By Jordan Lyanchev Bitcoin dipped on a couple of occasions below $62,000 during the previous business week, prompted by Strategy’s largest sale to date and the renewed attacks in the Middle East. However, it recovered a lot of ground by the weekend and spent it trading sideways at around $64,000. Monday began with another nosedive […]
Tag: USD
Key highlights: JPMorgan called Strategy’s larger cash reserve a great sign for the market. The company increased its USD reserves to $3 billion after selling $466.7 million in shares. Bitcoin futures also recorded positive inflows even as spot BTC ETFs saw outflows. Analysts at JP Morgan said in a new research note that the new […]
By Jordan Lyanchev All eyes in the cryptocurrency community were on Strategy after last week’s sale and Michael Saylor’s cryptic message on X yesterday. On the positive side, the company didn’t announce a new BTC sale today. On the other hand, it didn’t increase its cryptocurrency exposure either. Instead, the firm’s former CEO and co-founder […]