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Showing posts with the label average price

Michael Saylor can’t stop: MicroStrategy now holds 130,000 Bitcoin

MicroStrategy bought an additional 301 Bitcoin for $6 million at an average price of $19,851, the company’s executive chairman announced on Twitter. MicroStrategy owns 0.62% of all the Bitcoin (BTC) that will ever be mined. The company’s executive chairman, Michael Saylor, announced that the company had bought another 301 Bitcoin for roughly $6 million, at an average price of ~$19,851 per BTC.  In sum, the company is one of the largest holders of Bitcoin on the planet, holding 130,00 Bitcoin. Clearly, Saylor likes round numbers, buying 301 Bitcoin to reach the 130,000 milestone.  MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22 @ MicroStrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.https://t.co/5kYW98ij4I — Michael Saylor️ (@saylor) September 20, 2022 Due to plunging price action, the company’s investment is down substantially in U.S. ...

Bitcoin Price and Ethereum – Will October be a Bullish Month?

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Bitcoin, the leading cryptocurrency, is currently trading at $20,140.48, up 0.09%. Even though Bitcoin's price is still far above $20,000, cryptocurrency values fell sharply today.  However, Ether, the token associated with the Ethereum blockchain and the second-largest cryptocurrency, is trading at $1,358.95 and is up 1.00%. Dogecoin is up 6.80% to $0.06 today, while Shiba Inu is pumped nearly 2.20% to $0.000011.  It implies that a change in a pattern could signal a trend reversal, and October could be a bullish month for cryptocurrencies. Will October be a Bullish Month? Justin Bennett, a well-known cryptocurrency trader, has just released his Bitcoin (BTC) playbook for the month of October, along with a set of market analyses.  As long as $18,700 holds, this is my #Bitcoin playbook through October.  The analyst predicts that the flagship cryptocurrency will stay over $18,700 throughout the coming month. Based on past performance, October could ...

Ethereum HODLers surpass 87 million: $1500 next stop for ETH?

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Despite being in a bear market, Ethereum adoption continues to grow. On Thursday, the number of addresses HODLing the asset crossed the 87 million mark, justifying the said narrative. JUST IN: The number of addresses holding $ETH surpasses 87 million. — Watcher.Guru (@WatcherGuru) October 6, 2022 As illustrated below, the number of non-zero addresses noted slightly deviated from their uptrend in mid-2021. However, it was quick to get back on track and continue rising, even with the asset not faring well on the price front . Source: Glassnode Alongside the rise in the number of non-zero addresses, the number of active addresses has also been on the rise. Per data from ITB, the said metric has noted an incline of 6.2% over the past week, indicating the rise in direct participation by users. Ethereum Price Front Despite the rise in the number of ETH HODLers and active participants, the trading crowd has been steering away from the largest altcoin of late. As ...