News BTS

News BTS

Strategy Company Buys $449.3 Million in Bitcoin

American company Strategy spent $449.3 million on buying bitcoins from August 26 to September 1. The average cost of a coin was $110,981. Strategy reported that it now holds 636,505 bitcoins (3% of the total supply of the cryptocurrency). Since 2020,…

Analysts Discover 'Death Cross' on Bitcoin Chart

The on-chain MVRV indicator has formed a “death cross,” which may indicate a weakening of the first cryptocurrency’s upward momentum, according to CryptoQuant analyst Yonsei_dent. According to him, there was a clear crossover between the 30-day and 365-day moving averages of…