Alex Dovbnya

3 days ago | u.today | Alex Dovbnya

Strategy co-founder Michael Saylor has taken to the X social media network to tease yet another Bitcoin purchase that will likely be announced on May 12. As reported by U.Today, Strategy announced a $180 million Bitcoin purchase last Monday. The total number of coins held by the company now stands at more than 555,000 coins. The company's stock has risen by nearly 40% on a year-to-date basis.

3 days ago | u.today | Alex Dovbnya

Bitcoin, the leading cryptocurrency by market capitalization, approached the $105,000 level earlier this Sunday, reaching an intraday high of $104,958 on the Bitstamp exchange. There have now been a total of 12 days where the price of the leading cryptocurrency has closed above the highly important $100,000 mark. It's very quiet Despite the fact that Bitcoin is just inches away from reclaiming the $100,000 level, retail investors seemingly remain on the sidelines for now.

3 days ago | u.today | Alex Dovbnya

Global Macro CEO Raoul Pal has opined that meme cryptocurrency Dogecoin (DOGE) could potentially reach a new high against Bitcoin (BTC).   The chart shared by Pal shows a long-term falling wedge, which is a well-known bullish reversal pattern. Following years of rather uneventful price action during the 2014-2021 period, Dogecoin (DOGE) experienced an enormous rally in 2021. Pal appears to suggest that a similar scenario might play out this time around.

3 days ago | u.today | Alex Dovbnya

A whale on HyperLiquid, a popular decentralized perpetual exchange, has now deposited a total of $29 million to the platform in order to short Ethereum (ETH), Solana (SOL), and Bitcoin (BTC). According to the data provided by Whale Alert, the whale upped the ante, depositing another $12 million. The aforementioned coins are being shorted simultaneously with 3X leverage. The total value of the massive position currently stands at a whopping $69 million.

5 days ago | u.today | Alex Dovbnya

According to analyst Charlie Morris, Bitcoin, the leading cryptocurrency, has reached a new record high relative to the tech-heavy Nasdaq index.   The ratio of Bitcoin to Nadsaq futures (the "BitDAQ ratio") is now at its new peak, surging above 5. This essentially means that one Bitcoin is worth five times the value of a single Nasdaq futures contract.   Bitcoin, which tends to be correlated with traditional tech, has significantly outperformed this sector by acting as a safe haven asset.