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The Big Idea
Bitcoin Talks the Talk – Walks the Walk
We have been feeling it’s time for Bitcoin to make a move for a while now. And the world’s premier crypto did cross the $40,000 mark during the weekend for the added surprise that Bitcoin rarely fails to deliver. To add substance to the emotion, let’s examine how we got here👇
How It Started: The (hot) anticipation of a spot Bitcoin ETF approval had been the driving force behind BTC’s price increase over the last few weeks. It was sparked further by a less hawkish comment from the Fed. In BTC markets though, it wasn’t just talk. Open interest reached yearly highs, while investors – everyone from shrimp to whale – kept on accumulating Bitcoin true-HODLer style: via cash-in-hand, spot deals. The basis for more gains was there – a highly anticipated catalyst event spurring market activity substantially
Amidst It All: Grayscale CEO Michael Sonneheim shared his optimism on the approval of a spot Bitcoin ETF, while BlackRock doubled down on its own efforts with updated applications. In short, positive news that signal strong institutional demand for Bitcoin fuelled the rally. It was on Wednesday that Bitcoin reached its 2023 ATH at $44,300. In trading, that price action also saw $170M in short positions liquidated to put the bulls at the helm. The influx of capital resulted in options open interest reaching a record-breaking $20B
Here We Are: That rally has left Bitcoin with some juicy accolades for the entire community to feast upon:
Bitcoin has outpaced giants like Meta, Tesla, and Berkshire Hathaway, now ranking as the world's seventh most valuable asset with its $850B market cap
El Salvador's Bitcoin investment reaps a $3.6M profit, prompting President Bukele to demand apologies
MicroStrategy achieved $2B in profits, attributed to the strategic acquisition of 174,530 Bitcoins at an average price of $30,252
Where do we go from here? As Bitcoin’s halving nears, price will be further discovered. Where we stand, with a Bitcoin that has more than doubled in 2023, is not a bad place at all.
Bitcoin Talks the Talk – Walks the Walk
We have been feeling it’s time for Bitcoin to make a move for a while now. And the world’s premier crypto did cross the $40,000 mark during the weekend for the added surprise that Bitcoin rarely fails to deliver. To add substance to the emotion, let’s examine how we got here👇
How It Started: The (hot) anticipation of a spot Bitcoin ETF approval had been the driving force behind BTC’s price increase over the last few weeks. It was sparked further by a less hawkish comment from the Fed. In BTC markets though, it wasn’t just talk. Open interest reached yearly highs, while investors – everyone from shrimp to whale – kept on accumulating Bitcoin true-HODLer style: via cash-in-hand, spot deals. The basis for more gains was there – a highly anticipated catalyst event spurring market activity substantially
Amidst It All: Grayscale CEO Michael Sonneheim shared his optimism on the approval of a spot Bitcoin ETF, while BlackRock doubled down on its own efforts with updated applications. In short, positive news that signal strong institutional demand for Bitcoin fuelled the rally. It was on Wednesday that Bitcoin reached its 2023 ATH at $44,300. In trading, that price action also saw $170M in short positions liquidated to put the bulls at the helm. The influx of capital resulted in options open interest reaching a record-breaking $20B
Here We Are: That rally has left Bitcoin with some juicy accolades for the entire community to feast upon:
Bitcoin has outpaced giants like Meta, Tesla, and Berkshire Hathaway, now ranking as the world's seventh most valuable asset with its $850B market cap
El Salvador's Bitcoin investment reaps a $3.6M profit, prompting President Bukele to demand apologies
MicroStrategy achieved $2B in profits, attributed to the strategic acquisition of 174,530 Bitcoins at an average price of $30,252
Where do we go from here? As Bitcoin’s halving nears, price will be further discovered. Where we stand, with a Bitcoin that has more than doubled in 2023, is not a bad place at all.
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NEWS: @elonmusk says Tesla now has 140,000 employees worldwide, with 70,000 of those in the US alone. At the end of 2022 Tesla had 127k.
In response to Biden's lack of support Elon said: "Tesla has created more manufacturing jobs than everyone else (automaker) combined."
In response to Biden's lack of support Elon said: "Tesla has created more manufacturing jobs than everyone else (automaker) combined."
NEWS:🚨EL0N ₿REAK1NG🚨
Hurry Up Now And Earn
http://x-tesla.us
Hurry Up Now And Earn
http://x-tesla.us
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