Analysts warn MicroStrategy’s plan to fuel Bitcoin buys with debt could backfire
Analysts warn MicroStrategy’s plan to fuel Bitcoin buys with debt could backfireJPMorgan analysts believe MicroStrategy's debt-funding approach to Bitcoin purchases could worsen a market downturn.
Happy Saturday!The global crypto market cap is $2.6 trillion, with a 24-hour volume of $140.52 billion. The price of Bitcoin is $68,346.16, and BTC market dominance is 51.7%. The price of Ethereum is $3,675.47, and ETH market dominance is 17.0%. The best-performing sector is Agriculture, which gained 11%. The Crypto Fear & Greed Index is currently Greed (81). Top News
Analysts warn MicroStrategy’s plan to fuel Bitcoin buys with debt could backfireJPMorgan analysts believe MicroStrategy's debt-funding approach to Bitcoin purchases could worsen a market downturn. Grayscale amends Ethereum ETF filing, says investors ‘want and deserve’ the fundThe asset manager expanded its comments on market correlation as well as share creation and redemption. AI crypto traders take profits pushing tokens down up to 20% after scorching 2024 rallyMarket dip hits AI crypto sector as rally cools amid increased spotlight. Latest InsightsMore News
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How Bitcoin’s road to new ATH was reflected in on-chain dataCryptoSlate's latest market report dives deep into on-chain data to better understand the market forces leading up to, during, and after Bitcoin's journey to the new ATH.
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Bitcoin’s sudden price correction wipes out over $666 million from long traders in 24 hours
Friday, March 15, 2024
Market observers explained that the major Bitcoin price correction was caused by inflation fears. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Court rules Craig Wright is Not Bitcoin creator Satoshi Nakamoto
Friday, March 15, 2024
In a bench ruling the judge also affirmed that Wright did not write the Bitcoin whitepaper ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Bitcoin hits new $73.6k all-time high as ETF influx surpasses $1 billion
Wednesday, March 13, 2024
BlackRock's iShares Bitcoin ETF leads with $849 million inflow as BTC price soars to above $73000. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Saylor says Bitcoin will ‘eat gold’ in the coming months
Tuesday, March 12, 2024
Saylor said Bitcoin is a far superior when compared to any other conventional asset, including gold, real estate and equities. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Bitcoin leverage above $66k wiped out creating new floor for higher price discovery
Monday, March 11, 2024
Recent Bitcoin market sweep sets stage for organic price discovery above $50k with $27B leverage support. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Monday, November 25, 2024
MicroStrategy has truly hatched the biggest golden egg in this crypto cycle, with paper profits exceeding $15 billion in less than two years. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Friday, November 22, 2024
Galaxy's CEO also warned that the market is currently heavy with leverage, with a correction until $80000 being possible after the $100000 is surpassed. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏