MicroStrategy has expanded its cryptocurrency holdings, purchasing an additional 1,665 bitcoin at an average price of $85,681. The acquisition brings the company's total bitcoin reserves to 847,666, according to a recent company filing.
Bitcoin has fallen to $83,119, breaching short-term support as technical indicators like the MACD and RSI turn bearish. Analysts are now watching the critical support zone around $81,194 for the next major price move.
Bitcoin's price fell below $83,100 on Monday, pressured by a sharp rise in U.S. Treasury yields to 19-year highs and persistent U.S.-Iran tensions that are souring investor appetite for risk assets.
Bitcoin is on track to close its second-strongest third quarter in history, with a gain of over 43%, supported by robust spot trading activity and renewed calls for greater institutional adoption.
The leading cryptocurrency is set to close its second-best third quarter on record, with a gain of over 43%, supported by strong spot trading and institutional interest.
The leading cryptocurrency is caught in a tug-of-war, with strong institutional demand via spot ETFs providing support against headwinds from U.S. Treasury yields reaching their highest levels since 2007.
Bitcoin is holding steady around the $84,000 mark, with significant institutional investment through spot ETFs being offset by pressure from multi-year highs in U.S. Treasury yields.
Bitcoin's price momentum has stalled, trading flat around $84,000 as investors assess pressure from surging U.S. Treasury yields and the fallout from a major security breach at the Bitget exchange.
The crypto platform has announced its agenda for TOKEN2049 Singapore, which includes a new 'Fast Track Program' for wallet developers and a keynote address on simplifying crypto for mass adoption.
