MicroStrategy Leveraged ETFs’ Impact on Crypto Markets Is Growing: JPMorgan
Leveraged MicroStrategy ETFs attracted $3.4 billion of inflows in November, the report said.
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Leveraged MicroStrategy ETFs attracted $3.4 billion of inflows in November, the report said.
Bitcoin’s (BTC) recent rally, peaking at $99,655, has reignited enthusiasm for cryptocurrency-linked stocks. Despite failing to breach the $100,000 milestone, … Continue reading
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Long-term investors have sold almost 550,000 BTC, almost 4% of their holdings.
Last week, one-day profit-taking touched a record high in dollar terms, more than $10.5 billion.
The percentage drop from long-term holders continues to fall each cycle.
Under Michael Saylor’s leadership, MicroStrategy (NASDAQ: MSTR) has become the publicly-traded company that has most closely tied its prospects to … Continue reading
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MicroStrategy bought 55,500 more bitcoin over the past week for $5.4B, bringing its total holding to 386,700 BTC.
MicroStrategy recently entered the top 100 U.S. publicly traded companies by market cap, briefly surpassing $100 billion valuation.
The Nasdaq 100 Index begins its annual reranking this week, with results set to be announced on Dec. 13.
Bernstein raised its MicroStrategy price target to $600 from $290.
Broker Canaccord also increased its price target for the software company, to $510 from $300.
The shares rose over 6% in early trading Monday.
Is Michael Saylor’s MicroStrategy in bubble territory? (Danny Nelson/CoinDesk)
The latest price moves in bitcoin (BTC) and crypto markets in context for November 21, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Traders are adding leverage on top of an already leveraged MSTR ETF, signaling heightened risk appetite and a build up of speculative excesses.
The latest price moves in bitcoin (BTC) and crypto markets in context for November 20, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.