Bitcoin

Microstrategy (MSTR) has “outperformed every asset class and big tech stock” since the company adopted a bitcoin strategy and started accumulating the cryptocurrency in its corporate treasury, says CEO Michael Saylor. The pro-bitcoin executive will be stepping down as the CEO of Microstrategy and take the role of the company’s executive chairman to focus on bitcoin. Microstrategy’s Performance Since Adopting Bitcoin Strategy The Nasdaq-listed software company Microstrategy… Source link

Text size Crypto prices have been on a tear over the past month, with Bitcoin gaining almost 25%. Dreamstime … Source link

According to the data from Cryptoquant, Bitcoin miners now own more BTC than ever before. The analytics firm confirmed that BTC holdings of miners drastically increased in the month of July. This comes amid a broader market recovery that was witnessed in July. According to CryptoQuant contributor and analyst Jan Wuestenfeld, miners now hold a total of 1,865,272 BTC, as of the 29th of July. However, the beginning of August did see a slight decline, with total holdings coming in at… Source link

Fifty-one days have passed since Bitcoin (BTC) last closed above $24,000, causing even the most bullish trader to question whether a sustainable recovery is feasible. However, despite the lackluster price action, bulls have the upper hand on Friday’s $510 million BTC options expiry. Bitcoin index/USD 1-day price. Source: TradingView Investors have been reducing their risk exposure as the Federal Reserve raises interest rates and unwinds its record $8.9 trillion balance sheet. As a result, the… Source link

Text size Crypto prices have been on a tear over the past month, with Bitcoin gaining almost 25%. Dreamstime … Source link

Bitcoin (BTC) saw volatility after the Aug. 2 Wall Street open amid ongoing market reactions to tensions between the United States and China. BTC price U-turns as Pelosi lands in Taipei Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking above $23,000 on the day as news came in that Nancy Pelosi, speaker of the U.S. House of Representatives, had landed in Taipei, Taiwan after warnings of retaliation from Beijing. The visit, which had raised concerns of a major incident… Source link

Ethereum was once again trading in the red, as prices of the token fell below $1,600 during today’s session. Tuesday’s drop is the fifth consecutive day that prices of the cryptocurrency have moved lower. Bitcoin also extended its streak of declines, falling under $23,000 in the process. Bitcoin Bitcoin (BTC) was lower for a fifth straight day, as prices of the token slipped below $23,000 in today’s session. Following a peak of $24,121.64 to start the week, the world’s largest… Source link

Bitcoin (BTC) is pressuring newly-won support levels this week as geopolitical uncertainty raises the stakes for risk assets. After an impressive monthly close, momentum appears to be waning for Bitcoin’s latest gains, data from Cointelegraph Markets Pro and TradingView shows, and stock markets are not helping the bulls. Volatility was cool as August began, but angst over a potential showdown between the United States and China over House Speaker Nancy Pelosi’s visit to Taiwan is already… Source link

Bitcoin Valley, the first bitcoin city in Honduras, has launched in Santa Lucia. Businesses in the area will accept bitcoin for payments. “In Santa Lucia, we are all going to participate in this project … Accepting bitcoin will open us to another market and win more customers,” said a local business owner. Bitcoin Valley: First Bitcoin City in Honduras Bitcoin Valley, the first bitcoin city in Honduras, has launched in the small Honduran tourist town of Santa Lucia, located 20… Source link

On the macroeconomic front, things will be relatively quiet to start the week, although on Monday the Institute of Supply Management released a survey showing that manufacturing in the U.S. slowed down in June. Construction spending declined by 1.1% in June from May, missing estimates. The purchasing managers index, however, exceeded estimates with a reading of 52.8. A reading above 50 indicates that manufacturing is expanding, and a reading below 50 indicates that manufacturing is contracting. Source link