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MicroStrategy to join Nasdaq 100 with $2.1 billion in ETF share buying expected
MicroStrategy’s addition to the Nasdaq 100 on December 23 is expected to drive $2.1 billion in ETF share purchases, potentially bolstering its Bitcoin holdings. Photo: Trung Phan Key Takeaways MicroStrategy is set to join the Nasdaq 100 Index, with an official announcement expected on December 13. MicroStrategy’s Nasdaq 100 inclusion could drive $2.1 billion in ETF share buying. MicroStrategy is expected to join the Nasdaq 100 Index on December 23, with an official announcement scheduled for this Friday, December 13. According to Bloomberg ETF analyst James Seyffart, ETFs tracking the Nasdaq 100 are expected to purchase $2.1 billion worth of...
Bitcoin Down But Not Out: BTC To $700,000 Highly Probable Says Analyst
Bitcoin remains volatile at spot rates. Despite the spectacular recovery yesterday, August 1, the downtrend remains, at least for now. Specifically, looking at the candlestick arrangement in the daily chart, there could be more growth once prices break $70,000. Before then, traders are closely monitoring price action aware that there could be more losses, pushing the coin below $60,000. Amid this, some analysts are bullish in the long term, ignoring short-term price volatility. Bitcoin Remains Bullish Despite Recent Price Drops In a post on X, Willy Woo, an on-chain analyst, said that though bears might succeed in the short to...
NFTs Could Hit Lowest Monthly Sales in 9 Months
NFTs may have recently lost popularity, but there can never be a question about their continued relevance. July is proving to be a very low month for non-fungible tokens (NFTs) following a recent report by data tracker CryptoSlam. The July 29 report shows the monthly volume of digital collectibles hitting $393 million as NFTs continue to trade below $14 million on a daily average. If these figures are anything to go by, then July may end up being the lowest month for NFTs so far in the year running. That is, in terms of monthly trading volume. Just last month,...
