it turns out Fear is a great indicator of entry ... | Crypto Awaz on Binance Square

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it turns out Fear is a great indicator of entry ...

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Ripple, the company behind XRP, is scheduled to release another 1 billion XRP tokens on July 1st. This is a regular event for Ripple, but it can drive down the price of XRP because it increases the number of tokens available for purchase. Ripple has been doing this since 2017, releasing 1 billion XRP every month on the first day. They use specific accounts to manage these releases. In July, 500 million XRP will come from two accounts and another 500 million from a different account. This July release is part of a larger trend. In June, Ripple not only released the usual 1 billion XRP, but they also added an extra 200 million, making it their biggest sell-off ever. They then sold most of these extra tokens throughout the month. Historically, these Ripple sell-offs tend to hurt the price of XRP. In fact, so far in 2024, only a few days after a sell-off did the price actually go up. With XRP already having a rough year, this July release could put further downward pressure on the price. Follow for more news every day :) #crypto #cryptocurrency #cryptoawaz #cryptonews #XRP #ripple

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Software giant MicroStrategy keeps adding to its massive Bitcoin collection. The company recently bought another 12,000 Bitcoins, bringing its total holdings to a staggering 226,331, worth almost $15 billion. This makes them the undisputed king of corporate Bitcoin ownership. MicroStrategy's buying spree started in April and continued until June. They paid an average of $65,883 per Bitcoin, spending roughly $780 million in total. This latest purchase strengthens their belief in Bitcoin's future potential. With this acquisition, MicroStrategy now controls roughly 1% of all Bitcoins in existence. They've invested a total of $8.33 billion to build this impressive stockpile, averaging $36,798 per Bitcoin. Interestingly, they raised most of the funds for these purchases by selling convertible notes, a strategy they've used successfully before. MicroStrategy's CEO, Michael Saylor, is a big Bitcoin believer. He sees it as a shield against inflation and a reliable way to store value. This belief has driven the company's aggressive Bitcoin buying strategy throughout the year. Their stock price reflects this strategy too, soaring over 345% in the past year, despite a recent dip. MicroStrategy's dedication to Bitcoin is clear. They've strategically acquired a massive amount of Bitcoin, funded by convertible note offerings, and are now the world's leading corporate Bitcoin holder. Their actions are influencing other companies and paving the way for wider Bitcoin adoption. Follow for more news every day :) #crypto #cryptocurrency #bitcoin #BTC #cryptoawaz #cryptonews #microstrategy

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German government is cashing in on a massive Bitcoin haul they seized from operators of a movie piracy website. Over the past day, they've sold $195 million worth of Bitcoin, likely through major exchanges like Coinbase and Kraken. This is just the beginning, though, as they still hold onto a whopping $3.05 billion in Bitcoin. This big sell-off isn't surprising. Recently, German authorities have been moving large amounts of Bitcoin around, hinting at future sales. The Bitcoin they're selling came from the operators of Movie2k, a defunct piracy website. The suspects actually handed over the Bitcoin (almost 50,000 worth!) to the German police back in January. Unsurprisingly, all this selling is pushing down the price of Bitcoin. It's dropped almost 1% in the last day and nearly 3% in the last week. But not everyone is panicking. Companies like MicroStrategy are still buying big, recently scooping up $786 million worth of Bitcoin. Follow for more news every day :) #crypto #cryptocurrency #bitcoin #BTC #cryptoawaz #cryptonews #german #government

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