Strategy Acquires 6,556 Bitcoin for $556 Million, Total Holdings Reach 538,200 BTC
Strategy adds 6,556 Bitcoin worth $556 million to its holdings, bringing its total to 538,200 BTC as institutional crypto adoption grows.
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Strategy adds 6,556 Bitcoin worth $556 million to its holdings, bringing its total to 538,200 BTC as institutional crypto adoption grows.
Bitcoin (BTC) remained resilient above $88,000 early Tuesday, supported by safe-haven demand as the Japanese yen surged past the key 140 level against the U.S. dollar. Investors flocked to traditional and digital hedges amid growing geopolitical and economic uncertainty, including concerns over U.S. trade tariffs and speculation around a potential change in Federal Reserve leadership.
In a notable shift, options data reveals rising bullish sentiment for bitcoin (BTC) and the euro (EUR) as investors rotate away from U.S. assets. Despite sharp declines in the U.S. stock market, short- and near-dated bitcoin risk reversals turned slightly positive, indicating growing demand for call options over putsa sign of bullish expectations.
Dogecoin (DOGE) is capturing attention after outperforming Bitcoin (BTC) in key on-chain metrics amid a broader market rally. According to IntoTheBlock, DOGE surpassed BTC in large transaction volume and daily active addresses by 41.12% and 34.91%, respectively.
Bitcoins (BTC) recent price movement has raised questions about whether its bull run is losing steam or simply pausing. On-chain analyst Julio Moreno highlights a significant resistance zone forming between $91,000 and $92,000, which aligns with the Traders Realized Pricethe average price current holders paid for their BTC.
The week kicked off with a sharp drop in the U.S. dollar, which hit a three-year low, and losses across Wall Street. Yet, Bitcoin (BTC) is defying the trend, climbing 2.3% in the past 24 hours to trade around $86,800.
Bitcoin (BTC) surged 2.3% in the past 24 hours, reaching $86,800 for the first time since April 3, defying broader market weakness driven by tariff concerns. The rise comes as U.S. equities plunge, with the SP 500, Nasdaq, and Dow Jones down over 3% each.
Bitcoin has now been seeing a consistent price increase, indicating a resumption in upward momentum. So far, the asset has regained some of its losses from its recent period of correction, with its price now trading above $87,000, closing in on the $90,000 psychological level.
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.
Ethereum is quickly losing ground to Bitcoin, with the ETH/BTC ratio falling to its lowest level in five years. According to CoinGecko data, the ETH/BTC ratio now stands at 0.01787, a level not seen since January 2020.
Bitcoin nears $90,000 as Treasury buybacks, dollar weakness, and Michael Saylor's new $555 million purchase fuel analyst predictions of $100,000+.
Sentiment around the Dogecoin price is still surprisingly bullish despite having dropped by more than 60% over the last few months. This is strengthened by the fact that investors still believe that the crypto bull market is far from over.
In an economic context marked by political uncertainties and massive sales of US assets, two protagonists are emerging strongly: Bitcoin and the euro. While the American stock market records heavy losses, these two assets show a surprising resilience against the US dollar, signaling a possible paradigm shift in global capital flows. On Monday, the Dow Jones Industrial Average lost over 700 points, bringing the monthly decline to over 9%. At the same time, the dollar index – which measures the strength of the greenback against a basket of currencies, including the euro – fell to its lowest level in the last three years, reaching 98. This represents a 10% loss over the last three months. Long-term government bonds were also hit, with the yield on the thirty-year rising by over five basis points, reaching 4.90%.
Bitcoin's (BTC) commanding position in the crypto ecosystem continues to strengthen.
Spot Bitcoin exchange-traded funds in the United States recorded their highest daily inflows in three months, fuelled by renewed risk-on sentiment after President Donald Trump threatened to fire Federal Reserve chair Jerome Powell.
Strategy, formerly known as MicroStrategy, the now Bitcoin proxy firm founded by Bitcoin (BTC) bull Michael Saylor, made headlines once again on Monday by acquiring an additional 6,556 BTC, bringing its total BTC holdings to an impressive 538,200 BTC. This latest purchase, amounting to approximately $556 million at an average price of $84,785 per Bitcoin, comes amid increasing market volatility, mainly characterized by BTC's inability to surpass the $90,000 mark since early March of this year.
U.S. spot bitcoin ETFs recorded $381.4 million in net inflows on Monday, marking their largest daily inflow since Jan. 30.
A widely followed crypto strategist says Bitcoin is about to flip bullish as multiple technical indicators flash green for BTC. Trader Kevin Svenson tells his 161,100 followers on the social media platform X that Bitcoin's relative strength index (RSI) indicator on the weekly chart has confirmed a bullish breakout after last week's candle close.
Bitcoin (BTC) held steady above $88,000 early Tuesday as the Japanese yen crossed the psychological level of 140 against the U.S. dollar, as tariff concerns and risks of a Federal Reserve chairman shuffle in the states broadened the appeal of safe-haven assets.
This week kicked off on a positive note for Bitcoin ETFs, as institutional investors are making a strong comeback. On Monday, Bitcoin ETFs recorded over $380 million in net inflows, marking their largest single-day inflow since January 30.
In a surprising development, options linked to bitcoin (BTC) and the euro-dollar (EUR/USD) exchange rate are indicating strength against the U.S. dollar despite a downturn in the U.S. stock market. This trend suggests the "sell America" trade is gathering pace.
Bitcoin (BTC) traders see a BTC price reversal already beginning as classic resistance stops bulls in their tracks. BTC/USD 1-hour chart.
Bitcoin (BTC) traders see a BTC price reversal beginning as classic resistance stops bulls in their tracks. BTC/USD 1-hour chart.
Strategy, previously referred to as MicroStrategy, has purchased an additional 6,556 Bitcoin in a $555.8 million acquisition. The firm acquired the Bitcoin between April 14 and April 20, spending an average of $84,785 per coin.