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news-imageOctober 31, 2024

Major MVRV Bitcoin Buy Signal Prints But Breaking $86,000 Is Crucial

Bitcoin is stretching gains, looking at price action in the past few trading days. At spot rates, buyers are “hungry” and aiming not only to confirm the rally of the past two days but also to close above March 2024 highs of around $74,000.
Publisher: Bitcoinist
Sentiment: Positive
BTC

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cover-imageCrypto Daily
October 31, 2024

Spot Bitcoin ETF buying becomes an avalanche

After the 3rd biggest inflow in terms of US dollar equivalent in BTC on Wednesday, Thursday has now seen the 2nd biggest inflow, as the U.S. Spot Bitcoin ETFs purchased another $896.3M worth of $BTC. As these massive amounts of BTC are hoovered up out of the market, the $BTC price is coiling up ready to explode higher.

Positive
cover-imageBenzinga
October 31, 2024

Michael Saylor Says Bitcoin Remedy To Fix Unhealthy Balance Sheets As MicroStrategy Unveils Massive $42B BTC Purchase Plan

In a bold but unsurprising move, MicroStrategy Inc. (NASDAQ:MSTR) CEO Michael Saylor said the company would advocate for Bitcoin (CRYPTO: BTC) as a treasury reserve asset across global finance. What Happened: During the company's third-quarter earnings call Tuesday, Saylor voiced his conviction in Bitcoin's potential to rectify the unhealthy balance sheets of both public and private enterprises.

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