Today marks an active day in the cryptocurrency market with notable listings and price increases.
MicroStrategy saw its stock rise 15% on Monday, following Bitcoin’s surge to $65,000 with double-digit gains.
A renowned crypto analyst shared his views on the potential surge in the meme coin market and how it will relate to the 2021 bull run.
Pepe coin experienced a significant 23% jump on July 16, driven by a substantial purchase from venture capital firm Nascent.
Stripe has expanded its cryptocurrency integration in Europe, enabling customers across the EU to purchase Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies using their Stripe-issued credit or debit cards.
Kraken announced that it has received funds from bankrupt crypto exchange Mt. Gox, according to an emailed statement.
Japan’s Metaplanet has purchased an additional 21.88 BTC for around $1.26 million, bringing their total holdings to over 225 BTC, worth approximately $14.55 million.
Oil prices fell for a third straight day on concerns of weak demand from China. In addition, a stronger dollar and tepid capital market sentiment contributed to the downward trend.
Following Bitcoin’s price surge to over $60,000 on July 14 and subsequent strong performance through July 16, investors in BTC ETFs appear to be maintaining their confidence in the asset.
Fundstrat’s Tom Lee has made a bold forecast for the S&P 500, projecting it to nearly triple to 15,000 by the end of the decade.