Business

Bitcoins BTC$63,816.30 slipping below $60,000 may have less to do with Michael Saylor’s ( MSTR ) strategy and more to do with inflation creeping higher, one analyst argued. In a Monday report, Markus Thielen, founder of 10x Research, wrote to clients that investors have largely misunderstood the drivers behind crypto’s sharp selloff in recent weeks. […]

Strategy (MSTR) acquired 1,550 bitcoin for approximately $101 million, increasing its total holdings to 845,256 BTC, according to a Monday announcement from chairman Michael Saylor. The purchase comes after bitcoin fell about 15% last week, briefly trading below $60,000 before rising above $62,000. The drop in bitcoin price followed, at least in part, after Saylor

Gold has fallen below its 200-day moving average (200DMA), a widely followed long-term technical indicator that tracks the average closing price over the previous 200 trading days. A break below the 200DMA is often interpreted as a sign that the long-term bullish momentum has weakened and that a broader trend reversal may be on the