Software developer MicroStrategy has ended its 12-week Bitcoin buying spree, keeping its current holdings at $44 billion until further notice.
This could be a signal to the market! The halt in buying could indicate that even active participants like MicroStrategy believe the Bitcoin market is oversupplied or overvalued.
However, Richard Teng, CEO of Binance, said that volatility will become less relevant as cryptocurrency markets develop and projects grow. So this will pass...
Meanwhile, the liquidation of over $2 billion in 24 hours led to a drop in cryptocurrency prices, with the total market capitalization of digital assets falling by 6.5% to $3.3 trillion.
But then, the price of $BTC began to recover, and crossed the $100K mark again. Is this the beginning of the off-season, or is it a trap?
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