Bitcoin found familiar resistance as it crossed the $70,000 mark to hit new April highs, with analysis blaming "profit-taking pressure." Bitcoin (BTC) coiled below $70,000 at Monday’s Wall Street open as analysis blamed profit taking for price inertia. Key points: Bitcoin and stocks wobble as the US trading session begins amid nerves over the US-Iran war outcome. Read more
Buyers are attempting to push Bitcoin above the $70,000 level, but some analysts believe the upside may be limited and a drop below the $60,000 support is likely. Key points: Bitcoin rose above the $70,000 level on Monday, but analysts remain skeptical, expecting a drop below the $60,000 support. Several major altcoins have bounced off their supports, indicating demand at lower levels. Read more
Strategy resumed Bitcoin purchases, acquiring 4,871 BTC for $329.9 million, while reporting a $14.46 billion unrealized loss and expanding its holdings. Michael Saylor’s Strategy, the world’s largest publicly listed holder of Bitcoin, resumed buying BTC last week after reporting no purchases in the final week of March. Strategy acquired 4,871 Bitcoin (BTC) for $329.9 million last week, according to an 8-K filing with the US Securities and Exchange Commission on Monday. The purchases were made at an average price of $67,718 per coin, below the company’s overall average acquisition price of $75,644. The new acquisitions bring Strategy’s holdings to 766,970 BTC, acquired for a total cost of around $58 billion. Read more