Crypto Market Daily Movements | Volatility in the cryptocurrency market shows an upward trend, with Bitcoin fluctuating around the $90,000 mark; is the calm surface of the crypto market hiding underlying turbulence? A report suggests BTC may turn bullish
December 29 news: The cryptocurrency market is experiencing volatile upward movement. As of press time, $Bitcoin (BTC.CC)$Bitcoin rose by 2.47%, trading at $90,127; $Ethereum (ETH.CC)$Ethereum increased by 3.19%, trading at $3,045.
The latest analysis indicates that the share prices of Bitcoin treasury companies $Strategy (MSTR.US)$ remain low, while Bitcoin premium indicators are also declining. A critical decision regarding whether MSCI will remove Strategy from its index in January next year is approaching. Against this backdrop, Strategy is shifting to a ‘defensive mode’ and has recently established a cash buffer of approximately $2.2 billion to withstand the challenges posed by Bitcoin investments. This fund is expected to be used for…
