More BitMEX Exchange Outflows Can Rally Bitcoin Bulls
Analysts noted that despite the rebound, BitMEX exchange outflows are the second largest, with observers attributing this to market sentiments. Experts in the cryptocurrency sector have viewed recent outflows from BitMEX as a bull sign for Bitcoin and other digital assets. The exchange saw significant asset transfers on July 5 and 6, which many have […]
MicroStrategy Announces 10-for-1 Split for its Common Stock
The board of directors of MicroStrategy has declared a 10-for-1 stock split of the company’s Class A and B common stock to enhance accessibility for investors and employees. MicroStrategy announced on July 11 that the stock division is intended to enhance the accessibility of its investors and employees. Class A and B stockholders will receive […]
Jerome Powell’s Testimony Puts Bitcoin (BTC) On Bullish Course
The Federal Reserve Chairman Jerome Powell’s pro-inflation stance has led to a bullish surge in the price of Bitcoin. The price surge for Bitcoin (BTC) may have been precipitated by the testimony of Federal Reserve Chairman Jerome Powell to the U.S. Senate, as the chart abruptly transitioned to green. Powell remains uncertain about the direction […]
VanEck calls for Bitcoin DCA Ahead of US election-fueled ATH.
VanEck, an asset manager, has recommended Bitcoin DCA (Dollar Cost Averaging) to investors on a note to optimize market trends. VanEck, an investment asset management firm, is advocating for a Dollar Cost Averaging (DCA) strategy for Bitcoin (BTC) in anticipation of the November election in the United States. Bitcoin Offloading by Mt.Gox, U.S., German Government […]
Metaplanet Buys Additional $2.5M Worth of Bitcoin
Metaplanet, a publicly-listed investment and consulting firm in Japan, expanded its Bitcoin treasury with its recent purchase and now holds 203,734 BTC. On July 7, Metaplanet explicitly announced on X that it had acquired 42,466 bitcoins for 400 million Japanese yen ($2.5 million). Metaplanet currently possesses 203,734 BTC, the average price of which was approximately […]