Disclaimer: The analyst who wrote this article owns stock in MicroStrategy and Semler Scientific (MSTR).Michael Saylor’s MicroStrategy (MSTR) has increased its Bitcoin (BTC) holdings for the 10th straight week.In the week ending January 12, MicroStrategy purchased 2,530 BTC for $243 million, bringing its total holdings to 450,000 BTC. The average price of recent Bitcoin purchases was $95,972. The overall average purchase price of the company’s current holdings is $62,691.Chairman Michael Saylor once again teased an announcement about X on Sunday.Shares are down nearly 5% in pre-market action, along with a similarly sized drop in the price of Bitcoin, which is…
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Bitcoin (BTC) is down 3% over the last 24 hours and down 8% over the past week. However, market analysts say such declines are not unusual for BTC in January. Therefore, the bull market could resume, and based on key technical indicators, the Bitcoin price could potentially peak in mid-July 2025.BTC/USD daily chart. Source: Cointelegraph/TradingViewBitcoin price could peak in summerBitcoin remained in a price consolidation range for four weeks following a sharp rise in 2024, reaching a new all-time high of $108,268 on December 17, according to data from Cointelegraph Markets Pro and TradingView. The price has since fallen 14%…
In Argentina, opinions on cryptocurrency are mixed. Because legislative elections determine which Congress will define the direction of the industry. Argentina Defines Cryptocurrency Path in Upcoming Legislative Elections Argentina is nearing a crossroads that could define cryptocurrency legislation in the future. This general election is scheduled (…)
The price of TRON is at a critical support level that could signal a breakout or correction. Market sentiment and institutional activity could play a big role in TRON’s next move TRON stands at a crossroads, hovering just above the 1-year MA +2 sigma level. This is a key threshold that has historically marked major price reversals and turning points in the psychological battle of both bulls and bears. As TRON approaches this important test of support, the question on every trader’s mind is whether history will repeat itself. Or is the market now poised for an unprecedented breakout? Key…
Bitcoin (BTC) rises above $95,000, indicating that bulls are maintaining buying pressure. Grayscale research director Zach Pandl told Cointelegraph that Bitcoin is “held back by the strength of the U.S. dollar,” but with the U.S. presidential inauguration just around the corner, he expects this setback to be short-lived. I did it. Pandl sees a “structurally optimistic outlook for crypto valuation.”One of the bullish events receiving attention is the possibility of securing strategic Bitcoin reserves in the United States. CoinShares said in a blog post that if the Bitcoin Act passes, it “will have a more profound long-term impact on Bitcoin”…
Key Takeaways Bitcoin had its worst weekly performance due to the strength of the dollar and Trump’s potential tariff plans. Despite the short-term challenges, the long-term structural tailwinds for Bitcoin and digital assets remain intact. Share this article Bitcoin’s more than 45% rally since the November 5 presidential election has already run out of steam. Analysts expect more disruption ahead as President-elect Donald Trump’s proposed tariff plan and strong employment numbers push bond yields higher, strengthen the dollar and put pressure on digital assets.“Bitcoin’s problem right now is the strength of the dollar,” Zach Pandl, head of research at Grayscale…
A gaming blockchain built on Ethereum (ETH) is teaming up with a cryptocurrency conversion service to simplify how traders purchase non-fungible tokens (NFTs) and digital assets. According to a new press release, Play-to-Earn gaming platform Ronin (RON) has partnered with Transak, a platform that allows investors to purchase NFTs and the ecosystem’s tokens using debit and credit cards just like they buy anything else online. It has been concluded. . “Transak’s fiat-to-cryptocurrency infrastructure is now live on Ronin, giving users the ability to transfer RON, USDC, Wrapped Ethereum (WETH) and Smooth Love Potion (SLP) directly to fiat using credit cards,…
Toncoin surpassed Bitcoin in 2024 as TVL rose to record highs. TON has surged 144.52% over the past year. While Toncoin (TON) is currently struggling to post a sustained upward trend on the charts, the altcoin has seen significant gains throughout the year. For example, on the yearly chart, TON was trading at $5.38, up 144.52% at press time. Simply put, it has emerged as one of the best-performing cryptocurrencies on the market during this period. Source: CryptoQuant However, Toncoin is expected to surpass Bitcoin (BTC) in 2024, according to CryptoQuant. Toncoin surpasses Bitcoin! According to CryptoQuant’s analysis, TON will…
Bitcoin price extended losses and traded below the $93,500 area. BTC is correcting its gains and may struggle to recover above the $95,000 level. Bitcoin began a new decline at the $95,500 resistance zone. The price is trading below $95,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a bearish trend line tying with resistance at $93,500. If it stays above the $91,200 support zone, it could start a further rise. Bitcoin price turns red below $95,000. Bitcoin price failed to begin a recovery above the $95,500 resistance level. BTC…