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We're So Back
Bitcoin is back above $63K. Plus, what is going on with MSTR?
Sebastian Soran
July 15, 2024
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Happy Monday, Zingernation! Bitcoin is back above $63K and bearish scenarios have been invalidated…or haven’t they?
Today, we cover why institutional investors are piling into Bitcoin, what is going on with MicroStrategy stock and more.
Plus, our partner pioneered the ‘rapid onset’ THC gummies.
MARKET SNAPSHOT
TOP STORY
Briefly: Bitcoin is back above $63,000 for the first time in 12 days as U.S. institutional investors pile into the apex crypto.
So Basically: According to on-chain analytics firm CryptoQuant, the Coinbase Premium Gap, seen as the measure of whale accumulation in the U.S., has widened.
So Then: CryptoQuant anticipated the rally to sustain as the market moves into a new trading week.
So What: With former President Donald Trump surviving an assassination bid and his odds of securing another term in office rising to all-time highs, investors grew hopeful about the market’s future.
TOGETHER WITH CRYPTOREVOLUTION
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Nobody will ever know you’re enjoying some THC.
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FIVE ZINGERS
So Back: Bitcoin is poised for a significant Bitcoin dominance rally in the final quarter of 2024 after its rebound above $63,000.
Explosion: DOGE is up 8% over the past week, but there is one indicator that shows it could rally as much as 75% soon.
Rallying: ETH is another crypto to rally and its rebound above $3,300 is fueling predictions that this week might finally see ETFs approved.
Unleashed: A long-inactive Bitcoin wallet has woken up from its slumber and is ready to take profit on its 497X return worth $60 million.
Notorious: North Korea’s infamous Lazarus hack group is suspected of laundering $35 million from the infamous $305 DMM Bitcoin heist.
TOGETHER WITH MOOD
Most people prefer to smoke cannabis but that isn’t an option if you’re at work or in public.
That’s why we were so excited when we found out about Mood’s new Rapid Onset THC Gummies. They can take effect in as little as 5 minutes without the need for a lighter, lingering smells or any coughing.
Nobody will ever know you’re enjoying some THC.
We recommend you try them out because they offer a 100% money-back guarantee. And for a limited time, you can receive 20% off with code FIRST20.
FINTECH FOCUS
Briefly: MicroStrategy shares are trading higher on Monday after Bitcoin crossed the $63,000 mark.
What Happened: Bitcoin has rallied more than 5% over the past 24 hours as investors interpret the failed assassination attempt of President Trump as a positive development for cryptocurrencies.
What Else: MicroStrategy recently announced a 10-for-1 stock split which aims to make MicroStrategy's shares more accessible to both investors and employees and could broaden its shareholder base.
Why It Matters: Wall Street analysts have an average 12-month price target of $2078.67 on MicroStrategy. The Street high target is currently at $2890 and the Street low target is $1590.
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