CandleFocus Michael Saylor Issues Bitcoin 'To Moon' as BTC Hits $68,000 Price
2024-10-16
Author: Content Editor
The price of Bitcoin surpassed $68,000, prompting Michael Saylor, the chairman of MicroStrategy, to tweet "to the moon" along with an image of himself dressed as an astronaut and a rocket with the Bitcoin emblem. This comes as the cryptocurrency market experiences volatility. Bitcoin reached a three-month high of $68,399 before slightly retreating to $67,607. Its dominance in the market has increased to 58.91% from 57.13% at the beginning of October. Glassnode reports a divergence between supply and demand, indicating potential future volatility. The rate of new capital inflows has been declining since reaching an all-time high in March 2024, and the confidence of new investors remains neutral.
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