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Mr Imed
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Chinese mining firm SOS Limited invests $50 million in Bitcoin, shares surge 100% This follows MicroStrategy’s $5.4 billion purchase and Marathon Digital’s $1 billion raise. Bitcoin has recovered to $96,000 after a brief dip below $91,000.
💡 Quick summary:
Historically, similar institutional buying has led to 10-15% gains in Bitcoin. Watch for similar moves from other Asian companies. Consider investing in mining stocks that show correlation to Bitcoin. Watch for key support at $91,000.
💡 Quick summary:
Historically, similar institutional buying has led to 10-15% gains in Bitcoin. Watch for similar moves from other Asian companies. Consider investing in mining stocks that show correlation to Bitcoin. Watch for key support at $91,000.
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