about pushing for the launch of a Bitcoin ETF, it is also investing in the public in advance to gain a good grasp of the technology backing digital currencies.
Based on the European carbon credit market, you will need $197 to offset 2.2 tonnes of CO2 annually. With Bitcoin currently trading at around $37,000, it is a negligible amount.
At present, El Salvador now has about 1,800 Bitcoins which it purchased at an average price of $36,585 per BTC.
Banking giant Morgan Stanley reported that 50% price corrections in Bitcoin have been a thing of the past as well. It mentions some key levels on the upside and downside for investors to watch.
The Enterprise Analytics event will present “bold new ways” to think about analytics and business intelligence, as well as showcase firms that have exploited data as a strategic differentiator.
Some analysts also believe that the selling pressure from adverse macro factors will end Bitcoin’s long-term bullish outlook.
The Internet Computer released a roadmap for the new year which reveals plans to roll out integrations with BTC and ETH by the end of 2022.