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Strategy’s Bitcoin Near to Rivaling Tech Giants’ Treasuries

Strategy’s Bitcoin treasury, valued at nearly $80 billion, is approaching the cash reserves of major companies such as Amazon, Google, and Microsoft, all of which rejected Bitcoin as a potential treasury asset in the past year. The company's holdings of 640,031 Bitcoin briefly surpassed $80 billion as Bitcoin hit a record price of $126,080. Strategy's investment in Bitcoin has already outpaced the treasuries of Nvidia, Apple, and Meta. Meanwhile, Microsoft and Meta, which declined proposals to invest in Bitcoin when prices were significantly lower, missed substantial gains from Bitcoin’s recent rise. Despite hesitation from some major firms, Bitcoin adoption among public companies has surged, with over 200 firms now holding Bitcoin, reflecting a growing trend in corporate investment in cryptocurrency. Analysts from JPMorgan view Bitcoin as a hedge against inflation amid the growing national debt, suggesting its potential as a treasury asset for companies.

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A ‘spooky’ Ethereum correlation suggests an imminent breakout

Ethereum has shown a strong correlation with small-cap stocks, particularly the Russell 2000 index, which is sensitive to interest rates. Analysts suggest that both assets could gain momentum in light of potential interest rate cuts from the Federal Reserve. Current market conditions indicate a 95.7% probability of a 0.

Gold Skyrockets Past $4K, Bitcoin (BTC) Looks South as Dollar Index Hits 2-Month

Bitcoin and gold have diverged over the past 24 hours amid a strengthening dollar index. Gold has surged to record highs above $4,000, while Bitcoin's price has dropped 2.4% to approximately $121,340. This decline follows Bitcoin's failure to breach a key resistance level

Dogecoin Plunges 8% Before Whale Buying Stabilizes at DOGE Prices $0.25

Dogecoin experienced a significant drop of 8% as large holders, known as whales, sold off their holdings when the price faced resistance at $0.27. This sell-off led to a dip to approximately $0.25, but subsequent buying activity, particularly from institutional investors, stabilized the price. The trading environment remains

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