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news-imageNovember 1, 2024

Bitcoin Open Interest Reduced By $2.1 Billion In 24 Hours – Time For Spot To Push The Price?

Bitcoin is currently trading above $69,000, following a 6% pullback from its recent peak at $73,600. The recent surge in open interest has been a key factor in driving BTC's price action, with open interest reaching $23.9 billion on October 30, a significant uptick that indicated high market engagement.
Publisher: NewsBTC
Sentiment: Positive
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Positive
cover-imageCoingape
November 1, 2024

MicroStrategy (MSTR) Stock Price To Hit $300 Amid $42B Bitcoin Buying Plan

Canaccord raised its price target for MicroStrategy stock (MSTR) to $300 from $173, as it keeps a “Buy” rating on the stock. The firm noted that MicroStrategy announced a $21 billion ATM stock offering that management intends to utilize, along with selective fixed-income offerings, to fund up to $42 billion of Bitcoin purchases over

Neutral
cover-imageFXEmpire
November 1, 2024

Bitcoin Price Outlook – Bitcoin Looking to Bounce?

The Bitcoin market continues to see a lot of volatility, as we have seen the market test the crucial $74,000 level earlier this week, but now have pulled back enough to see a lot of pressure on the short-term trend and support level. However, it looks like we are going

Neutral
cover-imageThe Currency Analytics
November 1, 2024

Peter Brandt and Peter Schiff Examine Bitcoin vs. Gold Performance

The ongoing debate about the merits of Bitcoin versus gold as investment options has gained traction once again, thanks to insights from two prominent figures in the financial world: senior trader Peter Brandt and economist Peter Schiff. Their recent discussions shed light on the contrasting performance of these two assets, highlighting the complexities that investors face when choosing where to allocate their funds.

Negative
cover-imageCrypto news
November 1, 2024

Why was Bitcoin price down overnight?

Bitcoin price has pulled back over the past three days as the recent rally paused ahead of next week's election. Bitcoin (BTC) retreated to $68,762, down 6.60% from its highest level this year.

Positive
cover-imageCoingape
November 1, 2024

Is Bitcoin Ready to Go Nuclear? What the OTC Supply Squeeze Means for Prices

Bitcoin's price momentum in October, affectionately dubbed “Uptober,” saw an approximately 12% gain, sparking speculation about a potentially “nuclear” rally. At the center of the buzz are rumors that over-the-counter (OTC) desks, commonly used by institutional buyers to acquire large amounts of Bitcoin without moving markets, are starting to run dry.

Neutral
cover-imageBenzinga
November 1, 2024

Bitcoin Zigzags Around $70,000: What Is Going On?

Bitcoin's (CRYPTO: BTC) continued its volatile trading action around the $70,000 mark on Friday morning as traders and analysts try to pin down key support and resistance levels. What Happened: Bitcoin dipped to a low of $68,840 during the Asian trading session but has since recovered above $70,200 at the time of writing.

Positive
cover-imageBenzinga
November 1, 2024

Michael Saylor Calls MicroStrategy The 'Public Equity Play On Bitcoin Maximalism': Here's Who's Following This Approach

Michael Saylor‘s declaration that “MicroStrategy (NASDAQ:MSTR) is the public equity play on Bitcoin maximalism” aptly defines the company's pioneering approach in corporate Bitcoin holdings. Saylor highlighted the company's strategy in a post on X on Thursday: MicroStrategy is the public equity play on #Bitcoin Maximalism.

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