Saylor Hints Strategy Bought More Bitcoin
Strategy’s Michael Saylor has hinted on X that the company bought more Bitcoin, even as its existing stash fell in market value when Bitcoin dropped another 3.8% over the weekend.
Strategy’s Michael Saylor has hinted on X that the company bought more Bitcoin, even as its existing stash fell in market value when Bitcoin dropped another 3.8% over the weekend.
Bitcoin’s odds of holding above $70,000 waver as spot BTC ETF outflows and sharp selling from US equities place the current crypto market recovery in peril.
Gold closed the March 16-20 trading week down 11%, its biggest weekly fall in 43 years, as the US continues its military efforts in Iran.
Bitcoin bulls attempt to establish support at $70,000 but rising concerns over the health of the US economy and inflation could chip away at the key price level.
The disruption to oil markets caused by the war in the Middle East has not been fully priced in by investors, who forecast a quick end to the conflict.
Charts suggest Bitcoin may remain range-bound, with $74,000 being the toughest resistance to overcome. Will altcoins drop their recent gains or continue to find buyers?
Analysts believe that Bitcoin might witness strong moves, causing another round of forced liquidations.
Bitcoin rallied above $70,000 as the longer-term panic selling from traders eased and global markets held stable despite the shadow of war in the Middle East.
Bitcoin chases its year-to-date range highs while altcoins crawl back from their recent lows.
Bitcoin and altcoins bounced off their respective support levels, highlighting traders’ dedication to buying large price dips.
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