📌 Daily Summary
● LIVE TRACKINGBitcoin (BTC) and Ethereum (ETH) are seeing notable shifts in whale activity amid a stagnant market, signaling changing preferences among large holders. Michael Saylor elaborated on his strategy for Bitcoin accumulation, emphasizing a calculated purchase formula that he believes will sustain interest in the leading cryptocurrency. In a significant pivot, Citigroup has revised its earlier predictions for Bitcoin and Ethereum, raising price targets in light of recent market developments. The latest weekly report highlighted Bitcoin's dominance while noting increased money flows into three specific altcoins, indicating a healthy investor appetite beyond BTC. Additionally, a company utilizing Bitcoin as collateral has opted to sell 267.3 BTC to address debt obligations, underscoring ongoing market volatility. In a positive sign for blockchain adoption, Cardano secured a partnership with a Brazilian oil giant, enhancing its role in the aviation fuel sector.
13:42
Analyst Ali Martinez noted that Bitcoin whales were selling, Ethereum whales were accumulating, and there was no change in XRP.
12:42
Michael Saylor stated that Strategyi does not have a fixed target for Bitcoin (BTC) assets and will continue to buy as it raises capital.
11:38
Citi has raised its Bitcoin target from $82,000 to $113,000, and its Ethereum target from $2,240 to $3,028.
10:37
Coinshares reported $3.55 billion in inflows into its cryptocurrency market last week. Bitcoin, Ethereum, XRP, and Solana were among the leading participants.
09:37
PowerCompute sold approximately 267.3 BTC to close its Bitcoin-backed loan and abandoned its leveraged Bitcoin accumulation strategy.
