How A Bitcoin ETF Could Spell Bad News For MicroStrategy
Submitted by Anonymous (not verified) on Wed, 10/20/2021 - 22:00Following the launch of the first ever Bitcoin exchange-traded fund (ETF), Microstrategy’s stock took a hit.
Following the launch of the first ever Bitcoin exchange-traded fund (ETF), Microstrategy’s stock took a hit.
Data shows Bitcoin spot trading volume has surged up as BTC has begun to target a new all-time high (ATH) price soon.
On-chain data shows 99% of the circulating Bitcoin supply has unrealized profits again.
Latest data shows the leading global Bitcoin hashrate now resides in the US as a result of China’s crackdowns on mining.
Data shows the latest rise in Bitcoin’s price is accompanied by a significant uptick in the trading volume.
Bitcoin on-chain data suggests accumulation is going on as investors feel FOMO about the current rally above $57k.
Binance’s regulatory war continues as the crypto exchange announces it will no longer offer derivatives products in South Africa.
Despite the recent big move in Bitcoin price, Google trends reveal general interest in the cryptocurrency still remains low.
On-chain data shows miners have sent a never-before-seen amount of Bitcoin to exchanges as the crypto touches $55k.
As Bitcoin touches $55k today, CME’s futures premium has reached highs not seen since April. This could hint at a Q4 bull run for Bitcoin.
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