Author: harith
Strategy bought 34,164 bitcoin between April 13 and April 19 for about $2.54 billion, according to an 8-K filing with the U.S. Securities and Exchange Commission. The company paid an average price of $74,395 per bitcoin for the latest purchase. The new acquisition lifted Strategy’s total bitcoin holdings to 815,061 BTC. Michael Saylor, the company’s co-founder and executive chairman, said the company bought its full bitcoin position for about $61.6 billion at an average price of $75,527 per coin, including fees and expenses. Total holdings move above 800,000 BTC With 815,061 BTC on its balance sheet, Strategy remains the largest public corporate…
Bitcoin price reclaimed the $76,000 mark on Tuesday as investors await confirmation of a potential peace deal between the U.S. and Iran. According to data from crypto.news, Bitcoin btc1.85%Bitcoin price rose 2% to an intraday high of $76,483 on Tuesday before stabilizing around $76,150 at press time. Bitcoin edged higher today as investors bought the dip in its price below $74,000 on Monday after reports emerged that Iran may not be attending the emergency peace summit with the U.S. in Islamabad, as the U.S. continues to place its naval blockade on Iranian traffic moving through the Strait of Hormuz. On Monday,…
U.S. President Donald Trump has accused Iran of breaching a ceasefire agreement. The claim follows reports that Iran opened fire in the Strait of Hormuz during the truce period. Trump described the situation as a “serious violation” and warned that further action could follow if negotiations fail. He stated ”it will happen, one way or another” while referring to ongoing efforts to reach a resolution. Despite the tension, Trump indicated that discussions are still active. He expressed confidence that a deal could be reached before the ceasefire deadline set for April 22. Iran responds with counter claims Iranian officials responded by rejecting…
Key Points: Oil Retreats on Diplomacy Hopes as Supply Risks Still Hang in the Balance Crude oil markets are slowly moving away from the panic-fuelled price surge we saw after the US blockade and rising geopolitical tensions… and that’s because diplomatic efforts are starting to calm things down a bit. Following on from the initial spike, traders are now taking a closer look at the likelihood of a prolonged disruption versus some kind of deal getting done. The prospect of renewed talks is starting to cool down the risk premium that sent prices soaring in the first place, which is…