MARA, MSTR Dropped as Bitcoin Dips, Wait and Trade at Right Side

Marcus_Web3
07-05

On July 4, 2024, $Bitcoin(BTC.USD.CC)$ Dips below $58,000 for the first time in two months, causing a ripple effect across the crypto market.

$Coinbase Global, Inc.(COIN)$, $Marathon Digital Holdings Inc(MARA)$ , $MicroStrategy(MSTR)$ dropped 6.41% ,8.34%, 8.61% at premarket,

$Marathon Digital Holdings Inc(MARA)$ Pool is ramping up with btc mined coins this month. In 5 days of July it mined 100 btc. If that pace will continue, company will mine via pool ~620 $Bitcoin(BTC.USD.CC)$

I was thinking to plan put spread strategies between $199~208 area $Coinbase Global, Inc.(COIN)$ but maybe it is too early, as we dont know whether the drop is short term or long term, when it is bottom out. I think it will be good time to add back.

@ESKED_@ESKED_

If BTCUSD about to turn the momentum from positive to negative on the weekly, time to short or buy put on $Bitcoin(BTC.USD.CC)$ related stocks and ETFs?

The top 10 companies holding the most Bitcoin.

$MicroStrategy(MSTR)$ $Marathon Digital Holdings Inc(MARA)$ $Tesla Motors(TSLA)$ $Hut 8 Mining Corp(HUT)$ $Coinbase Global, Inc.(COIN)$

$Galaxy Digital Holdings Ltd.(BRPHF)$ $Block(SQ)$ $Riot Platforms(RIOT)$ $Bitcoin Group SE(BTGGF)$ $CleanSpark, Inc.(CLSK)$ and $MicroStrategy(MSTR)$ worth look at.

Related bitcoin assets: $Coinbase Global, Inc.(COIN)$ $Marathon Digital Holdings Inc(MARA)$ $Block(SQ)$ $Hut 8 Mining Corp(HUT)$ $MicroStrategy(MSTR)$ $CME Bitcoin - main 2405(BTCmain)$ $Invesco Galaxy Bitcoin ETF(BTCO)$ $BIT Mining(BTCM)$ $WisdomTree Bitcoin Fund(BTCW)$ $Grayscale Bitcoin Trust(GBTC)$ $Fidelity Wise Origin Bitcoin Fund(FBTC)$ $iShares Bitcoin Trust(IBIT)$ $ARK 21Shares Bitcoin ETF(ARKB)$

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（1）

  • Top
  • Latest