Bitcoin: One More Try 50K?
Bitcoin attempted to break out coming into the New Year holiday establishing a higher high at 45922 followed by a SWIFT rejection back into the range. While a new high was technically made, the failure to follow through means Bitcoin is still arguably.
Bitcoin (BTC) Price Could Recover Losses Quickly, Trader Predicts
Jake Wujastyk, the Bitcoin market has shown signs of a potential quick recovery. After a sharp decline to $41,454, the cryptocurrency has made strides toward regaining its lost value.
"Compare" on chart is one of my favorite #CoinMarketCap features. Here's $ETH and $BTC over the last year, conveniently displayed on one chart. I was looking at that as #Ethereum is now at a 14-month low against #Bitcoin.
#MicroStrategy currently holds 152,800 #Bitcoin $BTC, valued at >$4B at current prices. In 2021 Michael Saylor famously predicted Bitcoin could reach $5M per coin. At that price, assuming constant holdings, that would put MicroStrategy's Bitcoin bag at ~$764B!! ๐
๐จ Long-term $BTC holders continue to eclipse #Crypto exchange supply ๐
Such a trend could imply growing confidence in $BTC's long-term value or perhaps a response to the recent high volatility โ๏ธ
#CryptoNews: Cathie Wood: "The convergence between #Bitcoin - and #AI could transform the way companies organize, causing a collapse in costs and an explosion in productivity." ๐
#CryptoNews: "#DeFi is the future; the volume is somewhere between 5% to 10% of #CeFi volumes, which is not small right [...] the next #bull run may very well make DeFi bigger than CeFi." - #Binance CZ ๐
In the ever-evolving world of #Cryptocurrencies, narratives play a pivotal role in shaping the market landscape and influencing investor behavior. ๐ค
Letโs explore further on how this works and how to identify narratives early!
https://t.co/dQbaTmD6NP