Auto Added by WPeMatico

MicroStrategy’s Monday Streak Continues With 5,262 BTC Purchase

MicroStrategy has extended its Monday bitcoin acquisition streak with another purchase announced by co-founder Michael Saylor minutes ago. This time, the company was slightly more modest by allocating less than…

Continue ReadingMicroStrategy’s Monday Streak Continues With 5,262 BTC Purchase

Bitcoin Struggles at $96K, Will Crypto Correction Worsen This Week? (Market Watch)

Bitcoin’s struggles continue as the asset fails to initiate a notable recovery, and its price is still below or around $96,000. The altcoins are not in great shape either, with…

Continue ReadingBitcoin Struggles at $96K, Will Crypto Correction Worsen This Week? (Market Watch)

Bitcoin’s 15% Weekly Drop Results in Massive FUD: Here’s Why That’s Good News

TL:DR; After several consecutive weeks of charting impressive gains, BTC’s price tumbled by 15% from top to bottom last week and has failed to produce a notable recovery. The crowd…

Continue ReadingBitcoin’s 15% Weekly Drop Results in Massive FUD: Here’s Why That’s Good News

CryptoQuant Says Bitcoin Demand is ‘Eating’ Available Inventory, Here’s How

With the crypto market halfway through this bull cycle, the amount of bitcoin readily available for sale is shrinking faster relative to demand growth. On-chain analysis by the market intelligence…

Continue ReadingCryptoQuant Says Bitcoin Demand is ‘Eating’ Available Inventory, Here’s How

Chinese Auto Dealer Dives Into Bitcoin Mining With $256M Investment

Shanghai-based car dealership Cango Inc. has pivoted to Bitcoin (BTC) mining, announcing a $256 million acquisition of 32 exahashes per second (EH/s) in hashrate from Bitmain Technologies. In November, the…

Continue ReadingChinese Auto Dealer Dives Into Bitcoin Mining With $256M Investment

Bitcoin Eyes $99K as Altcoins Produce Double-Digit Gains: Recovery Weekend Watch

After a few consecutive days of price slumps, bitcoin’s trajectory has finally reversed as the asset popped above $99,000 earlier today. The altcoins are also in the green following the…

Continue ReadingBitcoin Eyes $99K as Altcoins Produce Double-Digit Gains: Recovery Weekend Watch