Bloomberg: Traders are waiting to see whether MicroStrategy will continue to announce an increase in Bitcoin holdings on Monday
This article is machine translated
Show original
Odaily reported that as 2024 approaches, the Bitcoin rally triggered by the victory of US President-elect Trump in early November has stalled. Since hitting a record high in mid-December, Bitcoin has fallen by about $15,000. Pepperstone Group's head of research, Chris Weston, said Bitcoin's "momentum has deviated from the post-election trend," partly due to ETF fund outflows. Meanwhile, software maker MicroStrategy has been aggressively buying Bitcoin in recent weeks. Traders are waiting to see if the company will announce further Bitcoin purchases on Monday. Bitcoin has risen about 120% this year, outperforming traditional investments like global stocks and gold. Bitcoin has also more than doubled in 2023, recovering from the bear market. (Bloomberg) Yesterday, it was reported that Michael Saylor has released Bitcoin Tracker information for the eighth consecutive week, which may suggest he is planning to increase his BTC holdings again.
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share