Michael Saylor's tweet coincided with 60% of top US hedge funds gaining Bitcoin exposure while Tether Treasury minted 1B USDT.
Saylor’s comments coincided with 60% of top US hedge funds gaining Bitcoin exposure in the first half of 2024.On the charts, Bitcoin has shown intention to go higher after wicking above the 4-hour resistance while the 3-day chart shows a bullish double bottom with a significant engulfing candle, indicating a strong upward momentum.MACD indicator on the daily time frame began forming a bullish pattern five days ago and has now fully flipped bullish.
The market has steadily moved towards a bullish convergence on the MACD, signaling potential upward momentum. This shift in the MACD suggests a strengthening trend that could lead to further gains, as more traders are starting to notice this bullish signal.Tether, which operates like the Federal Reserve of crypto, influencing market trends whenever new USDT is minted. Tether Treasury minted $1 billion USDT on TRON with zero fees.on X with the total minted USDT distributed as $85 million transferred to Bitfinex and $50 million to an unknown wallet.
Lennox is a professional financial market analyst who's enthusiastic about blockchain, cryptos, and web3. He started blogging about cryptos back in 2019 and has since never looked back. His work revolves around looking at crypto-projects analytically on a technical and on-chain level, while also making sure it's palatable to the general audience.Subscribe to get it daily in your inbox.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin’s narrow range wreaks havoc: Shorts, leverage traders reeling!Bitcoin short traders suffer as Bitcoin demonstrates strength despite signs indicating possibility of more price slippage.
Read more »
MicroStrategy’s Michael Saylor on Bitcoin: ‘Unlock your future’Bitcoin's rise to $60K excites, but Saylor's optimism clashes with ongoing skepticism from experts like Peter Schiff.
Read more »
Michael Saylor’s $1B Bitcoin stash: ‘I continue to acquire more’Saylor disclosed that he holds 17,732 BTC and intriguingly noted that he hasn't parted with any of these digital assets.
Read more »
How MicroStrategy fared after Michael Saylor’s Bitcoin Conference 2024 announcementMicrostrategy's Michael Saylor announced a new partnership with Bitcoin Magazine to drive corporate adoption of Bitcoin.
Read more »
– Michael Saylor’s Bitcoin projections for 2045!Michael Saylor made a bold projection for BTC in the next 21 years- $13M per coin by 2045, if BTC hits +5% of global wealth...
Read more »
Kraken begins Bitcoin (BTC) & Bitcoin Cash (BCH) distribution to Mt Gox creditorsIn a much awaited move, Kraken - a leading crypto exchange - has reportedly started distributing Bitcoin (BTC) and Bitcoin Cash...
Read more »