Bitcoin price risks losing ‘critical technical level’ as stocks under pressure

Bitcoin faces pullback risk as U.S. stocks begin to drop following a six-week rally. U.S. stocks have started to correct as worries surrounding the pandemic are mounting. Meanwhile, Bitcoin (BTC) price has pulled back below $18,800 on Dec. 8 after struggling to break resistance at $19,500. The daily price chart of Bitcoin (Coinbase). Source: TradingView COVID-19 […]

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MicroStrategy will issue $400 million in securities to buy more Bitcoin

Leading business intelligence firm MicroStrategy is doubling-down on Bitcoin, announcing a securities offering to raise $400 million to invest in BTC. The world’s largest publicly traded business intelligence firm, MicroStrategy has announced plans to invest the proceeds from a $400 million securities offering into Bitcoin. On Dec. 7, the firm revealed plans to issue $400 […]

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