The recent price action echoes the November–January pattern, showing weak conviction among the “buy the dip” crowd.
Bitcoin’s price action looks dangerously similar to the pattern that sent it crashing to $60,000
The recent price action echoes the November–January pattern, showing weak conviction among the “buy the dip” crowd.
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Bitcoin has exhibited a strong positive correlation with NVDA since late 2022.
The St. Petersburg, Florida-based investment manager added to its holdings in Coinbase, Bitmine Immersion Technologies, Circle Internet and Bullish.
The bank updated its miner estimates to reflect second-quarter earnings and changes to the network hashrate and the bitcoin price.
The bank said billions in passive flows could unwind if MSCI removes Strategy from major equity benchmarks, heightening pressure on the bitcoin-levered firm.