BTC target from this chart is $68,000, buy MSTR, COIN, MARA
BTC target from this chart is $68,000. Retest done MACD Crossover done ImageI recommend you to focus on Bitcoin shadow stock $MicroStrategy(MSTR)$ . As I strongly recommended before, long AI, long cryptocurrency.If you can't buy cryptocurrency, you can invest in cryptocurrency-related stocks and ETFs, because Bitcoin has an extremely strong long-term upward trend.In terms of supply and demand logic, Bitcoin output will become slower and slower, but demand will become more and more vigorous. Institutions and governments will gradually accelerate the inclusion of BTC in strategic reserves, and so will individual users, which will inevitably push up prices.Bitcoin has recently dropped by 20%, and MSTR has dropped by 35%. Both long-term and short-term
Institutions Holdings of $IBIT & $FBTC Increased by 34% & 25%
In the second quarter, the number of institutions holding $IBIT and $FBTC increased by 34% and 25% respectively on a month-on-month basisTrader T@pivfund2100 Published on X regarding Q2 Data on major institutions holding Bitcoin spot ETFs:1. BlackRock IBIT $iShares Bitcoin Trust(IBIT)$ 582 institutional holders, a month-on-month increase of 34%;118 million shares, excluding options, a month-on-month increase of 47%;2. Fidelity FBTC $Fidelity Wise Origin Bitcoin Fund(FBTC)$ 303 institutional holders, a month-on-month increase of 25%;50.4 million shares, excluding options, a month-on-month increase of 35%;3. Bitwise BITB $Bitwise Bitcoin ETF(BITB)$ 139 institutiona
Goldman Sachs, Morgan Stanley Buy $600M in Bitcoin ETFs Q2 2024
Where billionaires invest: why 13F report matters for the crypto industryDocuments from U.S. regulators show that Goldman Sachs and Morgan Stanley purchased more than $600 million in spot Bitcoin ETFs in the second quarter of 2024.Where billionaires invest: why 13F report matters for the crypto industry - 11) Goldman Sachs Holds Over $400M in Bitcoin ETFsThe investment bank says it owns over $400 million in bitcoin ETFs, according to a recently filed 13F.Goldman Sachs was previously seen as a traditional Wall Street firm that was a Bitcoin skeptic.Goldman Sachs' 13F filing with the US SEC shows that it holds 7 of the 11 US Bitcoin ETFs, with a total value of approximately $418.65 million as of June 30.The bulk of that is in $iShares Bitcoin Trust(IBIT
Fed Rate Decision & Crypto Prices 1. Fed Holds Rates: The Federal Reserve kept interest rates unchanged, hinting at potential cuts in September. 2. Rate Cut Expectations: Traders anticipate a 100% chance of a 25-basis point cut, with a 14% chance of a 50-basis point cut. 3. Powell's Stance: Fed Chair Jerome Powell mentioned a 50-basis point cut isn't currently considered, focusing on economic data. 4. Crypto Reaction: Bitcoin and Ethereum prices dipped, despite a stock market rally. 5. Expert Insight: Travis Kling of Ikigai Asset Management believes easing Fed policy will support digital assets. 6. Global Easing Cycle: Kling notes major central banks are easing, creating a favorable backdrop for Bitcoin. 7. Crypto Tailwinds: Macroeconomic policy could boost crypto towards year-end. 8.
Fed’s Potential September Rate Cut Seen as Positive for Bitcoin
Fed’s Potential September Rate Cut Seen as Positive for Bitcoin $Bitcoin(BTC.USD.CC)$ ** The prospect of a U.S. Federal Reserve rate cut in September is seen as bullish for Bitcoin and crypto markets, according to QCP Capital's August 1 report.Fed Rate Decision & Crypto PricesOn July 31, minutes from the Federal Open Market Committee meeting revealed that Fed chair Jerome Powell and other officials at the American apex bank decided to leave interest rates unchanged.Powell and the Fed maintained tighter monetary policies for another month, keeping rates between 5-5.5% as the regulator held out for more positive economic data.According to QCP Capital, the FOMC minutes s