Join the Trading Community: Learn & Earn with BingX.
Today’s Cryptocurrency Headline
According to CryptoWhale, MicroStrategy has transferred 2,089 bitcoins ($48 million) into a new wallet, the first time the company has moved their Bitcoin holdings, which could mean MicroStrategy plans to dump its bitcoin holdings. MicroStrategy and related entities currently hold 129,218 bitcoins, with an average purchase price of $30,700. Bitcoin is currently at $23,620, down 14% in 24 hours, while MicroStrategy’s book floating loss is $1 billion.
BingX’s Bitcoin Chart
According to CoinShare, digital asset investment products saw outflows totalling US$102m last week, and Bitcoin saw outflows totalling US$57m last week bring month-to-date outflows to US$91m. Bitcoin is down 17.30% over the last 24 hours and fell to an intraday low of $21,900.27. The cryptocurrency market plummeted alongside the equities markets and the selling pressure increased further due to the liquidity crisis of major lending platform Celsius. If the BTC/USDT pair drops below the psychological level at $20,000, the pair could find support at around $18,000.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.