Crypto Roundup: MSTR Buys More Bitcoin as Broader Selloff Continues

From Nasdaq.: 2024-06-21 11:22:04

1. Bitcoin and Ethereum prices are down 10% and 4% respectively over the past month, signaling bearish sentiment in the cryptoverse.

2. Despite easing regulatory concerns for Ethereum, the recent downturn is concerning. The SEC’s probe into Ethereum 2.0 is winding down, allowing ETH ETFs to enter the market.

3. MicroStrategy continues to buy Bitcoin, acquiring 11,931 BTC worth $786 million. An analyst predicts BTC could reach $200,000 by 2025 and $1 million by 2033.

4. The TipRanks Technical Analysis tool indicates a Neutral signal for Bitcoin, suggesting a wait-and-watch approach for new long positions.

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