Wednesday, September 22, 2021
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Microstrategy Buys 5,050 More Bitcoins, Now Hodls 114,042 BTC – Finance Bitcoin News

Nasdaq-listed Microstrategy has purchased 5,050 more bitcoins for $243 million, raising its total bitcoin holdings to 114,042 coins. Microstrategy Continues to Grow Its Bitcoin Stash The pro-bitcoin software company Microstrategy announced Monday that it has purchased more bitcoins. CEO Michael Saylor tweeted: Microstrategy has purchased an additional 5,050 bitcoins for ~$242.9 million in

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Trading Bitcoin’s like trading stamps, says Swedish central bank governor

The governor of Sweden’s central bank, the Sveriges Riksbank, has dismissed Bitcoin (BTC) as an altogether far-fetched alternative to government-backed fiat currencies. Speaking at a banking conference in Stockholm, Governor Stefan Ingves argued, “Private money usually collapses sooner or later.” In a further disparaging remark, he claimed, “sure, you can get

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Insiders sold MicroStrategy stock after Bitcoin’s bull run

Virginia-based enterprise software company MicroStrategy has captured the attention of crypto and financial news outlets alike with its CEO’s atypical strategy of going all-in on Bitcoin, beginning in 2020, with some reporters quipping that the company has since morphed into something closer to a Bitcoin (BTC) investment vehicle than a

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El Salvador Unfazed by Bitcoin’s Recent Price Drop – Blockchain News, Opinion, TV and Jobs

The price of Bitcoin went down sharply on Tuesday, plunging 19% from $52,956 to $42,900 yesterday, undoing the gains it made recently and wiping out more than $180 billion in market value. El Salvador, the country that officially adopted bitcoin as legal tender yesterday, appeared unfazed by the dip, and

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Bitcoin’s sharp fall from $50K linked to stronger US dollar, gold — Correlation shows

Bitcoin (BTC) and spot gold hovered below their key psychological levels on Wednesday as a stronger United States dollar weighed on investors’ appetite for hedging assets.The BTC/USD exchange rate dropped 5.27% to its intraday low of $44,423 but recovered a portion of those losses after reclaiming the $45,000–46,000 range as

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Seychelles Law Enforcement Receives Request to Probe Transfer of 230K Onecoin Bitcoins – Regulation Bitcoin News

The Seychelles Police Financial Crime Investigation Unit (FCIU) recently confirmed receiving a request for an investigation into several transactions linked to the transfer of 230,000 bitcoins. The cryptocurrency is said to be associated with pyramid scam Onecoin. Onecoin Loot in Dubai Besides investigating the transfer of the crypto assets, the probe

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Bitcoin’s key momentum metric just flashed bearish with BTC price pinned under $50K

The run-up in the Bitcoin (BTC) price toward $50,000 last week risks exhaustion due to a mismatch between the cryptocurrency's price and momentum trends.So it appears the Bitcoin's price and relative strength index (RSI) have been moving in the opposite direction since late July. In doing so, even a strong

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Stablecoins Reserve Hits A New ATH, What Does It Mean For Bitcoin’s Price?

On-chain data shows stablecoins reserve has hit a new all-time-high (ATH), here’s what it could mean for Bitcoin’s price based on past patterns. Stablecoins All Exchanges Reserve Achieves New ATH As pointed out by a CryptoQuant post, the all exchanges stablecoins reserve has spiked up and reached a new ATH. Past pattern

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Pro traders are mildly skeptical about Bitcoin’s recent return to $50K

The price of Bitcoin (BTC) is back at the $50,000 level, and there's little doubt that the 47% positive rally over the past 30 days has been fueled by whale accumulation, institutional adoption and positive remarks from regulators regarding a possible exchange-traded fund (EFT) approval.Despite the positive newsflow, the top

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