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news-imageJuly 9, 2024

Bitcoin's Struggle to Recover: Why SOL, DOT, NEAR, and KAS Could Be Your Next Investment Opportunities

Bitcoin continues to face a tough battle between the bulls and the bears, investors are keeping a close eye on the cryptocurrency market for signs of a potential rebound. While Bitcoin struggles to regain its footing, several altcoins like Solana (SOL), Polkadot (DOT), NEAR Protocol (NEAR), and Kaspa (KAS) show promising signs that could lead to significant gains.
Publisher: The Currency Analytics
Sentiment: Neutral
BTC
DOT

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Why is Bitcoin Going Down?

Bitcoin is currently testing levels below the crucial $95k mark and is down by more than four percent in the last 24 hours. This comes after a recent announcement from Michael Saylor revealing that MicroStrategy purchased another $5.4 billion worth of Bitcoin.

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Marathon Digital Mirrors MicroStrategy with Massive Bitcoin Investments

Last day, MicroStrategy surprised many by making a massive BTC purchase of 55,500 BTC tokens – the highest it has ever made. This month alone, the company has amassed over 134,480 BTC tokens. With the latest purchase, the total BTC holding of MicroStrategy has increased to nearly 386,700 BTC tokens, worth at least $36,496,204,620.

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Rumble Bitcoin Investment: A $20M Move into Crypto

Following Microstrategy's plan of hoarding Bitcoin many companies from different sectors are following suit by investing heavily into Bitcoin as a safe investment option. Recently, Rumble, a popular video-sharing and cloud services platform, is making a bold move by investing up to $20 million in Bitcoin.

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