MicroStrategy bought another 12,333 Bitcoin in its second quarter. The business intelligence company returned to profitability in Q2. MicroStrategy stock has roughly tripled versus the start of 2023. MicroStrategy Inc – one of the most prominent institutional holder of Bitcoin – says it returned to profitability in its second financial quarter. Its shares are still…

About $6.5 million flowed out of funds tracking different cryptocurrencies last week. Bitcoin recorded $13 million in outflows, while Ethereum benefited from XRP-driven sentiment to record $6.6 million in inflows. The minor outflows follow 4 consecutive weeks of inflows. CoinShares’ latest report on digital assets investment products suggests the industry saw minor outflows of $6.5…

There has been an increase in the number of early crypto holders moving tokens to new wallets. The BTC whale moved all their bitcoins to a new wallet. Whales make such moves in preparation for selling or alternative investments. Lookonchain has revealed that an early Bitcoin (BTC) holder transferred $37 million worth of bitcoins to…

TD Cowen analyst sees upside in MicroStrategy to $520. Lance Vitanza explained his bullish view in a research note. MicroStrategy stock has already tripled since the start of 2023. MicroStrategy Inc has already tripled since the start of this year but a TD Cowen analyst continues to see further upside in this stock. MicroStrategy stock…

Experts at Fundstrat are super bullish on Bitcoin. They see halving and a Bitcoin ETF as material catalysts. Bitcoin is already up roughly 80% versus the start of 2023. Bitcoin has had a massive rally since the start of this year but experts at Fundstrat are convinced it’s just a drop in the bucket compared…

Michael Novogratz puts Bitcoin and Gold in the same bucket. Wolfe Research strategist reiterated his bullish view on BTC. Bitcoin is currently up 80% versus the start of the year 2023. Owning Bitcoin today is nowhere as scary as it was about six months ago, says Michael Novogratz – the Chief Executive of Galaxy Digital….

Key Takeaways Bitcoin’s correlation with gold is at a two-year low Divergence highlights yet again that Bitcoin remains a risk-on asset This may change in the future, but for now, Bitcoin resides on the long-end of the risk spectrum  With full effects of tight monetary policy still to come, market should not get ahead of…

Canaccord Genuity analyst sees upside in Bitcoin to over $38,000. Javed Mirza explained his bullish view in a research note today. Bitcoin is already up about 80% versus the start of the year. It’s a suitable time for long-term investors to build their positions in Bitcoin as the chart suggests it may be about to…

McKenzie says cryptocurrencies resemble an MLM scheme. He calls for the need to better regulate and license this market. Bitcoin is currently up a whopping 80% versus the start of 2023. An 80% year-to-date rally in Bitcoin is not enough to substantiate the legitimacy of cryptocurrencies for actor Ben McKenzie. McKenzie dubs crypto an MLM…

The US SEC has been receiving Bitcoin ETF resubmissions after it rejected previous applications for inadequacy. Valkyrie Bitcoin Fund was the last company to submit a Bitcoin ETF application to the SEC. The SEC has accepted several other BTC ETFs after the respective companies amended and resubmitted. The US Securities and Exchange Commission (SEC) has…