News background in the crypto space.

According to Glassnode, as BTC rose above $70,000, holders turned to selling to lock in profits.

According to Michael Saylor, MicroStrategy bought 9,245 BTC between March 11 and March 18 at an average price of $67,382. MicroStrategy's total cryptocurrency reserves reached 214,246 BTC, representing more than 1% of the total BTC supply.

CryptoQuant founder Ki Yoon Joo expressed concern about the boom in the meme token segment. In his opinion, such projects only harm the crypto industry. Yoon Joo compared the situation to the ICO boom in 2018, as a result of which most investors simply lost their invested funds.#BTC #news2024