Software firm MicroStrategy acquired bitcoin worth $1.11 billion between Aug. 6 and Sept 12, boosting its total holdings of the world's biggest cryptocurrency to roughly $9.45 billion.

Ethereum (ETH) has recently struggled in comparison to its peers, according to a report by Coinbase Institutional. The analysis suggests that market dynamics, network activity, and inflationary factors are influencing the cryptocurrency's current performance.

MicroStrategy purchased 18,300 Bitcoin for $1.11 billion between August and September 2024, bringing its total holdings to 244,800 BTC, worth around $14 billion.

Ethereum faces sustained bearish pressure with declining market volume and volatility. Whales steadily accumulate ETH, indicating long-term bullish expectations.

MicroStrategy acquired approximately 18,300 Bitcoin for $1.1 billion between Aug. 6 and Sept. 12 at an average price of $60,408 per BTC, according to a Sept.

TL;DR Critical Support Level: ARK Invest's latest report emphasizes the importance of Bitcoin maintaining the $46,000 support level, marking a “make-or-break moment” for the cryptocurrency. Bearish Market Sentiment: Bitcoin has struggled with a nearly 9% decline in August and is no longer respecting classic bull market support levels, adding to investor concerns.

Bitcoin's biggest holders, often referred to as “whales,” have sharply reduced their trading activity, flashing considerable discussion within the cryptocurrency community. This drop in transactions, noted particularly since Bitcoin's peak in March, raises important questions about the future trajectory of the cryptocurrency market.

Ethereum's price has been trending lower over the past few months but has found support at a critical level. Meanwhile, the market is yet to demonstrate a bullish shift.

Crypto trader Stockmoney Lizards shed light on how traders and investors tend to misinterpret Bitcoin's (CRYPTO: BTC) market cycle phases and how to prevent such errors. What Happened: The trader took to social media to highlight the common mistake of "buying the tops and selling the lows.

MicroStrategy has bought 18,300 bitcoin for $1.11 billion according to its CEO Michael Saylor.

Business intelligence firm MicroStrategy is continuing its Bitcoin allocation strategy, this time acquiring over 18,000 BTC. MicroStrategy, one of the largest corporate crypto holders in the world, announced in a press release on Friday, Sept.

MicroStrategy purchased an additional 18,300 bitcoins for $1.11 billion, boosting its total Bitcoin trove to 244,800 BTC acquired for $9.45 billion. The company continues its Bitcoin accumulation strategy, capitalizing on BTC appreciation.

MicroStrategy has purchased another 18,300 BTC for approximately $1.11 billion at an average price of $60,408 per bitcoin.

Bitcoin (BTC) is still supported by a readiness to hold, as all but the latest ETF buyers and active traders are holding well above their cost basis. While BTC moves sideways, a capitulation is still an unlikely scenario.

Amid Bitcoin's price fluctuations, key market metrics are now suggesting potential for an imminent price move.

The business intelligence company MicroStrategy on Friday said it has acquired 18,300 BTC worth $1.11 billion, according to a filing with the US SEC. The company's net BTC holding has increased to 244,800 BTC worth $9.45 billion, revealed Michael Saylor, executive chairman of the firm.

In response to an infographic showing the largest holders of Bitcoin (BTC), Dogecoin cofounder Billy Markus, aka Shibetoshi Nakamoto, compared his DOGE holdings to how much Satoshi Nakamoto, the creator of Bitcoin, reportedly owns in BTC.

American business intelligence and software firm MicroStrategy Inc. has purchased another Bitcoin (BTC). In an announcement shared on X, Michael Saylor revealed that the firm bought 18,300 BTC for approximately $1.11 billion at approximately $60,408 per Bitcoin.

American business intelligence and software firm MicroStrategy Inc. has purchased another Bitcoin (BTC). In an announcement shared on X, Michael Saylor revealed that the firm bought 18,300 BTC for approximately $1.11 billion at approximately $60,408 per Bitcoin.

“It doesn't matter if I invested, or if you're my friend; stage 1 or bust,” he said in a recent tweet. Here's what that means.

MicroStrategy Inc. (NASDAQ: MSTR), a leading enterprise analytics and mobility software provider, has announced a fresh Bitcoin (BTC) purchase. While other investors offloaded their Bitcoin holdings, as depicted by the notable cash outflows from the spot BTC ETFs in the past few weeks, MicroStrategy has announced that it acquired 18,300 BTCs for $1.11 billion.

Microstrategy has acquired 18,300 additional bitcoins for $1.11 billion, funded through stock sales. As of Sept. 12, the company holds 244,800 BTC, purchased at a total cost of $9.45 billion. Executive chairman Michael Saylor announced a BTC yield of 17.0% year-to-date.

MicroStrategy's $1.11 billion Bitcoin purchase was funded by selling over eight million company shares through a sales agreement.

The firm now holds over 244,800 bitcoin, founder Michael Saylor said in an X post.

Bitcoin has seen substantial gains this year, Ethereum has struggled, falling to a 40-month low in its ETH/BTC trading pair. Here's a closer look at the factors contributing to Ethereum's lag behind Bitcoin:

MicroStrategy has made a remarkable financial maneuver by converting $1.1 billion worth of its shares into 18,300 Bitcoin (BTC). The latest Form 8-K filings with the U.S. Securities and Exchange Commission (SEC) confirmed this purchase.

Ethereum rebounds; mining wallets and technical indicators point to potential growth.

XRP started to rise on Thursday after investment fund Grayscale launched a professional fund that holds the token in the U.S., while DOGE gained on no apparent catalyst.

The firm's latest acquisition was for 18,300 BTC.

The rally in the gold price recently could signal potentially favorable macroeconomic conditions for Bitcoin in the near future following the liquidity infusion from central banks.

BlackRock, the world's largest asset manager with over $9 trillion in assets, is positioning Bitcoin as a key tool in navigating growing global financial instability.

HTX has announced a strategic partnership with IBEX, a fintech innovator focused on the Bitcoin Lightning Network, to enhance Bitcoin transaction speed and reduce costs in emerging markets.

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 13, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin mining difficulty surged to a historic peak of 92.67 trillion. This unprecedented increase, marking a 3.6% rise, highlights a critical moment for the Bitcoin mining industry, which is grappling with shrinking revenues and declining profitability.

Overall, the huge disparity, in terms of profit, between the old investors and new market entrants serves as proof of the benefits of the long-term strategy for participating in the greatly volatile crypto market.

A widely followed crypto analyst believes one Solana (SOL) competitor may have more upside potential. Crypto trader Michaël van de Poppe tells his 724,900 followers on the social media platform X that layer-one blockchain Sei (SEI) may soar more than 46% from the current value by next month. “Altcoins are doing relatively well.

The Bitcoin (BTC) chart is hinting toward a massive price drop. The coin has already been struggling with an extended consolidation period, and this potential decline could make the situation worse.

Data shared on X indicates that the very first prediction of Bitcoin theoretically reaching $10 million per coin in the future was made by a person who was close to Satoshi Nakamoto.

Ethereum (ETH) has risen by 2%, now trading at $2,368 in the past 24 hours. However, Ethereum exchange-traded funds (ETFs) continue to struggle, seeing another day of outflows totaling $20.14 million.

Tron founder Justin Sun slammed the recently launched cbBTC, Coinbase's Bitcoin wrapper offering, saying it is the beginning of a dark age for the pioneer cryptocurrency.

Economists are calling for China to unleash $1.

Positive sentiment toward Bitcoin is noticeably increasing on social media, which is a first for the cryptocurrency; positive comments have more than doubled negative ones for the first time in more than a year.

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) Since last week, Ethereum's price has remained close to the key resistance at $2,400.

Exchange-traded funds have bucked the trend with higher-than-average volumes in August — yet Bitcoin ETFs suffered extensive outflows towards the end of the month.

Benchmark cryptocurrency bitcoin (BTC) has been trending below the $60,000 resistance point for close to three weeks, suggesting a degree of sell-side pressure in the cryptocurrency markets. However, the world's largest cryptocurrency, which rallied to an all-time high earlier this year in March, has been relatively well bid in the past week.

Historical trends have always been used to analyze Bitcoin price and provide insights into the crypto's future trajectory. Although these trends don't always play out the same way, they tend to rhyme and give a pattern, indicating what to expect from the leading crypto.

In recent developments within the cryptocurrency market, analyst Tarek on chain from Crypto Quant has spotlighted a potentially significant bullish trend for Bitcoin (BTC), currently priced at $57,984.34. The analysis reveals intriguing patterns in Bitcoin's exchange reserves and stable coin movements, which suggest a forthcoming price surge.

The difficulty in mining Bitcoin has surged to a new record level, hence squeezing profit margins. Reaching 92.67 trillion, the difficulty index exceeded the previous record peak of 90.67 trillion set in July this year.