The implications of such a move could be profound, as it would not solidify Bitcoin’s status as a mainstream asset. In addition, it would promote institutional adoption of Bitcoin. Moreover, Saylor offered remarks about the future of Bitcoin scaling, predicting growth in Layer 2 and Layer 3 solutions. These comments further underscore the transformative potential of integrating Bitcoin with advanced technological ecosystems like Apple.
https://coingape.com/michael-dell-is-seriously-considering-bitcoin-heres-new-proof/
It is worth noting that several institutional investors are gradually adopting a Bitcoin strategy. Even Dell Technologies once adopted Bitcoin as a payment means in 2014.
However, in 2017, low demand forced the company to cease the BTC payments. The digital asset industry has seen a higher Bitcoin demand, evident in the launch of spot Bitcoin ETFs which was launched in January.This revival in demand may cause Dell Technologies to venture into investing in BTC once again.
Amongst the many firms with a thriving Bitcoin strategy is Saylor’s MicroStrategy. The company recently scooped additional 11,931 Bitcoins at an average price of approximately $65,883 per Bitcoin. MicroStrategy now holds a total of 226,331 Bitcoins acquired at an average price of $36,798 per BTC, totaling approximately $8.33 billion.
In a recent update, CryptoQuant CEO Ki Young Ju mentioned that the Bitcoin hash price has reached an all-time low. This has led several mining companies to slow down their investments in mining rigs. Thus, as a hedge against the current bitcoin market uncertainty, miners have started looking for other Proof-of-Work (PoW) cryptocurrencies.
https://coingape.com/bitcoin-hash-price-hits-all-time-low-whats-next-for-btc-price/
palantir創辦人對比特幣價格語待保留
https://news.bitcoin.com/billionaire-peter-thiel-remains-a-bitcoin-holder-but-questions-its-future-value
https://www.binance.com/en/square/news/bitcoin%20news
peter thiel 對比特幣看法保留
https://www.binance.com/en/square/post/2024-06-30-billionaire-investor-peter-thiel-believes-bitcoin-s-major-price-increases-are-over-10171530168106
The daily chart producing alternative green and red candles indicates no clear initiation from buyers to sellers to lead this asset. Amid the consolidation, Bitcoin’s Fear and Greed index dropped to 30% suggesting that investors are feeling fearful of the current market movement.
Moreover, the renowned trader Alicharts recently highlighted a significant accumulation of Bitcoin, signaling a potential shift in market sentiment. As per the tweet, over 20,200 BTC, worth approximately $1.23 billion, were sent to accumulation addresses. This large-scale purchase occurred amid a dip in Bitcoin to $60,888 indicating an increasing confidence of market whales.
In addition, the Head of Research at CryptoQuant Julio Moreno, has highlighted that Bitcoin miner capitulation has reached a 7.6% drawdown, similar to levels seen in December 2022 after the FTX collapse.
Furthermore, JPMorgan analysts have also weighed in on the potential impact of Mt. Gox creditors liquidating their bitcoin holdings. They anticipate that the sell-off could put pressure on bitcoin prices in the short term. In a recent research note, JPMorgan analysts stated, “Assuming most of the liquidations by Mt. Gox creditors take place in July, this creates a trajectory where crypto prices come under further pressure in July, but start rebounding from August onwards.”
https://coingape.com/jpmorgan-coinshares-predict-bitcoin-shake-up-from-mt-gox-9b-payout/