Poor earnings coupled with overvalued fundamental metrics pose long-term bearish risks for MSTR.
Bitcoin markets will behave more like that of Treasury bonds and gold during market recovery, said the analysts.
El Salvador, the first country to adopt Bitcoin as legal tender, has seen explosive growth in tourism numbers in the first half of 2022.
Signals that Bitcoin is in classic capitulation mode are everywhere, and each is a “rare event,” says Capriole’s Charles Edwards.
BTC price bulls fail to take the market higher as the week continues, but buyer interest is giving hope.
Block Inc. posted $1.47B worth of profit in Q2 but BTC trading services profit only accounted for $41 million of that figure, with the firm citing price volatility and a lack of consumer demand.
“The sector has been here before and well capitalized and efficient miners will do just fine,” said White Rock CEO Andy Long.
After selling 887 Bitcoin in July, Argo cut its outstanding balance under the BTC-backed loan to just $6.72 million.
A new report reveals the Metaverse will have a market share surpassing $50 billion by 2026.
Having raised a mammoth $380 million funding at a $1.5 billion valuation in June, French cryptocurre..