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Share link:In this post: MicroStrategy’s Bitcoin strategy has yielded a 36x return. The company stock now offers a better risk-adjusted return than Bitcoin itself. MicroStrategy CEO pins the company performance on Bitcoin adoption and cloud-powered AI development.
After bitcoin’s recent surge above $66,000, bullish sentiment flooded the market. But could this be why the coin failed to unlock $70,000?
Share link:In this post: October has historically been a bullish month for Bitcoin. Bitcoin’s price cycles typically start gaining traction around 170 days after a halving, peaking roughly 480 days later. Both major U.S. candidates are showing an increased interest in digital assets, adding another layer of optimism to Bitcoin’s outlook.
Share link:In this post: Global liquidity is skyrocketing as central banks pump trillions into the market, setting the stage for a massive bull run. Bitcoin is closely tied to this and is expected to soar as liquidity injections continue. Institutions are being cautious, parking $2.5 trillion in the Fed’s reverse repo facility, but liquidity is still flooding the market.
- 16:51Economist: Core Inflation Indicator PCE Annual Rate Expected to Improve in AprilOn May 16, the core inflation indicator favored by the Federal Reserve may drop to its lowest level since 2021 in the April data. Economists from Pantheon Macroeconomics and Capital Economics estimate that the core PCE annual rate, excluding the more volatile food and energy prices, may decrease from 2.6% in March to 2.5% in April. This would be the lowest level since March 2021, just before the pandemic-era inflation surge truly began. (Jin10) BlockBeats previously reported that Federal Reserve Chairman Powell stated today that the April PCE might be around 2.2%.
- 16:51Spot gold rises above $3220/ounce, up 1.32% intradayOn May 16, spot gold extended its gains, rising above $3,220 per ounce, up 1.32% for the day.
- 16:50Bitcoin Surpasses $103,000On May 15, according to market information, Bitcoin surpassed $103,000, with the 24-hour decline narrowing to 0.4%.