Tag: Trading

MicroStrategy BTC paper loss hits $1.3B but no plans to stop trading bitcoin

MicroStrategy registered $34 million in its first-ever bitcoin sale. The company registered a paper loss of over 1 billion in 2022. MicroStrategy made its first bitcoin purchase in August 2020. Despite making a paper loss of about $1.3 billion in 2022, MicroStrategy’s chief financial officer, Andrew Kang, said that the company will continue trading bitcoin. […]

Bitcoin trading at $38,000 in Nigeria, as Africa’s biggest economy in turmoil

Key Takeaways Bitcoin is trading at $38,000 in Nigeria, a premium of 66% The Nigerian central bank has implemented ATM withdrawal limits of $43 per day in push towards a cashless society for Africa’s biggest economy The central bank also announced a rival card system to Visa and Mastercard, in a bid to reduce fees […]

Why you need caution trading Bitcoin (BTC/USD) this week

Bitcoin (BTC/USD) trades at $20,390, a clear price decline since topping $21,000 late last month. There is no doubt that BTC remains resilient against a less reassuring macro outlook. The cryptocurrency has strongly defended the $19,500, which has become a crucial psychological level. Consequently, BTC’s technical outlook remains bullish as long as this level is […]

How Does it Rank Tuesday on Long-Term Trading Metrics?

Shiba Inu receives a strong long-term technical score of 71 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. Currently, SHIB holds […]