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$BTC c can we have one more dip to 50k ?đ
â Stay with me follow my updates đ
#BTCâ #btcdown #updates #dogs #BinanceLaunchpoolDOGS
â Stay with me follow my updates đ
#BTCâ #btcdown #updates #dogs #BinanceLaunchpoolDOGS
Bitcoin analysis
đBitcoin must break the "resistance level" of $62,000 to avoid another "Black Monday"
An analyst at a Cryptocurrency exchange pointed out that BTC is at a critical threshold: it needs to reach $62,000 and maintain this level to avoid retesting $49,000. However, some Cryptocurrency traders believe that it is unlikely that BTC/USD will fall below $50,000 in the short term.
Kraken stated in the technical market update on Cointelegraph on August 21st: "PA indicates a corrective pattern rather than a strong bullish reversal." According to CoinMarketCap's data, as of the time of publication of this article, the trading price of BTC is $60,691, which has not reached $62,000 since August 9th.
âïž It further explains that the trading price of BTC is close to its 200-day exponential moving average (MA) of $59,500, which makes the latest price data more influential. Kra/ken states that in order to avoid retesting $49,000, BTC needs to 'break through' the 'resistance level' of $62,000.
The last time BTC fell below $50,000 was on August 5th, when it dropped to $49,842, known as "Cryptocurrency Black Monday", the first time BTC has touched this level since February. According to CoinGlass data, a rise to $62,000 would be an unexpected move for many futures traders and would result in a $1.04 billion loss in short positions.
Traders have different emotions đŒ
The report states, "This level is crucial, as failing to hold it may herald a deeper adjustment." An anonymous Cryptocurrency trader, Profit Blue, expressed a similar view to his 257,100 followers in a post on X on August 22. Profit Blue claimed, "If BTC starts to break through $62,000 strongly from now, it is likely to set a new all-time high."
If not, it will fall again to below $50,000. At the same time, other traders believe that the downward momentum is about to end, and consider the recent big dump to be just a buying opportunity.
âïžCryptocurrency commentator Alex Becker said to his 1 million X fans in a post on August 22nd, 'Brother, this is your last chance to pump BTC below $60,000.' 'BTC at $60,000... pumped about 4 times from the bottom. Just like in 2017 and before the big pumps in 2020/2021,' added Cryptocurrency trader PlanB.
This article does not contain investment advice or recommendations. Every investment and trading activity involves risks, and readers should conduct their own research when making decisions.
$BTC
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#BinanceHODLerBANANA #dogs #BinanceLaunchpoolDOGS #BTCâ #UpdateAlert
An analyst at a Cryptocurrency exchange pointed out that BTC is at a critical threshold: it needs to reach $62,000 and maintain this level to avoid retesting $49,000. However, some Cryptocurrency traders believe that it is unlikely that BTC/USD will fall below $50,000 in the short term.
Kraken stated in the technical market update on Cointelegraph on August 21st: "PA indicates a corrective pattern rather than a strong bullish reversal." According to CoinMarketCap's data, as of the time of publication of this article, the trading price of BTC is $60,691, which has not reached $62,000 since August 9th.
âïž It further explains that the trading price of BTC is close to its 200-day exponential moving average (MA) of $59,500, which makes the latest price data more influential. Kra/ken states that in order to avoid retesting $49,000, BTC needs to 'break through' the 'resistance level' of $62,000.
The last time BTC fell below $50,000 was on August 5th, when it dropped to $49,842, known as "Cryptocurrency Black Monday", the first time BTC has touched this level since February. According to CoinGlass data, a rise to $62,000 would be an unexpected move for many futures traders and would result in a $1.04 billion loss in short positions.
Traders have different emotions đŒ
The report states, "This level is crucial, as failing to hold it may herald a deeper adjustment." An anonymous Cryptocurrency trader, Profit Blue, expressed a similar view to his 257,100 followers in a post on X on August 22. Profit Blue claimed, "If BTC starts to break through $62,000 strongly from now, it is likely to set a new all-time high."
If not, it will fall again to below $50,000. At the same time, other traders believe that the downward momentum is about to end, and consider the recent big dump to be just a buying opportunity.
âïžCryptocurrency commentator Alex Becker said to his 1 million X fans in a post on August 22nd, 'Brother, this is your last chance to pump BTC below $60,000.' 'BTC at $60,000... pumped about 4 times from the bottom. Just like in 2017 and before the big pumps in 2020/2021,' added Cryptocurrency trader PlanB.
This article does not contain investment advice or recommendations. Every investment and trading activity involves risks, and readers should conduct their own research when making decisions.
$BTC
â Follow me for updates đ
#BinanceHODLerBANANA #dogs #BinanceLaunchpoolDOGS #BTCâ #UpdateAlert
Trump Win Could Mark Bitcoin Bottom, Says Bernstein
A new report from Bernstein Research suggests that the outcome of the upcoming U.S. presidential election could have a significant impact on the cryptocurrency market, particularly Bitcoin. The report states that a potential victory for Donald Trump could lead to a bottom in Bitcoin prices and subsequent growth. The analysis also highlights the recent capital-raising activities of major U.S.-listed Bitcoin mining companies....
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$BTC $ETH
#MarketDownturn #BinanceTurns7 #LowestCPI2021 #BlackRockETHOptions #LowestCPI2021
A new report from Bernstein Research suggests that the outcome of the upcoming U.S. presidential election could have a significant impact on the cryptocurrency market, particularly Bitcoin. The report states that a potential victory for Donald Trump could lead to a bottom in Bitcoin prices and subsequent growth. The analysis also highlights the recent capital-raising activities of major U.S.-listed Bitcoin mining companies....
â Follow me for updates đ
$BTC $ETH
#MarketDownturn #BinanceTurns7 #LowestCPI2021 #BlackRockETHOptions #LowestCPI2021
đšBREAKINGđš
đ·đș PRESIDENT PUTIN SIGNS LAW
LEGALIZING BITCOIN AND CRYPTO
MINING IN RUSSIA.
THIS IS GIGA BULLISH đ„
â Follow me for updates đ
$BTC $ETH $BNB
#TONonBinance #BinanceTurns7 #BinanceTournament #BTCâ #Russia
đ·đș PRESIDENT PUTIN SIGNS LAW
LEGALIZING BITCOIN AND CRYPTO
MINING IN RUSSIA.
THIS IS GIGA BULLISH đ„
â Follow me for updates đ
$BTC $ETH $BNB
#TONonBinance #BinanceTurns7 #BinanceTournament #BTCâ #Russia
$ETH / $USD - Update
$2,700 is a pivotal support area here. Elliott Wave supports the idea of another high, so this is what i am looking for â
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$ETH
#CPIAlert #Megadrop #ETHETFsApproved #BinanceTournament #VanEck_SOL_ETFS
$2,700 is a pivotal support area here. Elliott Wave supports the idea of another high, so this is what i am looking for â
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$ETH
#CPIAlert #Megadrop #ETHETFsApproved #BinanceTournament #VanEck_SOL_ETFS
#LINKđ„đ„đ„ It continues to be priced with reactions from the tested area many times in our daily chart. The approximate level of $16.60 indicated is followed by its permanence above the region and its continuation of the upward trend.
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$LINK
#BTCâ #CryptoTradingGuide #BinanceTournament #Megadrop
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$LINK
#BTCâ #CryptoTradingGuide #BinanceTournament #Megadrop
â
Bitcoin Falls Below $60,000 as Crypto Liquidations Top $330 Millionđ„đ„
Bitcoin has dropped below $60,000 for the first time since May, following the announcement that Mt. Gox creditors will start receiving repayments in Bitcoin and Bitcoin Cash. The market reacted with fear that the creditors would sell off their coins, potentially causing a significant capital outflow. Over $1.2 billion worth of assets has flowed out of U.S. Bitcoin ETFs in the past two weeks.
$BTC
#Megadrop #MicroStrategy #CPIAlert #BinanceTournament #BTCFOMCWatch
Bitcoin has dropped below $60,000 for the first time since May, following the announcement that Mt. Gox creditors will start receiving repayments in Bitcoin and Bitcoin Cash. The market reacted with fear that the creditors would sell off their coins, potentially causing a significant capital outflow. Over $1.2 billion worth of assets has flowed out of U.S. Bitcoin ETFs in the past two weeks.
$BTC
#Megadrop #MicroStrategy #CPIAlert #BinanceTournament #BTCFOMCWatch
đSolanaïŒSOLïŒwill soar to $150 again,đ„đ„ EthereumïŒETHïŒwill rise sharply?
Solana may once again target the price threshold of $150, as the price has begun to show potential for a reversal after reaching the 200 EMA. A flattening trend is often one of the first signs of an upcoming price reversal. However, it is important to remain cautious as Solana is still in a downward trend in the medium term.
The SOL/ETH chart shows that Solana has been steadily declining over the past few months, but a recent turnaround may be in sight. The price has rebounded after touching the 200 EMA (support level), indicating a bullish momentum may be forming.
The RSI is currently in the oversold area near 35. This may mean that buyers are about to intervene, and selling pressure is weakening. The MACD histogram also shows signs of a possible bullish crossover. Trading volume analysis indicates increased buying activity, which could be good news for Solana.
â Given the significant increase in trading volume, traders seem to be accumulating SOL at these lower price points. While these indicators are encouraging, it is crucial to recognize the challenges that Solana may encounter during the recovery process.
đȘThe Reversal Potential of Ethereum
As the second largest cryptocurrency Ethereum enters a falling wedge pattern and relies on the 50 EMA, Ethereum may be laying the foundation for a price surge. At this technical threshold, Ethereum is prone to reversals.
â The falling wedge pattern is usually interpreted as a bullish reversal pattern, indicating a possible upcoming uptrend and the potential end of a downtrend. Based on the recent price trend of Ethereum, the peak of this pattern (usually occurring before a breakout) is getting closer. The blue line on the chart, the 50 EMA, has been an important support level. The price of Ethereum has rebounded multiple times from this level, indicating significant buying interest in this area.đ
$ETH $SOL
#ETHETFsApproved #ETHđ„đ„đ„đ„ #SolanaUSTD #Megadrop #MicroStrategy
Solana may once again target the price threshold of $150, as the price has begun to show potential for a reversal after reaching the 200 EMA. A flattening trend is often one of the first signs of an upcoming price reversal. However, it is important to remain cautious as Solana is still in a downward trend in the medium term.
The SOL/ETH chart shows that Solana has been steadily declining over the past few months, but a recent turnaround may be in sight. The price has rebounded after touching the 200 EMA (support level), indicating a bullish momentum may be forming.
The RSI is currently in the oversold area near 35. This may mean that buyers are about to intervene, and selling pressure is weakening. The MACD histogram also shows signs of a possible bullish crossover. Trading volume analysis indicates increased buying activity, which could be good news for Solana.
â Given the significant increase in trading volume, traders seem to be accumulating SOL at these lower price points. While these indicators are encouraging, it is crucial to recognize the challenges that Solana may encounter during the recovery process.
đȘThe Reversal Potential of Ethereum
As the second largest cryptocurrency Ethereum enters a falling wedge pattern and relies on the 50 EMA, Ethereum may be laying the foundation for a price surge. At this technical threshold, Ethereum is prone to reversals.
â The falling wedge pattern is usually interpreted as a bullish reversal pattern, indicating a possible upcoming uptrend and the potential end of a downtrend. Based on the recent price trend of Ethereum, the peak of this pattern (usually occurring before a breakout) is getting closer. The blue line on the chart, the 50 EMA, has been an important support level. The price of Ethereum has rebounded multiple times from this level, indicating significant buying interest in this area.đ
$ETH $SOL
#ETHETFsApproved #ETHđ„đ„đ„đ„ #SolanaUSTD #Megadrop #MicroStrategy
#doge⥠On our daily chart, the price, which has previously received a lot of reactions, is trying to hold on to the important support area. If there is no closing below the gray area, we can see a movement towards the upper resistances.
â Follow me for updates đ
$DOGE
#ETHETFsApproved #DogecoinCommunity #Megadrop #BinanceTournament
â Follow me for updates đ
$DOGE
#ETHETFsApproved #DogecoinCommunity #Megadrop #BinanceTournament
â
INJ, which managed to maintain $25 as support, started to rise with the recovery of BTC. đ„đ„
â The popular altcoin, which recorded an increase of 8.40% in the last 24 hours, has entered the list from the third place. The decisive level for INJ seems to be the $30 range.đ„
â Follow me for updates đ
$INJ
#InjectiveCoin #INJ/USDTđ #BTCFOMCWatch #altcoins #BTC
â The popular altcoin, which recorded an increase of 8.40% in the last 24 hours, has entered the list from the third place. The decisive level for INJ seems to be the $30 range.đ„
â Follow me for updates đ
$INJ
#InjectiveCoin #INJ/USDTđ #BTCFOMCWatch #altcoins #BTC
đąNow time to say about $IO . Many people are saying IO hold or sell.đš
â ïžI am speaking my own opinion, accept it if you like it, don't accept it if you don't like it.â
đI think it would be better to hold the $IO price increase more.But it will take time to grow. Because all those who received tokens from airdrop have not yet been able to withdraw the tokens.Many transactions are pending.đ
đThe price will continue to rise after the Airdrop token is sold for a while. So everyone try to hold and buy if you want.đ
â Follow me for updates đ
$IO
#IOprediction #ionet #TopCoinsJune2024 #BTC #bitcoin
â ïžI am speaking my own opinion, accept it if you like it, don't accept it if you don't like it.â
đI think it would be better to hold the $IO price increase more.But it will take time to grow. Because all those who received tokens from airdrop have not yet been able to withdraw the tokens.Many transactions are pending.đ
đThe price will continue to rise after the Airdrop token is sold for a while. So everyone try to hold and buy if you want.đ
â Follow me for updates đ
$IO
#IOprediction #ionet #TopCoinsJune2024 #BTC #bitcoin
đ„đ„Don't panic. The bearish volume at the four-hour level is diminishing, and there should be support around 66400,đ„đ„
â the 0.618 Fibonacci retracement level.
After the Fed announces the CPI tomorrow night, it will be a make-or-break situation. We have to wait for the data to come out before catching the bottom.đ
â Follow me for updates đ
$BTC
#altcoins #BTC #bitcoin
â the 0.618 Fibonacci retracement level.
After the Fed announces the CPI tomorrow night, it will be a make-or-break situation. We have to wait for the data to come out before catching the bottom.đ
â Follow me for updates đ
$BTC
#altcoins #BTC #bitcoin
đ KNC/USDT đ
đ Great trading volume + breakout nearing on weekly timeframe đ§
đ„ Expecting over 40% gains in the coming bullish wave đ
đ€ What are your predictions for $KNC ? đđ
Drop comment â đ„
$KNC
#KNC/USDT #KNC #TopCoinsJune2024 #altcoins #BTC
đ Great trading volume + breakout nearing on weekly timeframe đ§
đ„ Expecting over 40% gains in the coming bullish wave đ
đ€ What are your predictions for $KNC ? đđ
Drop comment â đ„
$KNC
#KNC/USDT #KNC #TopCoinsJune2024 #altcoins #BTC
đ° DOGE/USDT đ
đ Price has pulled back after facing resistance at the descending triangle upper boundaryđ»âŠ
â Buy part by part đ€
â Follow me for updates đ
$DOGE
#Binance200M #doge⥠#BTC #altcoins #bitcoin
đ Price has pulled back after facing resistance at the descending triangle upper boundaryđ»âŠ
â Buy part by part đ€
â Follow me for updates đ
$DOGE
#Binance200M #doge⥠#BTC #altcoins #bitcoin
đ„Are you still confused about how to lay out your investments after this market trend and haven't recovered yet?đ„
â Please follow and read to find out what to do next.
If you are still profitable in the crypto world, you can ignore this content and play according to your own ideas.
-
â 1. If you have been losing money and still do not know why, the fundamental reason for the loss is what? Even if you have lost, you don't know how to learn. From entering the circle until now, you like to buy randomly without knowing what you are buying.
-
â 2. Even don't know which zones are in the crypto world, which zones are currently trending, still buying a bunch of crappy coins, and in the end of the bull market, the coins bought are almost delisted, still depositing faith in oneself.
â 3. When there are bullets in the warehouse, I always can't help but buy more, and then when there is a pullback, there are no bullets again.
ââ
â If you still don't understand how to play, be sure to follow K god.
Learning is the greatest investment in oneself, and what is gained from learning is not money, but the confidence to navigate through it.
Learning is always the best investment.
Following Kç„ always learns something, there is nothing worth it or not.
âââ- follow me for updates đ
$BTC
#BTC #altcoins #bitcoin #TopCoinsJune2024 #Crypto_JobsđŻ
â Please follow and read to find out what to do next.
If you are still profitable in the crypto world, you can ignore this content and play according to your own ideas.
-
â 1. If you have been losing money and still do not know why, the fundamental reason for the loss is what? Even if you have lost, you don't know how to learn. From entering the circle until now, you like to buy randomly without knowing what you are buying.
-
â 2. Even don't know which zones are in the crypto world, which zones are currently trending, still buying a bunch of crappy coins, and in the end of the bull market, the coins bought are almost delisted, still depositing faith in oneself.
â 3. When there are bullets in the warehouse, I always can't help but buy more, and then when there is a pullback, there are no bullets again.
ââ
â If you still don't understand how to play, be sure to follow K god.
Learning is the greatest investment in oneself, and what is gained from learning is not money, but the confidence to navigate through it.
Learning is always the best investment.
Following Kç„ always learns something, there is nothing worth it or not.
âââ- follow me for updates đ
$BTC
#BTC #altcoins #bitcoin #TopCoinsJune2024 #Crypto_JobsđŻ
#BTC at $70K. Break ATH soon?#
đ BTC/USDT đ
đș Bitcoin rebounded from the support trendline of an ascending triangle pattern! đ
đ€ Facing resistance now, but 50 MA is providing strong support đȘ$75.000đ°
đ A breakout from the triangle could trigger another bullish rally đšâđ»
â Buy every strong project part buy part and hold it for bull market đ
â Follow me for every crypto updates đ
$BTC
#BTC #bitcoin #altcoins #ETHETFsApproved
đ BTC/USDT đ
đș Bitcoin rebounded from the support trendline of an ascending triangle pattern! đ
đ€ Facing resistance now, but 50 MA is providing strong support đȘ$75.000đ°
đ A breakout from the triangle could trigger another bullish rally đšâđ»
â Buy every strong project part buy part and hold it for bull market đ
â Follow me for every crypto updates đ
$BTC
#BTC #bitcoin #altcoins #ETHETFsApproved
đ Important Notice đ„đ
The US data to be released today may determine the market trend. Therefore, be prepared for the possibility of intense fluctuations in liquidation actions.
$BTC rose more than $5000 in a single day last month.đ
If today we see data that meets or falls below expectations, we can expect it to have a positive impact on the market.
đImportant Notice đ„đ
The U.S. data to be released today may determine the market trend. Therefore, be prepared to deal with the possible intense fluctuation in clearing actions.
Last month, $BTC surged more than $5000 in a single day.
If we see data that meets or falls below expectations today, we can expect it to have a positive impact on the market.đ
â Follow me for updates đ $BTC
#bitcoin #BTC #cpi #Binance55thProject(IO) #BnbAth
The US data to be released today may determine the market trend. Therefore, be prepared for the possibility of intense fluctuations in liquidation actions.
$BTC rose more than $5000 in a single day last month.đ
If today we see data that meets or falls below expectations, we can expect it to have a positive impact on the market.
đImportant Notice đ„đ
The U.S. data to be released today may determine the market trend. Therefore, be prepared to deal with the possible intense fluctuation in clearing actions.
Last month, $BTC surged more than $5000 in a single day.
If we see data that meets or falls below expectations today, we can expect it to have a positive impact on the market.đ
â Follow me for updates đ $BTC
#bitcoin #BTC #cpi #Binance55thProject(IO) #BnbAth
đ„In the field of meme coins, Shiba Inu coin (SHIB), second only to Dogecoinđ„
â (DOGE), has recently attracted the attention of many investors. Recently, a mysterious whale has spent about $18.44 million in just six hours to purchase a staggering 715.9 billion SHIB tokens. This astonishing buying volume undoubtedly injects strong momentum into SHIB and has triggered widespread speculation in the market about its imminent big pump. Investors are eagerly following the future trend of SHIB, hoping that it can once again create miracles.đ
â Follow me for every crypto updates đ
$SHIB $DOGE
#doge⥠#Shibalnu #shiba⥠#BTC #altcoins
â (DOGE), has recently attracted the attention of many investors. Recently, a mysterious whale has spent about $18.44 million in just six hours to purchase a staggering 715.9 billion SHIB tokens. This astonishing buying volume undoubtedly injects strong momentum into SHIB and has triggered widespread speculation in the market about its imminent big pump. Investors are eagerly following the future trend of SHIB, hoping that it can once again create miracles.đ
â Follow me for every crypto updates đ
$SHIB $DOGE
#doge⥠#Shibalnu #shiba⥠#BTC #altcoins
âĄïžIs Bitcoin (BTC) hiding a disaster coming?đ„đ„đ„
Bitcoin recently achieved a major milestone by surpassing the $70,000 mark. However, the formation of a double top pattern around $71,900 could be a warning sign that this achievement is about to happen.
â According to technical analysis, the double top pattern is a bearish signal on the BTC chart that is about to end. This pattern occurs when an asset reaches a peak, retraces its steps, then peaks again before starting to decline. This pattern indicates that a decline may be imminent and the asset may have difficulty maintaining its upward momentum.
đAnalysis of Bitcoin's current trend chart: Taking Bitcoin as an example, the price tried to rise after breaking through $70,000, but encountered resistance near $71,900. If Bitcoin fails to overcome this resistance and falls back, it may complete a double top pattern, indicating that the current rally may end.
Relative Strength Index (RSI): Price corrections usually precede overbought levels, and Bitcoin is approaching overbought levels.
Volume: Volume has not been particularly high in the recent uptrend, which means that buying pressure may be waning.
âïžBroader market context: Despite these warning signs, overall market sentiment remains largely positive. Growing public and institutional acceptance of Bitcoin could offset any potential bearish trends.
Important levels to watch: Support at $70,000: If Bitcoin falls below this level, it could validate the double top pattern and spark a decline. Resistance is at $71,900. Volume above this point could invalidate the bearish pattern and show that the upward momentum is still there.đ
â Follow me for updates đ
$BTC $ETH $BNB
#BTC #bitcoin #ETHETFsApproved #BnbAth #StartInvestingInCrypto
Bitcoin recently achieved a major milestone by surpassing the $70,000 mark. However, the formation of a double top pattern around $71,900 could be a warning sign that this achievement is about to happen.
â According to technical analysis, the double top pattern is a bearish signal on the BTC chart that is about to end. This pattern occurs when an asset reaches a peak, retraces its steps, then peaks again before starting to decline. This pattern indicates that a decline may be imminent and the asset may have difficulty maintaining its upward momentum.
đAnalysis of Bitcoin's current trend chart: Taking Bitcoin as an example, the price tried to rise after breaking through $70,000, but encountered resistance near $71,900. If Bitcoin fails to overcome this resistance and falls back, it may complete a double top pattern, indicating that the current rally may end.
Relative Strength Index (RSI): Price corrections usually precede overbought levels, and Bitcoin is approaching overbought levels.
Volume: Volume has not been particularly high in the recent uptrend, which means that buying pressure may be waning.
âïžBroader market context: Despite these warning signs, overall market sentiment remains largely positive. Growing public and institutional acceptance of Bitcoin could offset any potential bearish trends.
Important levels to watch: Support at $70,000: If Bitcoin falls below this level, it could validate the double top pattern and spark a decline. Resistance is at $71,900. Volume above this point could invalidate the bearish pattern and show that the upward momentum is still there.đ
â Follow me for updates đ
$BTC $ETH $BNB
#BTC #bitcoin #ETHETFsApproved #BnbAth #StartInvestingInCrypto
đ„đ„Semler Scientific currently holds 828 Bitcoins and plans to spend $150 million to buy more Bitcoinsđ„đ„
â The medical manufacturer currently holds 828 bitcoins and said it will âcontinue to pursue its strategy of purchasing bitcoin with cash.â
Nasdaq-listed medical manufacturer Semler Scientific, which made headlines last month for adding Bitcoin (BTC) to its vaults, has purchased another $17 million worth of the asset and may raise up to $150 million to purchase more.
â The companyâs latest Bitcoin purchase was disclosed in an S-3 filing with U.S. securities regulators on June 6. After initially purchasing 581 Bitcoins on May 28, the company currently holds 828 Bitcoins, valued at over $58.5 million.
â Semler didnât waste much time, either. The company announced it could raise an additional $150 million in debt securities, with a portion of the proceeds going toward buying more Bitcoin.
âWe intend to use the net proceeds from the sale of any securities offered under this prospectus primarily for general corporate purposes, including the acquisition of bitcoin,â the company wrote.
â Semlerâs Bitcoin investment strategy has become another priority for the firm in addition to its healthcare business, CEO Doug Murphy-Chutorian said in a statement on June 6.
Bitcoin is now Semesterâs primary treasury reserve asset and can serve as a âreasonable inflation hedge and safe haven during times of global instability,â the company said in a filing with the U.S. Securities and Exchange Commission.
âWe also believe that Bitcoinâs digital and architectural resilience makes it more desirable than gold, which has a market value far greater than Bitcoin,â Semler said. âGiven the value gap between gold and Bitcoin, we believe Bitcoin has the potential to generate outsized returns as its acceptance as âdigital goldâ continues to grow.
$BTC
#BTC #bitcoin #Binance55thProject(IO) #StartInvestingInCrypto #Write2Earn!
â The medical manufacturer currently holds 828 bitcoins and said it will âcontinue to pursue its strategy of purchasing bitcoin with cash.â
Nasdaq-listed medical manufacturer Semler Scientific, which made headlines last month for adding Bitcoin (BTC) to its vaults, has purchased another $17 million worth of the asset and may raise up to $150 million to purchase more.
â The companyâs latest Bitcoin purchase was disclosed in an S-3 filing with U.S. securities regulators on June 6. After initially purchasing 581 Bitcoins on May 28, the company currently holds 828 Bitcoins, valued at over $58.5 million.
â Semler didnât waste much time, either. The company announced it could raise an additional $150 million in debt securities, with a portion of the proceeds going toward buying more Bitcoin.
âWe intend to use the net proceeds from the sale of any securities offered under this prospectus primarily for general corporate purposes, including the acquisition of bitcoin,â the company wrote.
â Semlerâs Bitcoin investment strategy has become another priority for the firm in addition to its healthcare business, CEO Doug Murphy-Chutorian said in a statement on June 6.
Bitcoin is now Semesterâs primary treasury reserve asset and can serve as a âreasonable inflation hedge and safe haven during times of global instability,â the company said in a filing with the U.S. Securities and Exchange Commission.
âWe also believe that Bitcoinâs digital and architectural resilience makes it more desirable than gold, which has a market value far greater than Bitcoin,â Semler said. âGiven the value gap between gold and Bitcoin, we believe Bitcoin has the potential to generate outsized returns as its acceptance as âdigital goldâ continues to grow.
$BTC
#BTC #bitcoin #Binance55thProject(IO) #StartInvestingInCrypto #Write2Earn!
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