Cryptocurrency
Bitcoin’s Strong Week Keeps Getting Stronger
Forbes reports, “This week, bitcoin has reclaimed the crucial level of $11,000; buoyed by stronger buying volumes and continued easy money policies by the Federal Reserve. HTTPS://COINMARKETCAP.COM/CURRENCIES/BITCOIN/ “Last week, the research and data firm, CryptoQuant, noted a large spike in bitcoin transaction volume, but noted that the increased volume was not flowing to exchanges. Their […]
Forbes reports, “This week, bitcoin has reclaimed the crucial level of $11,000; buoyed by stronger buying volumes and continued easy money policies by the Federal Reserve.
HTTPS://COINMARKETCAP.COM/CURRENCIES/BITCOIN/
“Last week, the research and data firm, CryptoQuant, noted a large spike in bitcoin transaction volume, but noted that the increased volume was not flowing to exchanges. Their educated guess at the time was that it was possibly an over the counter (OTC) buyer deal.
CRYPTOQUANT.COM
“Yesterday, MicroStrategy MSTR +12.3% CEO, Michael Saylor, revealed that the company had purchased an additional $175 million of bitcoin for their capital reserve, bringing their cumulative total to $425 million. Given the large purchases by MicroStrategy, the spike in transaction volume noted by CryptoQuant makes sense as one possible explanation…”