Bitcoin reached $65,000 for first time in almost three weeks
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The largest digital asset reached highs of $65,050 in Sunday's trading session before retreating below $64,000 on Monday. Bitcoin has risen over 10% since the past week, the largest increase since mid-July.Accompanying his tweet was an image that showcased MicroStrategy's stock performance compared to other S&P 500 companies since the firm adopted its Bitcoin strategy in August 2020.
Saylor’s tweet alongside the image demonstrated how MicroStrategy’s stock has significantly outperformed major players like Nvidia, Marathon Oil and other S&P 500 companies over the last four years, bolstered by its Bitcoin strategy.offered the clearest hint yet Friday that the central bank might be on track to lower benchmark interest rates from a more than two-decade high, implying a more favorable liquidity backdrop for global markets.
Powell's signal resulted in a $252 million net inflow into a group of a dozen U.S. spot Bitcoin ETFs on the same day, the largest in more than a month, according to Bloomberg data. The funds have received inflows for seven consecutive days.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends.
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